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Home arrow News arrow Automotive arrow Automobile exports from India registers 29.64 % growth in 2010-11
Automobile exports from India registers 29.64 % growth in 2010-11 Print E-mail
Written by Anand   
Saturday, 09 April 2011
New Delhi: Overall automobile exports from India registered a growth rate of 29.64 percent - total exports from the country stood at 23,39,333 units in last fiscal compared to 18,04,426 units in the previous fiscal.

Passenger Vehicles registered marginal growth at 1.64 percent in this period. Commercial Vehicles, Three Wheelers and Two Wheelers segments recorded growth of 69.51 percent, 55.86 percent and 35.04 percent respectively.

SIAM President Pawan Goenka, said that the low in the passenger vehicle segment was because of slow recovery of the European market. Commercial vehicles and two—wheeler sectors witnessed good growth in exports, he said.

In March 2011 compared to March 2010, overall automobile exports registered a lower growth of 19.64 percent.

Passenger car exports reached 4,47,403 units in FY'11 as against 4,41,709 units in FY'10, up 1.29 per cent. Hyundai and Maruti Suzuki reported a decline in exports.

Two—wheelers registered a 35.04 per cent rise in exports at 15,39,590 units compared to 11,40,058 units in the previous fiscal. This surge was led by Bajaj Auto, TVS Motor Company and Hero Honda.

Commercial vehicles reached 76,297 units in 2010-11, compared to 45,009 units in 2009-10.

LCVs registered 91.28 percent increase in exports at 47,025 units, while MHCVs registered a 43.31 per cent increase in exports.

Three-wheeler exports reached 2,69,967 units in 2010-11 from 1,73,214 units in the previous fiscal.

Domestic sales

The growth rate recorded for Domestic Sales for 2010-11 was 26.17 percent amounting to 15,513,156 vehicles.

Passenger Vehicles segment grew at 29.16 percent during April-March 2011 over same period last year. Passenger Cars grew by 29.73 percent, Utility Vehicles grew by 18.87 percent and Multi-Purpose Vehicles grew by 42.10 percent in this period. In March 2011 figures for domestic sales of Passenger Cars show a growth of 24.37 percent over the same month last year which is lower than 2010-11 growth.

The overall Commercial Vehicles segment registered growth of 26.97 percent during April-March 2011 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered growth of 31.78 percent, Light Commercial Vehicles grew at 22.88 percent.

Three Wheelers sales recorded a growth rate of 19.44 percent in 2010-11. While Passenger Carriers grew by 22.03 percent during April-March 2011, Goods Carriers registered growth of 9.45 percent.

Two Wheelers registered a growth of 25.82 percent during April-March 2011. Mopeds, Motorcycles and Scooters grew by 23.53 percent, 22.86 percent and 41.79 percent respectively.

 
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