Wednesday, June 9, 2010

Indian auto export rose 50% in May 2010

Indian auto sector saw an export of 179,130 units. According to Vishnu Mathur, Director General, Society of Indian Automobile Manufacturers (SIAM), the total overseas sales for all categories in last month were the best ever in the month of May.

Compared to the export figure of 1,19,749 units in May 2009 there was a 49.59% rise.

Two-wheeler producers were major contributors posting an impressive 1,16,832 units. The two-wheeler segment saw a growth of 49.11%.

Bajaj Auto, the largest bike maker of India, sold 77,762 units in the overseas market, a 51.23% rise compared to 51,149 units in May 2009.

Chennai-based TVS Motor Company sold 15,587 units overseas, a 50.89% rise compared to 10,330 units in May 2009.

Passenger car export stood at 32,649 units. Compared to 26,619 units in May 2009, it is a 10.23% rise. Mr. Mathur said, “The sales in export markets were very impressive. It is despite the fact that the scrappage incentives offered in some European countries for passenger cars are over."

Hyundai Motor India Limited, the largest exporter of India saw a dip of 2.33% at 19,657 units against 20,125 units in May 2009.

On the contrary, Maruti Suzuki, the largest passenger car producer in India, saw a rise in export by 33.38% to 12,020 units against 9,012 units at the same time last year.

The three-wheeler segment export increased by more than two-folds at 19,918 units against 7,576 units in May 2009. Bajaj Auto exported 18,202 units of three-wheelers against 7,107 units at the same time last year.

1 comment:

  1. Please reduce the prices of petrol and HSD by reduction in taxes on them to add fuel to this fire of auto sales and to make Indians more mobile using their own or public vehicles. Let constrain of snail speed railway growth since freedom be removed by road transport. Increase the rates of LPG and SKO as those have got dirt cheap substitutes in form of induction eclectic and passive solar thermal energy and use this revenue to reduce cost of petrol and diesel and for better roads. Give interest free long term counterguaranteed loans for induction heating and passive solar thermal equipments to BPL people. One rupee per liter increase in LPG and SKO can lead to Rs 1 per liter reduction in costs of petrol and HSD till proportion of use of these fuels remains the same. Let our excess crude refining capacities be used by ourselves and not by foreigners. Let me travel to Jodhpur in my own AC car. Let all electric vehicles be tax and duty free