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March 31, 2003

INDIA: Automotive exports up 69% in first 11 months of fiscal year – paper

India’s vehicle exports increased 69% during the first 11 months this financial year, the Calcutta Telegraph reported. The report said the growth was helped by strong sales of cars, motorcycle, moped and three-wheelers, but commercial vehicles, utility-vehicles and scooters had fewer buyers.

By bcusack

India’s vehicle exports increased 69% during the first 11 months this financial year, the Calcutta Telegraph reported.

The report said the growth was helped by strong sales of cars, motorcycle, moped and three-wheelers, but commercial vehicles, utility-vehicles and scooters had fewer buyers.

Car exports jumped 47.8% to 61,479 units, led by Suzuki manufacturer Maruti Udyog, which posted a 246.2% growth at 27,342 units. However, Ford India, which exports the mid-size car Ikon in the form of completely-knocked-down kits, suffered a 10.2% drop at 24,761 units during the period.

The Calcutta Telegraph said that Hyundai Motor India recorded a 69.1% rise at 7,581 cars while Telco posted a modest 3.1% growth at 1,626 units.

Utility-vehicle exports, however, fell 68.3% to 845 units as Telco and Maruti registered a 82.3 and 31.1% drop at 379 and 226 units respectively. Mahindra and Mahindra (M&M) bucked the market trend exporting 176 utility vehicles, a rise of 7.3%.

Exports of multi-purpose-vehicles fell 24.4% to 537 units with Maruti recording a 29.5% dip at 469 units.

Export of commercial vehicles went down 8% to 9,275 units because of a downslide in demand for trucks. While medium and heavy vehicle exports increased by 1.14% to 4,140 units, light commercial vehicles posted a 14.1% drop to 5,135 units.

In the medium & heavy segment, export of buses soared 135.7% to 2,329 units, but trucks drove down by 41.6% to 1,811 units during the period under review.
Market leader Telco witnessed a 60.6% dip in export of medium & heavy trucks at 816 units but its bus sales surged 370% to 1,297 units.

Export of light buses increased by 144% to 627 units but light trucks fell by 21.2% to 4,508 units.

The Calcutta Telegraph said two-wheeler exports surged 72.8% on the back of a 130% jump in motorcycle segment units. Scooters, however, recorded a 4.1% dip at 24,402 units but mopeds clocked a 17.2% rise at 18,716 units, the Calcutta Telegraph report added.

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