Indian vehicle exports in the first quarter of fiscal year 2005 reached 41,085 units, a rise of 34.12 %.
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Passenger car exports grew smartly in the first quarter by 32% to 35,933 units but there have been ups and downs, as shipments grew a lacklustre 10% in June compared to 87% in May.
Maruti, whose exports dipped almost 50% since May, largely contributed to the dip, yet on-year the firm notched up growth of 52% and Hyundai 531% because of the Santro Xing.
Hyundai shipped 14.5 % more vehicles in June 2004 compared with May.
The CityRover version of the Indica continues to be a slow seller with Tata’s cumulative passenger car exports standing at just 795 units for the quarter. Last year the figure was 1,166 units for the same period.
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By GlobalDataExport of utility vehicles from India has not stabilised yet with sales dropping 68% to 401 units. Both M&M and Tata shifted fewer units abroad with sales dropping 62% and 81% respectively.
International demand for Indian medium and heavy commercial vehicles has shown consistency with June exports growing 98% to 1,113 units and Q1 exports showing an even better 120% increase to 2,566 vehicles.
Ashok Leyland has been especially successful, notching Q1 growth of 246% while June recorded 101% export growth on year. Ashok’s exports increased a blistering 134.4% over May 2004. Tata Motors’ CV exports notched 47% growth in June while Q1 figures were 42% higher.
Deepesh Rathore / Tilak Swarup
