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India's major automobile manufacturers lead exportsTop successful automobile companies 'Mahindra & Mahindra', TVS Motor Co. and Bajaj Auto, the Indian auto industry managed during September to an overall 24.19 per cent growth in exports.According to Society of Indian Automobile Manufacturers (SIAM), of a combined total of 89,338 vehicles exported in September, Bajaj Auto accounted for 37,088 units, which was up 58.07 per cent as compared to the same month last year. Bajaj Auto, which has been giving tough competition to domestic two-wheeler market leader Hero Honda, has been successful in increasing its exports to countries in South East Asia, Latin America and Africa. In the four-wheeler segment, Mahindra and Mahindra stole the show with a 95.73 per cent growth in exports mainly on the back of the success of its 'SUV Scorpio' in markets like South Africa. TVS Motor Co., also continued its robust performance in the export market with a total of 10,339 units shipped overseas at a growth of 37.63 per cent over September, 2005. The company exported a total of 1,055 units of vehicle during September. South Korean car maker Hyundai, which is by far the largest four-wheeler exporter from India, recorded a modest 7.47 per cent increase in its overseas shipment at 10,077 units. Its rival Maruti Udyog had a marginal decline by 2.5 per cent at 2,813 units. Ford India also managed a staggering 171.58 per cent jump in exports at 2,857 units. However, for Tata Motors, it was a forgettable month as far as exports were concerned, with the company managing only 3,921 units, down by 13.79 per cent as against the same month last year. Source: hindu.com |
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