Even as it expects improvements in India sales, Ford’s export story is getting stronger as the US carmaker displaced Hyundai to become the largest passenger vehicle (PV) exporter from India in August.
However, in cumulative exports for the current fiscal, Ford India stays in the second slot.
By shipping higher number of ‘India-built’ vehicles over the past five months, Ford displaced Maruti to grab the second slot. With robust exports, its numbers even surpassed export volumes of Hyundai in August.
During the month, Ford exported 17,860 units of PVs as compared with Hyundai’s exports of 16,506 units and Maruti’s 12,131 units.
During the April-August 2016 period, Ford’s total PV exports stood at 60,249 units, an increase of 45 per cent over the previous year.
Narrowing volume
Hyundai’s exports were flat at 70,893 units during the first five-month period of this fiscal, according to the data provided by SIAM.
In the past one year, the gap in export volume between Hyundai and Ford has been narrowing.
Hyundai has been facing some challenges in some of its export destinations. Also, its domestic demand continues to rise, and hence, its share of exports has been declining.
Sources :thehindubusinessline.com
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