Indian 2014 Automobile Export Up 5,9% to 710 000 units
- India's vehicle export volume in 2014 increased 5.9 percent year-on-year to 707,431 units. Despite a 1.5 percent drop in production volume due to dull Indian demand, export remained active. As a result, export ratio (ratio of export volume to production volume) went up 1.3pp (percentage points) to 18.4 percent. Looking at data by automobile type, passenger cars, which account for over 77 percent of all exports, dropped 2.6 percent to 547,087 units. Utility vehicles, which are driven by SUVs, rose 2.3 fold and small vans (MPVs) showed a robust rise of 94.2 percent. Meanwhile, Hyundai Motor and Maruti Suzuki are strengthening India as an export base for the markets of Africa, the Middle East, and Central and South America.
- Top automobile exporter Hyundai Motor fell 20.2 percent to 201,909 units. The decline is attributed to production transfer of the i1O and i20 - exported for the European market - from India to Turkey. India is intended to be positioned by Hyundai Motor as an export base for the Middle East and Asia-Pacific.
- Nissan Motor went up 7.4 percent to 119,228 units. In addition to rising export of the Micra, the Datsun Go also aided expansion. Export is projected to decline from 2016 after the production transfer to the next-gen Micra to Renault's facility in France. However, exportation of the low-price brand Datsun - export began in June 2014 - may complement the drop.
- Maruti Suzuki increased 7.8 percent to 118,439 units. Although the export volume of passenger cars was nearly on par with that of the previous year, the Ertiga utility vehicle drove up overall export volume.
- Ford Motor went up 96.1 percent to 76,998 units, while VW increased 3.3 fold to 64,120 units. Ford's export was pushed up by the EcoSport which has been exported since 2014. VW's volume was driven by the export start of the Vento to Mexico in November 2013. In addition, the exportation of the partially-remodeled Polo to Mexico - export began in November 2014 - is expected to boost volume in 2015.
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