India 2015 Automobile Export (PC+UV) : Up 2.7 Percent to 730,000 units (2/2)
- In an effort to improve plant production capacity utilisation rate, Ford Motor, VW and GM are expanding exports to Mexico, which benefit from a booming small automobile market, and other Central and South American countries. Ford Motor went up 28.7 percent to 99,000 units thanks tostrong exports of the carmaker's core model the EcoSport, up 46.5 percent to 73,000 units, and export launch of the new Figo and Figo Aspire in August 2015. Ford Motor is aiming to start exports to the US in 2017 with annual volume set to reach 220,000 units in 2020, becoming the first company to export automobiles from India to the US.
- VW went up 9.6 percent to 70,000 units, of which exports of the Vento and Polo to Mexico accounted for 80 percent of the total. Cumulative export volume of VW to Mexico reached 100,000 units in August 2015. Exports of the Vento to Argentina began in November 2015 and further increase is forecast to Central and South America.
- Export volume of GM, which began large-scale exports in 2015, was 20,000 units. The carmaker launched exports in earnest by starting shipping the Beat to Chile in September 2014, while exports to Mexico began in October 2015. Total export target of the carmaker is set at 50,000 units in 2016.
Contact us: info@inovev.com