Its true that Indias auto export surges 63%

>> Monday, February 9, 2009

Carmakers may have failed to enthuse domestic customers, but the thrust of many global auto majors turning India into an export hub has led to a rise of over 63%, year-on-year (y-o-y), in passenger car sales in the overseas markets during the April-January period of the current financial year, at almost 272,000 units.

According to the Society of Indian Automobile Manufacturers (SIAM), for the month of January, car exports from India grew by 12.5%, to over 21,500 units.

The export growth in the 10-month period was led by Hyundai Motor India, whose exports increased 91%, to almost 215,000 units. - MyIRIS