Ford leads Make-in-India export drive in FY2018
While the domestic growth story faces a new GST cess challenge, the made-in-India export story seems to be gathering momentum.
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From top left: New Figo, sold as Ka+ in the UK and Europe, seeing handsome demand; Maruti Balenos roll out at Toyohashi Port, Japan; first batch of 1,200 Chevrolet Beat sedans headed for Latin America
While the domestic growth story faces a new challenge in the form of the additional 10 percent GST cess imposed on large cars and SUVs, automakers are finding solace in made-in-India passenger vehicle (PV) exports which are seeing a decent uptick.
As it did for the first two months of FY2018, Ford India remains the leading exporter with shipments of 66,628 units (+57.18%) as a result of growing demand from overseas markets for the made-in-Chennai new Figo, which is sold as the Ka+ in the UK and Europe. Exports of the new Indian-made Figo first began in July ...
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