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Hyundai races ahead of Ford with made-in-India PV exports in H1, FY2020

With shipments of 103,300 units in April-September 2019, Hyundai Motor India is ahead of Ford India by 31,450 units. And, it is plotting an aggressive export-led growth strategy designed to take the passenger car export crown.

By Ajit Dalvi

14 Oct 2019

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Hyundai India, with 103,300 units including 34,772 Vernas, is the leading PV exporter in H1 FY2020. Ford EcoSport, with 38,593 units, most exported car. VW India has shipped 37,908 cars, up 4.74%.

Even as passenger vehicle OEMs struggle for sales traction in the domestic market, they are looking at increased exports as a growth de-risking strategy and also to keep their manufacturing plants in India busy. In H1 FY2020 (April-September 2020), even though the overall export numbers, compared to domestic market sales, are small, the fact is that they are in the black. Compared to overall domestic sales of 13,33,251 units (-23.56%), total exports of made-in-India PVs at halfway stage in the fiscal year add up to 365,282 (4.38%).

Verna powers Hyundai's charge
Leading the charge is the Chennai-based Hyundai Motor ...

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