Passenger vehicle exports scale a new high in FY2017, sustain drive for Ford, Nissan, VW and GM

Even as sales of passenger vehicles in the domestic market for the just-ended FY2016-17 have crossed the 3-million mark for the first time – 3,046,727 units (+9.23%) – passenger vehicle exports too have notched their best-ever numbers. At 758,830 units shipped out of India, the PV industry has recorded 16.20 percent year-on-year export growth, the only vehicle segment to have registered double-digit growth in the last fiscal.

While India is fast developing as a hub for small car manufacturing, it is also evolving into a major export hub for small cars wherein Hyundai leads as the largest car exporter ...