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Automobile exports from India, moved up by 33%. In the seven months of this fiscal, boosted by healthy demand for two wheelers and commercial vehicles, even as car exports were relatively subdued, witnessing single-digit growth on account of negative growth in Marutis numbers. Auto exports during April-October 05, stood at 4,71,511 units, up 33.4% from 3,53,212 units in the same period last fiscal, according to figures released by hre Society of Indian Automobile Manufacturers(SIAM). Bike exports from the country till October this fiscal stood at 2,18, 473 units against 1,44,192 units for the same period last fiscal, with as many as eight of the nine manufacturers-including segment leaders Bajaj Auto and Hero Honda experiencing higher demand. Led by Honda Motorcycle and Scooter India scooterette exports grew 42.1% to 54, 119 units from 38,077 units exported in April-October 2004, while moped shipments in the period stood at 28,305 units ,an increase of 55.1% .Overall, 2-wheeler exports grew 50% in April-October this year, recording the highest growth in the auto industry. Closely following the two wheeler segment were commercial vehicles where foreign shipments grew 48.6% to 21,635 units from 14,557 units in April-October 04. Goods carrirer in the light commercial vehicle (LCV) segment led the charge in the segment ,with a growth of 91.9% at 13, 229 units.
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| Posted : 11/22/2005 |
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