Ford beat Maruti in the total number of exports for FY 2016-17, thereby dethroning Maruti from the second spot.
Ford has taken Maruti’s position as the country’s second largest exporter of passenger vehicles for the FY 2016-17. The company has exported 1,58,469 units in FY 2016-17 v/s 1,10,840 units in FY 2015-16. Maruti now stands at the third place while Hyundai still holds on to the first position.
According to SIAM, Hyundai exported 1,67,120 units in FY 2016-17 v/s 1,62,221 units in FY 2015-16, thereby clocking a growth of nearly 3 percent. Hyundai exports mainly constituted the Creta, Grand i10 and Xcent. Nissan slipped from third to fourth position due to the decline in exports by 2 percent. It managed to export 1.09 lakh units in FY 2016-17 v/s 1.11 lakh units in FY 2015-16.
Maruti too saw a decline in its export volumes. The company exported 1,22,039 units in FY 2016-17 v/s 123,850 units in FY 2015-16, Baleno being the highest exported car. Renault too made it to the list finally, leaving behind Mahindra and Honda. In markets like Nepal and Sri Lanka, the Kwid is highly demanded.
Volkswagen sits in the fifth place, General Motors in the sixth place, Toyota in the seventh place and Renault in the eighth place. Ford now plans to export the EcoSport to the US market from its plant in Chennai. Overall, the Indian automobile industry exported 7,58,830 units in FY 2016-17 v/s 6,53,053 units in FY 2015-16, growing at around 16.2 percent.
Ford Car Exports
– Ford has left behind Maruti and Nissan in terms of exports of their cars
– Ford also plans to EcoSport to the US markets
– Maruti’s exports fell by 1.5 percent in FY 2016-17