Ford overtakes Hyundai in car exports in the April to June quarter by selling 48,971 units as against 33,158 units exported by Hyundai.
Ford India has emerged as the largest exporter of cars from India in the April to June quarter, leaving Hyundai behind. Ford exported a total of 48,971 units, a rise of 54 percent compared to the same quarter a year ago.
Hyundai fell short by 15,813 units in comparison to Ford and could manage to export only 33,158 units for the first quarter of FY 2017-18. Hyundai’s exports fell by 16.65 percent when compared to the same quarter a year ago in-spite of overall exports of passenger vehicles from India growing at 13.8 percent.
Ford recently commenced the exports of the KA+ (a longer version of the Aspire compact sedan) to Europe from the Sanand plant and exports are expected to grow further. On Hyundai’s front, reports suggest that the Korean automaker is focused on meeting domestic demand and is less concentrated on exports.
However, surprisingly Hyundai’s performance on the domestic front too has not been on par. While its primary rival Maruti Suzuki grew at 14 percent for a sales in April to June quarter, Hyundai has managed to register a growth of a meager 1 percent. Meanwhile, Hyundai hopes that the launch of the next-generation Verna this quarter could actually turn the tables for the carmaker.
Ford Overtakes Hyundai
– Ford overtakes Hyundai in car exports for the April to June quarter
– While Ford exported 48,971 units in that period, Hyundai managed 33,158 units
– Ford started exporting the KA+ recently to Europe from its Sanand plant