Indian car exports surge 36% in of 2009-10

Car exports from India in the first half of this financial year jumped by 35.7 % as major manufacturers like Hyundai & Maruti Suzuki cashed in on scrap page incentives provided in Europe, In spite of other sectors of the auto industry witnessing turn down.

According to Society of Indian Automobile Manufactures Association (SIAM), car exports during Apr-Sep stood at 2,10,088 units as against 1,54,783 units in the year-ago period. The increase in exports were mainly driven by the country's largest car maker Maruti Suzuki India as its overseas shipments rose over two-fold during April-September to 65,752 units from 29,699 units in the year-ago period, SIAM said.

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