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.
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.
