HMI India’s largest car exporter, India record 57% growth

Hyundai Motor India registered car export growth of 63% at 2.35,345 units compared with 1,44,440 units in the year-ago period. It is the highest growth in the car industry. According to the figures released by the Society of Indian Automobile Manufacturers (SIAM), carmakers in India have been able to expand their overseas presence with exports from the country recorded whopping 57.04 per cent growth in the last fiscal.

passenger car exports from India touched 3,31,539 units in FY09 as against 2,11,112 units in the previous financial year. Domestic market leader Maruti Suzuki India was a distant second, registering 32.58 per cent growth in overseas sales at 68,834 units in 2008-09 as against 51,916 units in the previous fiscal. Overall vehicle exports from India grew by 23.60 per cent at 15,30,660 units in the last financial year, while the same stood at 12,38,333 unit s in the previous fiscal, SIAM said.