US based car manufacturer Ford's Indian division - Ford India Pvt.
Ltd. has consistently exported the highest number of passenger vehicles from
India this quarter. In a trend which has been building since February 2017, the
US auto major surpassed Hyundai and other competitors to become the number one
exporter of PVs for five months running and has exported 48,971 units this
quarter, according to the SIAM sales data..
While Hyundai Motor India Ltd. (HMIL) has experienced negative
growth in exports to the tune of 16.65pc, Ford has witnessed a growth of
54.37pc this quarter over the first quarter of FY 16-17. Recording an export of
48,971 units from April to June 2017. Ford India remains the highest exporter
of PVs from India, followed by HMIL exporting 33,158 units and subsequently
Volkswagen India Pvt. Ltd. exporting 26,740 units in the quarter April-June
Despite its exceptional export performance, the company has not been
performing too well in the domestic market with cumulative sales during this
period standing at only 20,508 units. For the first quarter April-June 2017,
Ford India ranks 8th in terms of sales volumes and has witnessed a negative
growth of 5.84pc in the domestic market over last year's sales figures.
Hyundai, in the meantime, expects to boost its sales and export
volumes with a slew of launches in the near future. The company has plans to
launch the new Verna sedan in the quarter July-September 2017. Hyundai has teased
the new Verna through a video which stated bookings would open soon, hinting
towards an imminent launch.
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