Passenger car exports from India increased 34 per cent in May, riding on the back of robust overseas sales by Hyundai Motor, Nissan Motor and Toyota Kirloskar in non-European countries.
According to figures released by Siam, India exported 45,036 cars last month, against 33,570 vehicles in the year-ago period.
“Europe still continues to be a worry, but the growth that we have seen is mainly on account of new markets that the companies have developed,” SIAM Director General Vishnu Mathur said.
