Car exports surge 28%, bikes zoom 45%

Passenger car exports from India jumped 27.97% in the first quarter of FY07 on the back of impressive figures from Korean car major Hyundai Motors along with car market leader Maruti Udyog and Tata Motors.

Overall auto exports from the country also registered a growth of 27.32% at 2,47,847 units during the quarter, which also saw overseas shipments of motorcycles grow 45.30% while those of scooters fell 42.89%.

According to figures released by the Society of Indian Automobile Manufacturers (SIAM), passenger car exports from India in the April-June period this fiscal stood at 49,132 units as against 38,393 units in the corresponding fiscal previous year.

Leading the pack was Hyundai Motor India, which clocked a total of 30,842 units exported during the quarter as against 24,372 units in the same quarter a year ago, up 26.54%.

Maruti Udyog also managed to improve its exports performance 12.93% at 7,544 units in the quarter as against 6,680 units in the corresponding period previous year. Tata Motors also increased its shipments to 4,865 units from 3,292.