Auto manufacturers have reported a robust export growth in November amid falling domestic sales. The domestic sales in November is fallen by 19% which is the worst sales report experienced by the industry in last 8 years. The export has zoomed to about 61.88% giving a sign of relief to the car manufacturers.
This boom in export is against 17.98% decline in domestic sales that accounts for 7, 11,281 units against 8, 67,243 units in the corresponding month previous year.
According to the report by Society of Indian Automobile Manufacturers (SIAM), total automobile export during this November stood at 1, 46,337 units against 90,398 units in the same month the previous year.
The export of passenger car segment was at a peak with about 34,607 units of cars exported against only half the numbers accounting for15,464 units exported in November last year.
The country's second largest car manufacturer, Hyundai Motor India, experienced three-fold export that accounts for 28,500 units in November 2008. Market leader Maruti Suzuki reported 12.28% jump with total of 4,920 units in November 2008 against 4,382 units in November 2007. Mahindra-Renault and Fiat India together exported 610 units against 94 units in November last year.