In the driving seat! Hyundai unseats Ford as India's top car exporter Noor Arora
Korean carmaker Hyundai dislodged Ford to reclaim the tag of the biggest car exporter from India after a gap of one year. Hyundai, which exports vehicles to more than 80 destinations from India, managed to clock a 23 per cent growth in shipments during the April-August period of the financial year 2018-19. The company's growth comes even as the total passenger vehicle (cars, utility vehicles and vans) export from the country declined more than three per cent to 291,896 units in the first five months, according to Siam data. American carmaker Ford, which emerged as the biggest exporter from India -- for the first time -- last year, is now second again after its export volume declined by 12.52 per cent to 65,176 units during April-August period. In entire FY18, the company had achieved a record export of 181,148 units, ahead of Hyundai's 153,942 units.
ARTICLE SOURCE: BS