Source: LiveMint.com, July 13, 2017
New Delhi: Ford Motor Co.’s local unit has emerged as the largest exporter of cars from India in the quarter to June, wresting the crown from Hyundai Motor India Ltd, data provided by Society of Indian Automobile Manufacturers (Siam) shows.
Ford India has now outpaced Hyundai for three consecutive months in shipping out vehicles, and during the June quarter, it led Hyundai by 15,813 units. During the period, Ford’s exports rose 54% to 48,971 units from a year-ago period. That compares with 33,158 units exported by Hyundai, a decline of 16.65% from the year earlier, the data shows. Exports of passenger vehicles from India grew 13.8% to 180,000 units.