Source: The Hindu Business Line, Feb 10, 2019
New Delhi: At a time when two-wheeler manufacturers are finding sales moving at a slow pace in the domestic market, their exports have risen by 19.49 per cent in the April-January period this fiscal, according to the latest data from auto industry body SIAM.
Total two-wheeler exports during the period stood at 27,59,935 units as compared with 23,09,805 units a year ago, showed the Society of Indian Automobile Manufacturers (SIAM) data. The growth in exports of two-wheelers from the country is driven mainly by motorcycles and scooters.
Motorcycle shipments to foreign markets during the period stood at 24,12,800 units as against 20,34,250 units in the corresponding period last fiscal, up 18.61 per cent. Likewise, scooter exports zoomed by 26.67 per cent to 3,32,197 units as compared to 2,62,253 units in the year-ago period, SIAM said. Exports of mopeds grew by 12.3 per cent to 14,938 units, against 13,302 units a year ago. Read the rest of this entry »