Hyundai unseats Ford as India’s top car exporter

New Delhi: In an astonishing turn of events, Hyundai dislodged Ford to reclaim the tag of the biggest car exporter from India, after a gap of one year. The South-Korean automobile giant — 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. They were the only company to experience a growth in the automobile sector this year.

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 car-maker 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 financial year 2018, the company had achieved a record export of 181,148 units — ahead of Hyundai’s 153,942 units. In the top five list of exporters, which includes Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen, it is only Hyundai which is clocking a growth. Others are experiencing a decline of 20-26 per cent in the financial year 2018-19, resulting in a substantial dip in their overall sales in India.

A total of 20,749 units of Grand i-10 were exported by Hyundai between April and July this year (latest available model-wise export data shows), up 59 per cent. A total of 7,118 Verna sedans were exported by the Korean auto major against none in the same period last year. Besides these two models, the company also exported over 6,600 units of Xcent and over 7,200 Elite i-20 cars.