Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2011-04-09

Auto export grows to 30 per cent

The surge in two-wheeler exports was led by Bajaj Auto and TVS Motor Company with sales of their motorcycles and scooters in various overseas markets.

India's automobile exports has grown 29.64 percent in 2010-11 riding on two-wheelers and commercial vehicles, says the Society of Indian Automobile Manufacturers (SIAM) in a release on Friday.

According to the figures released by SIAM, despite a sluggish demand from Europe, total exports from the country stood at 23,39,333 units in last fiscal compared to 18,04,426 units in the year - ago period.

Passenger car exports from India touched 4,47,403 units in FY’11 as against 4,41,709 units in the previous financial year, up 1.29 percent.

Domestic market leader Maruti Suzuki was a distant second, registering 6.93 percent fall in overseas sales at 1,36,026 units in 2010—11.

However, exports growth in the last financial year was robust in the two—wheeler category, which registered 35.04 percent rise at 15,39,590 units as against 11,40,058 units in the previous financial year.

The surge in two-wheeler exports was led by Bajaj Auto and TVS Motor Company with sales of their motorcycles and scooters in various overseas markets.

Bajaj Auto’s overseas two-wheeler sales rose by 34.11 percent to 9,72,437 units from 7,25,097 units in 2009—10.

TVS Motor Company registered a rise of 38.52 percent at 2,29,132 units as against 1,65,414 units in FY10.

Domestic market leader Hero Honda saw its bike exports increase by 36.20 percent at 1,33,063 units against 97,699 units in the previous fiscal, SIAM said.

Related opportunities
  • Juices / Smoothies / Dairy parlors
    Juices goes way beyond mere drinking.Fresh juices are a..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100 - 250 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Real Estate Sub
    About:One Co. Work is a collaborative co-working space that offers..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2 Cr. - 5 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Sports & Gaming
    About UsThe Amazing Escapes is an exciting and unique escape..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • After School Activities
    About:Respond Right Education program has been developed based on more..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 0 - 300 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities