Auto export grows to 30 per cent

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.