Indian auto exports beat China
Suzuki Motor Co, Hyundai Motor Co and Nissan Motor Co are making India a hub for exports of small cars as incentives give stimulus to demand for smaller, fuel efficient autos. India this year took over China in auto exports and is competing with countries like South Korea & Thailand as an alternative production center in Asia.
As per reports of SIAM ( Society of Indian Automobile Manufacturers), Maruti Suzuki sold a monthly record 14,847 vehicles overseas in August 09. India's exports of mini cars and hatchbacks gained by 44% between January and July to 201,138. Total exports, including vans, sport utility vehicles and trucks rose by18% to 229,809. Cars are exported to over 100 countries .
Maruti Suzuki India Ltd's exports more than doubled to 79,860 this year. It aims to ship 130,000 vehicles in the year to March, 86% more than last year.
However, China's exports slumped 60% to 164,800 between January and July. Similarly, Vehicles produced in Thailand for export declined 43% to 263,768.
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