Global auto companies like Nissan, Ford, Volkswagen in India ride on exports – Feedback

The Indian market hasn’t been too kind to auto makers, but a few of them have found a way to keep their operations sustainable. Exports. In the fiscal year ended March 31, the Indian units of four passenger vehicle manufacturers — Nissan Motor, Ford Motor, Volkswagen and General Motors — exported more cars and utility vehicles than what they sold in the local market.

Overall, exports of passenger vehicles from India grew 5.2% in the last fiscal year to 6,53,889 units. Exports, especially for these companies, help them better utilise capacity and attain profitability even as domestic sales remain sluggish. Exports grew the fastest at General Motors, as the local unit of the American auto giant shipped more than 37,000 units from India to overseas markets from April 2015 through March 2016, a 17-fold jump from the year before. The Beat hatchback is the only model yet that GM exports from India. It sold 32,540 vehicles in India in the past fiscal year.

http://economictimes.indiatimes.com/industry/auto/news/industry/global-auto-companies-like-nissan-ford-volkswagen-in-india-ride-on-exports/articleshow/51833768.cms

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