Car exports from India rised 57% in FY09

At a time when global auto majors are struggling, India automakers have been able to expand their overseas presence with exports from the country registering whopping 57.04% growth in the last fiscal.

According to Society of Indian Automobile Manufacturers (SIAM), passenger car exports from India touched 3,31,539 units in FY09 as against 2,11,112 units in the previous financial year.

The country's largest exporter, Hyundai Motor India Ltd., achieved an export growth rate of 63% at 2,35,345 units compared with 1,44,440 units in the previous year. Maruti Suzuki India Ltd. registering

32.58% growth in overseas sales at 68,834 units in 2008-09 as against 51,916 units in the previous fiscal. Overall vehicle exports from India grew by 23.60% at 15,30,660 units in the last financial year, against 12,38,333 units in the previous fiscal.

Two-wheeler category registered 22.50% rise at 10,04,174 units as against 8,19,713 units in the previous financial year.

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