Even as the domestic passenger vehicle market is well set to notch record sales numbers in FY2018, the Make-In-India export story is picking up steam for some carmakers.
Cumulative PV exports, at 480,341 units, for the April-November 2017 period are down 3.69 percent on the year-ago shipments but from the looks of it, growing demand for some models, particularly from Ford India, Hyundai Motor India and Volkswagen India are set to uplift fortunes for made-in-India cars. Maruti Suzuki India is currently seeing flat growth in its exports but that could be mainly due to the company ensuring supplies to the strong demand in the domestic market.
With three quarters of FY2018 completed and only three months left in the fiscal, the battle to be top dog among PV exporters is currently on – and the close tussle is between Ford and Hyundai.
Ford leading right nowIn the first nine months of FY2018, Ford India leads the table in terms of its outbound shipments, despatching a total of 137,112 units between April-December 2017, registering a growth of 14 percent in its export business. Monthly exports in December 2017 also witnessed their best ever performance, reaching 24,708 units, which marks sizeable 38 percent growth (December 2016: 17,904).
Ford has been maintaining its lead over Hyundai for some months now. The handsome tally in December is a result of the introduction of the EcoSport facelift, which was launched in India in November 2017 and also subsequently resumed its deliveries to the North American markets. In its maiden month of launch, the compact crossover sold 5,474 units in the domestic market itself, hinting at strong customer affinity for its contemporary features and overall packaging.
Ford exports the second-generation Ford Figo/ KA+ hatchback and the Ford Aspire compact sedan, both built at its Sanand factory in Gujarat, along with the made-in-Chennai Ford EcoSport models to more than 50 countries across Europe, Middle-East, Sub-Saharan Africa, Asia, and to emerging markets in North America as well as in Australia.
While the updated EcoSport (pictured above) also received an all-new 1.5-litre, three-cylinder petrol motor from Ford’s Dragon series in India, the engine, mated to a six-speed automatic gearbox is also being exported, to accompany the more popular 1.0-litre Ecoboost turbocharged petrol variant of the crossover abroad.
But will its neighbour from Chennai allow that to happen? In December 2017, Hyundai Motor India with its 22,741 units shipped abroad was a close second in December sales.Hyundai revving up its export gameHyundai, whose cumulative exports between April-December 2017 stand at 126,793 units, is running hot on Ford’s heels, the two OEMs currently separated by only 10,319 units. After introducing the third-generation of its Verna sedan in the country, Hyundai Motor India, in October 2017, also bagged the biggest order of 10,501 units for the feature loaded C-segment sedan from some Middle-Eastern markets, where it will start shipping the car from January 2018 onwards.
The Verna is sold under the Accent nameplate in these markets and the order is the largest ever for the sedan, and a big jump as compared to the earlier iterations of the car. Hyundai also ships the car to South Africa, Gulf and other Asian countries as well.
The coming months will see all three carmakers battle hard both in the domestic as well as overseas markets. Which makes the made-in-India all that more exciting. Stay tuned for our reports.
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