Two-wheelers drive up Indias automobile exports in H1 FY2014-15
The Dollar Business Bureau | @TheDollarBiz India’s overall automobile exports continue to perform well, growing by almost 20% y-o-y in the first six months of FY2014-15, while domestic sales remain slow. According to the Society of Indian Automobile Manufacturers (SIAM), most of the increase in exports was due to growth in two-wheeler exports, which grew by around 27.84% y-o-y during April – September 2014. Commercial vehicles exports grew 15.55%, while three-wheeler exports increased by 13.27% y-o-y in April – September 2014. However, passenger vehicles exports declined by almost 1% in H1 FY2014-15. Source - SIAM Automobile production is also up. According to SIAM, the industry produced a total of 2,227,140 vehicles in September 2014, which is up about 22.45% from September 2013, ...
