Chevrolet Beat, which was discontinued in India in the year 2017, is the most exported car from India even after a YoY decline of 8 per cent.
India is an export hub for many automobile giants. The local production facilities of the manufacturers are capable enough to cater to the demand from both domestic as well as export markets. However, the most exported car in the first month of this year is the Chevrolet Beat. This might be quite a surprise for some, but we’ll explain. The American carmaker pulled the plug on its India operations back in 2017. The manufacturer sold the Gujrat based facility to MG motors, while it still uses the Talegaon-based facility to manufacture cars for export markets. The carmaker produces its Beat hatchback at this production plant and has recently topped the charts by exporting a total of 6,559 units in the the first month of this year.
Chevrolet Beat is the most exported car from India.
That said, the manufacturer has suffered a Year-On-Year decline of around 8 per cent as it exported 7,150 units of the Chevy Beat January last year. The second car on the chart is the Ford Ecosport, with a count of 4,559 units exported in January 2020. The carmaker has, however, sold off its assets to Mahindra in order to operate under a JV with the Indian manufacturer. Under this JV, Ford holds the right to participate to make decisions, but the sole ownership of the assets has been transferred to Mahindra. The JV will also help both the brands use each other’s capabilities to launch better products in the Indian market.
There are some more car manufacturers that export a sufficiently large number of cars to foreign markets. Moving further down the list reveals that Hyundai Verna stands on the third position with a total of 4,496 units exported last month, while the Nissan Sunny holds the fourth position with an export of 4,225 units.
Maruti Dzire has registered a hike of 52% in the export volume in comparison the January 2019.
Looking at the figures, it is pretty evident that the export numbers have dropped down by a fair margin. While the cars like the Maruti Swift and Hyundai Creta have registered a massive hike in the export numbers, segment-leading Baleno has seen a decline of 52 per cent on a Year-On-Year basis. This trend also hints at the different market trend of reduced demand in the export markets.