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Read more about Ford, VW & Nissan skip Auto Expo 2018 as their exports trump local sales on Business Standard. There is another common trend among these three players - they are all registering a volume decline in a market that is expanding at over 8%

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ford vw nissan skip auto expo 2018 as their

Ford, VW & Nissan skip Auto Expo 2018 as

their exports trump local sales

Three global car majors –Ford, Nissan, and Volkswagen– are skipping the

ongoing Auto Expo 2018. There is one common trend among these three

companies — they all ship more cars to overseas markets than their local sales

within India.

Interestingly, there are no other carmakers with operations in the Indian market

that export more cars than their domestic sales. American carmaker Ford, which

has two manufacturing units in the country (Chennai in Tamil Nadu and Sanand in

Gujarat), has overtaken Korean carmaker Hyundai this year to become the largest

exporter of cars from India.

In the first nine months of the current financial year, Ford shipped 134,575 units,

registering a growth of almost 12 per cent compared to the previous year. In the

same period, the manufacturer sold 62,554 units in the Indian market, registering

a decline of nearly six per cent. Ford ships more than double the volume it sells in

the local market.

also read auto expo 2018 carmakers using social

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before

Like Ford, German auto major Volkswagen sells almost more than double the

volume in export markets compared to India. In the first nine months of the

financial year, it shipped 71,677 units of cars, reporting a growth of over ten per

cent. However, its domestic sales in the specified period stood at 34,979 cars,

with a decline of six per cent.

In the first nine months, Japanese carmaker Nissan shipped 46,502 units to export

destinations while its domestic sale stood at 38,928 vehicles.

The sixth largest exporter of cars from India saw its domestic sales slip by more

than nine per cent this year.

ALSO READ: Auto Expo: From electric bus to 2-seater pod, automakers showcase

EV vision

There is another common trend among these three players — they are all

registering a volume decline in a market that is expanding at over eight per cent.

None of these three players have a market share of more than three per cent in

the world's fifth-biggest car market where over three million units are sold in a

year.

Industry experts said it is not a great business decision to invest millions of rupees

in participating in the Auto Expo when a company's domestic market demand is

not doing well.

ALSO READ: Auto Expo 2018: Carmakers go green to showcase future of mobility

on Day 1

General Motors is the fourth global car maker that is not a part of the ongoing

expo. But its case is different from the above three players. In May last year, the

company decided to stop local sales of its cars while announcing its plans to focus

exclusively on the export market. The company has shipped 60,707 cars from

India in the first nine months of the current financial year. General Motors is now

the fifth-biggest exporter of cars from the country.

Article By - Business Standard