Indian carmakers are reaping the benefits of the incentives offered by the governments of Germany, France and the UK to people exchanging their old cars for new fuel-efficient ones.
The country’s largest car exporter, Hyundai Motor India expects to sell around 5.8 lakh cars, out of which nearly 3 lakh cars will be exported including to some European countries. The company is receiving a huge number of export orders, mostly of i10 and i20 models. Hyundai, which uses India as an export base for its small cars, shipped 24,251 units to Europe, a jump of 32.5%. Thanks to booming exports, Hyundai’s production schedule for exports is already booked for the next two months and the company is now looking at bagging orders for September and beyond, helping the company post handsome profits.
Maruti Suzuki shipped more A-Star small cars to Europe, particularly to countries such as Germany, the U.K., the Netherlands, Spain and France. The A-star has met overwhelming customer response in European markets.
The small cars—A-Star , i10 and i20—are the biggest grossers in Europe as these fuel-efficient models emit low volumes of carbon dioxide per kilometer.