Maruti loses to Nissan as second largest car exporter of India
Nissan Motor India Private Limited has overtaken Maruti Suzuki India Limited to occupy second place in passenger car exporters market in India. The leader for passenger car export in India, is Hyundai, who is also the second largest car maker in the country.
Currently exporting Micra hatchback and Sunny sedan, both of which are produced from the company plant in Oragadam, Chennai, to markets of Europe, Africa and Middle East, Nissan has exported a total of 94,931 units in the first 10 months of this fiscal (Apr 2013 to Jan 2014). This is against 79,945 units exported by Maruti Suzuki in the same period. In the previous fiscal, Maruti had shipped 95,526 units as against Nissan exports to the tune of 80,867 units.
The reason for this drop in Maruti exports could be attributed to a change in homologation norms in Algerian markets along with leading African countries signing a preferential import duty agreement with European countries for non tariff barriers. This agreement has come into effect bringing with it a duty of 9% for imports into Algeria from the EU, as against 15% for imports from India. Besides these export figures in the current fiscal, Nissan is also counting on added exports over next two years, with introduction of the Datsun.
Overall exports during the current fiscal have increased 7%. Total exports stood at 4,91,882 units with car exports accounting for a total of 4,60,711 units. Hyundai India, the leading exporter had the largest share with 2.04 lakh units during this same period followed by Nissan and Maruti Suzuki. (via)