India is an Export Hub for Makers of Small Cars

India is fast developing as a hub not only for small car manufacturing, but for their export as well, reports AutocarProfessional. Factors that contribute to this phenomenon are: the abundance of a skilled labor force, the low cost of manufacturing, and the upskilling of the supply chain that can now meet international quality standards. As India enters into more Free Trade Agreements globally, additional new markets will offer new opportunities for the passenger vehicle industry.

Ford's Ka+

 

From April – November 2016, total shipments of passenger vehicles were 499,037 units, which mark a year-on-year rise of 16.22 percent. The big gainer is Ford India with 102,481 units (+37%) exported, thanks to the new Figo which is sold as the Ka+ in the  United Kingdom and Europe. Volkswagen India reports 23 percent year-on-year gains having exported 56,553 units. GM India has similarly seen a surge in exports of its left-hand-drive Chevrolet Beat to Mexico, Chile, Peru, and central American and Caribbean Countries, Uruguay and Argentina. The company exported 43,015 units, a 240 percent year-on-year growth, adds AutocarProfessional.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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