Value of auto exports up 25 pc to USD 358 mn in April: EEPC

The value of the country's exports of automobile and auto parts, including passenger cars, two and three-wheelers grew 25 per cent in April, according to data compiled by engineering exporters body EEPC India.
"Export shipments of passenger cars alone rose 23.13 per cent to USD 444 million during April 2014 from USD 358 million in the same month last year, bringing in some consolation for the manufacturers who are facing tormenting times back home," EEPC India Chairman Anupam Shah said in a release quoting the data.
Though the sales value numbers for May have come about, the break-down will come after a lag, EEPC said.

Domestic passenger car sales grew by 3.08 per cent to 1,48,577 units last month as compared with 1,44,132 units in May 2013, according to SIAM (Society Of Indian Automobile Manufacturers) data released earlier this week.
However, volume of passenger car exports in May fell by 8.85 per cent to 41,591 as against 45,631 in the same month of 2013, the SIAM data showed.
"We need to build on the (automobile) exports and make it a trend, rather than one-off event by devising a smart strategy. The good thing is that the new government led by Prime Minister Narendra Modi is committed to accord priority to manufacturing," Shah said.