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Auto MNCs lagging in India utilise export hub potential

India is the world's fifth largest passenger vehicle market

auto exports

Failing to gain a toehold in the domestic market, multinational automotive giants have turned their focus on exports from India, a low-cost manufacturing base. While players such as General Motors have formally announced exit from the domestic market (to use India only as an export hub), others such as Ford India, Nissan Motor India and Volkswagen India have exported more vehicles from India than the number sold in the domestic market during the first half of the 2017-18 fiscal. India is the world’s fifth largest passenger vehicle market, but barring Maruti Suzuki India Ltd ...