Record auto production and export totals for Mexico, India

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The Mexican coat of arms.

Auto exports have hit a record high in Mexico. (Photo Credit: Public Domain/Alex Covarrubias/Wikipedia)

Mexico’s auto industry registered record production and export numbers for both cars and light trucks during the first five months of 2012, reports the nation’s Automobile Industry Association (AMIA). Auto exports from India to non-European countries have also increased significantly, with over 12,000 more vehicles exported in May than April.

Mexico’s record output

From January 2012 through May 2012, Mexico’s official automotive production tally hit 1.15 million units, a 12.5 percent increase over the first five months of the previous year and a record for the first five months of any year that Mexico’s auto industry has experienced. The nation exported 945,530 over the same five-month period, a 13.7 percent increase over the previous year, noted an AMIA representative.

“We are repeating once again record figures for production and exports,” said Eduardo Solis, AMIA president. “We’ve been diversifying our markets.”

A May to remember

According to AMIA records, automotive production grew by 2.8 percent to 228,048 in May, while export numbers of 187,042 units reflected 5.7 percent growth. Domestic sales were an even greater success, ballooning 17 percent to 80,267.

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Passage to Indian exports

Mexico isn’t the only nation experiencing record automotive import numbers, notes Money Control. Passenger car exports out of Indian were up a whopping 34.16 percent in May, thanks to overseas demand for Hyundai, Nissan and Toyota in non-European countries. Figures submitted by the Society of Indian Automobile Manufacturers (SIAM) indicate that India’s auto industry exported 45,036 vehicles in May, compared with 33,570 in May 2011.

“Europe still continues to be a worry, but the growth that we have seen is mainly on account of new markets that the companies have developed,” noted SIAM Director General Vishnu Mathur.

Hyundai Motor India Ltd. was a rousing success in May 2012, moving 42 percent more vehicles out of India than at the same time the previous year. Total export units reached 23,659.

“On account of slackness in the domestic market in May, we took the opportunity to ramp up the back orders for the export market. We had higher sales of the Eon in Algeria, the i20 in South Africa and the i10 in South America, particularly in Mexico and Columbia,” said a Hyundai Motor India Ltd. spokesperson.

Domestic success

Even domestic Indian brands like Tata Motors increased export sales got in on the May action, increasing export totals by 32.38 percent. Exports of all domestic vehicles were up 4.62 percent for the month, according to SIAM. Motorcycle exports were up 8.07 percent to 174,362 units, while exports of scooters from India increased by 87.18 percent last month, to 10,660 units.

Sources

Automotive News

Money Control

Wall Street Journal


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