New Delhi sources have stated that Indian arm of Japanese car maker Honda Cars India is gunning to up its component exports from India to overseas markets. It is targeting parts exports to the tune of Rs 1500 crore in the current financial year (2017-18) up 31.57% from Rs 1140 crore posted in FY17.
Meanwhile it is also looking to step up vehicle (completely built units) exports to 6000 units in FY18, Jnaneswar Sen, senior VP sales and marketing told that between April-December 2017-18, the car maker exported 4114 vehicles growing 4.87% over the previous fiscal. Of this, passenger cars contributed 2719 units and utility vehicles 1395 units. In 2016-17, during the same period, it clocked exports of 3923 units with cars accounting for 2902 units and UVs 1021 vehicles.
Previously Honda Cars India (HCIL) had commenced exports of the fully
assembled 1.6L diesel engine to Thailand and Philippines for the first time,
from India.
