Chinese auto exports down 58%, overtaken by Indian exports
According to a CCTV report earlier this morning, Chinese automotive exports currently stand at 3% of the worlds total, and exports are down 58% this year, making China a big consumer but a small exported.
Whilst China certainly does have the potential to become a world player in the automotive parts and full car production, it currently lacks the ability to market its domestic car brands overseas, which is hurting its export figures.
Apparently the Ministry of Commerce is working on a plan to increase exports and raise quality, by guiding auto makers and parts producers into setting up overseas sales networks, increasing after sales service and altering business structure to deal with overseas sales.
In the meantime, India has surged ahead in terms of full vehicle exports. India’s Maruti-Suzuki export vehicles doubled this year to just shy of 80,000 vehicles, and plans to ship 130,000 by March 2010. Martui-Suzuki sold nearly 15,000 vehicles overseas in August alone, and all Indian automotive companies sold an impressive 229,8009 vehicles overseas this year to over 100 countries.
In comparison, China’s export sales are down 60% to a mere 164,800 vehicles exported from January to July 2009.
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well, the difference is that it seems most of India’s export is not Indian domestic brands, but re-badged foreign cars.
Not rebadged at all. You see Sukuzi is exporting its Indian market models as Suzukis and Hyundai exporting its Indian market models as Hyundais.
You bet all the foreign automakers in China would gladly export out of China if Chinese government allows them 100% ownership of their auto ventures in China so that they could build latest state-of-art models without the fear of their Chinese “partners” spying on them.
If China really wants to be an auto export giant, then they must allow 100% foreign owned ventures. Without this, all that Chinese would be able to export are junk cars by their indigenous brands to 3rd world markets.