News: Tata Motors export growth at peak

(PTI 19/04/2006) Kolkata - Backed by strong demand for Indian vehicles from markets such as South Africa, Tata Motors has exported more than 50,000 vehicles during 2005-06 showing a growth of over 65 per cent over the previous year.

The Indian auto major exported a total of 50,539 vehicles during the just-concluded fiscal as compared to 30,496 during 2004-05.

"Almost one-third of our entire export of vehicles was to South Africa, which is one of our focused markets," a spokesman of Tata Motors told the media on Tuesday commenting on the company's performance.

Responding to a query he indicated that the strong growth has been driven by the growing demand for passenger vehicles from Tata Motors which has been witnessed during the year.

He said out of total export around 30,000 were the commercial vehicles showing a growth of 50 per cent over the previous year's figure of around 20,000.

But the growth in export of passenger vehicles has been almost 80 per cent as it grew from around 11,000 in the previous year to 20,000 during the year, he said.

Tata Motors has been focusing on the export market in recent years and apart from South Africa it has been exporting to some other African countries, Europe, Middle East and in the Asian markets.