Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 5,50,466 units in 2013-14, during which domestic sales fell for the second consecutive year.

Car exports stood at 5,47,222 units in 2012-13, according to data from the Society of Indian Automobile Manufacturers (SIAM).Hyundai Motor India Ltd (HMIL) and Maruti Suzuki India (MSIL), two of the biggest car exporters, posted a decline in shipments, while overseas sales by Nissan Motor India, Toyota Kirloskar Motor and Volkswagen India increased.

HMIL, India's largest car exporter, recorded a 10.21 per cent drop to 2,33,260 cars from 2,59,811 units in 2012-13.Exports by MSIL, the country's largest car maker, fell 16 per cent to 99,832 units from 1,18,857 units.

Europe, the biggest market for compact cars from India, is still recovering from a slump, while regulatory issues in countries including Algeria and Sri Lanka also affected shipments.Japanese car maker Nissan's exports rose 17.32 per cent to 1,16,113 units in 2013-14 from 98,971 units earlier.

Toyota Kirloskar Motor's exports of passenger cars rose 16.31 per cent to 27,266 units, while Volkswagen posted an almost four-fold increase in shipments to 32,588 cars.Domestic car sales in FY14 fell to 17,86,899 units from 18,74,055 units in 2012-13, according to SIAM.

On the positive side, two-wheeler exports from India grew 6.52 per cent to 20,83,938 units in 2013-14 from 19,56,378 units in 2012-13.Motorcycle exports rose 6.48 per cent to 19,82,755 units, while scooter shipments were up 3.15 per cent to 93,931 units.

Bajaj Auto exported 13,23,173 motorcycles, an increase of 2.31 per cent, while Hero MotoCorp's overseas sales declined 17.05 per cent to 1,13,238 units in 2013-14.

Honda Motorcycle & Scooter India (HMSI) exported 1,11,710 units, up 7.65 per cent from the previous financial year.India Yamaha's exports stood at 1,93,129 units, up 45.8 per cent.

In the scooter segment, HMSI exported 51,932 units, up 20.85 per cent, while Hero MotoCorp's exports declined 28.55 per cent to 17,525 units.Chennai-based TVS Motor Company dispatched 18,693 units to foreign locations an increase of 7.62 per cent.

Source:- economictimes.indiatimes.com