With almost all the European countries pulling off their scrappage programs, the growth in the Indian passenger car export market is expected to more or less or a flat level as compared to the last fiscal. In fact, with carmakers focusing more on the domestic markets, it is quite possible that the exports production may be shifted to other destinations.

Notably, Hyundai shifted a part of its i20 production to destination like Turkey to maintain it's over all growth in the exports segment. According to the Society of Indian Automobile Manufacturers (SIAM), the exports segment registered a whopping growth of 32% in the last fiscal with 4,46,146 units.

For the uninitiated, Maruti and Hyundai exported a major chunk out of the total exports by units exported to the tune of 4,33,233 units. Hyundai registered a growth of 12% by exporting o 2,85,658 units but it was the domestic market leader Maruti Suzuki that surprised many by registering over a 100% growth by exporting 1,47,575 units in the last fiscal.

Hyundai is aiming for a 10-12% growth in domestic sales next year and with a capacity of 6.4 lakh units, it is expecting the exports to be flat vis-à-vis last year.