How IndianMedias Play with Numbers
China’s auto exports doubled to 340,000 units in 2006 but were less than half of India’s total vehicle export tally of 970,620 units (including two- and three-wheelers). Sedan exports tripled to 90,000 units in China but fell far short of India’s 191,723-unit passenger vehicle export tally.
According to SIAM statistics, India’s passenger vehicle exports, dominated by cars, quadrupled from 46,028 units in 2001 to 164,965 units in 2004, hitting 171,608 units in 2005. India’s total export CAGR in the 01-06 period was 41.72% with cars and jeeps clocking 33%. China’s total vehicle exports, on the other hand, jumped 120% from 78,000 units in 2004 to 173,000 units in 2005. In terms of value, China’s vehicle exports have hit $1.58 billion while India’s tally is expected to be $2.8 billion, up from $2.25 billion clocked in 2005. Just passenger vehicle exports from India (mostly cars and some jeeps) were worth an estimated $1.4 million in 2006.
India’s auto parts exports too have been on a growth trot with total cumulative parts exports being worth Rs 6280 crore in the fiscal 2004-2005 which is expected to touch Rs 9700 crore in 2006, as per data collated by ACMA.
As for China, its total exports (vehicles and parts) reached $10.9 billion in 2005, up 34%. India's auto parts have been growing at a CAGR of 39% in the past three years helping the export tally to grow from the Rs 2623 crore clocked in 2001-2002. Parts exports are expected to be up by nearly 54% in 2005-06. India's imports are growing at the CAGR of 39% in the past five years and are expected to touch Rs 8450 crore.
The above came from indiatimes's report India zooms past China in car exports
These Indian "experts" and media are comparing oranges with apples. In China, two- and three-wheelers manugacturing is never counted into auto industry. Chinese manufacturers exported 6.36 million motorcycles from March to October, up 21.3 percent from the same period last year. . A big suggestion to Indian "experts" is that: Compare oranges with oranges and apples with apples. Don't mess them up. In the digital era, playing with numbers is not smart.
You need double check whether it is true if any number in any manufacturing field of India is favourably bigger than China.
According to SIAM statistics, India’s passenger vehicle exports, dominated by cars, quadrupled from 46,028 units in 2001 to 164,965 units in 2004, hitting 171,608 units in 2005. India’s total export CAGR in the 01-06 period was 41.72% with cars and jeeps clocking 33%. China’s total vehicle exports, on the other hand, jumped 120% from 78,000 units in 2004 to 173,000 units in 2005. In terms of value, China’s vehicle exports have hit $1.58 billion while India’s tally is expected to be $2.8 billion, up from $2.25 billion clocked in 2005. Just passenger vehicle exports from India (mostly cars and some jeeps) were worth an estimated $1.4 million in 2006.
India’s auto parts exports too have been on a growth trot with total cumulative parts exports being worth Rs 6280 crore in the fiscal 2004-2005 which is expected to touch Rs 9700 crore in 2006, as per data collated by ACMA.
As for China, its total exports (vehicles and parts) reached $10.9 billion in 2005, up 34%. India's auto parts have been growing at a CAGR of 39% in the past three years helping the export tally to grow from the Rs 2623 crore clocked in 2001-2002. Parts exports are expected to be up by nearly 54% in 2005-06. India's imports are growing at the CAGR of 39% in the past five years and are expected to touch Rs 8450 crore.
The above came from indiatimes's report India zooms past China in car exports
These Indian "experts" and media are comparing oranges with apples. In China, two- and three-wheelers manugacturing is never counted into auto industry. Chinese manufacturers exported 6.36 million motorcycles from March to October, up 21.3 percent from the same period last year. . A big suggestion to Indian "experts" is that: Compare oranges with oranges and apples with apples. Don't mess them up. In the digital era, playing with numbers is not smart.
You need double check whether it is true if any number in any manufacturing field of India is favourably bigger than China.
Labels: China India Comparison, Economy, Industry, Media Bias
posted by NewsChecker | 10:31 PM
3 Comments:
lol..here' s a little apple vs apple comparison from the same article -
Sedan exports tripled to 90,000 units in China but fell far short of India’s 191,723-unit passenger vehicle export tally.
Now shut the fu*k Up!
I know the previous rude comment was left by a rude Indian since the same message was posted here:
http://www.network54.com/Forum/257194/thread/1168168878/last-1168232971/India+zooms+past+China+in+car+exports
The main point here is that sedans are only a small part of passenger vehicles, let alone Indians consider 2 or 3 wheelers as passenger vehicles.
you have the apple vs apple comparison..then why worry? Have curry :)
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