Passenger vehicle exports from India rise 43% in FY22; Maruti Suzuki leads segment – Times of India

NEW DELHI: Passenger vehicle exports from India elevated 43 per cent in FY22, with Maruti Suzuki India main the section with dispatches of over 2.3 lakh models, as per the newest information by trade physique SIAM. The whole passenger car (PV) exports stood at 5,77,875 models in 2021-22 fiscal, as in comparison with 4,04,397 models in 2020-21.
Passenger automobile shipments noticed 42 per cent progress at 3,74,986 models, whereas utility car exports rose 46 per cent at 2,01,036 models over the last fiscal, the info by the Society of Indian Vehicle Producers (SIAM) confirmed.
Exports of vans rose to 1,853 models in 2021-22 fiscal, from 1,648 models within the 2020-21 fiscal 12 months.
Maruti Suzuki India (MSI) led the vertical final fiscal, adopted by Hyundai Motor India and Kia India at second and third positions, respectively.
MSI, the nation’s largest carmaker, exported 2,35,670 PVs final fiscal, an over two-fold enhance, as in comparison with 94,938 models within the 2020-21 fiscal 12 months.
MSI’s prime PV export markets embrace Latin America, ASEAN, Africa, the Center East and neighbouring areas, whereas its prime 5 export fashions comprise Baleno, Dzire, Swift, S-Presso and Brezza.
MSI managing director and CEO Hisashi Takeuchi famous that the corporate’s exports elevated on the again of sturdy demand in addition to higher availability of semiconductors for export oriented models.
“Our whole manufacturing for the home market was restricted due to the semiconductors scarcity. Happily, we might get extra semiconductors for (models meant for) the export market,” he famous.
Elaborating additional, MSI government director company affairs Rahul Bharti instructed PTI that through the years, the carmaker has developed a wholesome export market globally.
“Up to now two years, there was a renewed effort to make a quantum enhance in our exports… We elevated our product choices, our gross sales and repair community attain and adopted progressive concepts to go nearer to the shopper,” he famous.
The Suzuki – Toyota alliance was additionally useful in rising buyer attain, Bharti mentioned.
Hyundai Motor India’s international dispatches stood at 1,29,260 models over the last fiscal, up 24 per cent from 1,04,342 from 2020-21.
Equally, Kia India exported 50,864 models throughout international markets within the interval below evaluate, as in comparison with 40,458 models in 2020-21.
Volkswagen India exported 43,033 models in FY22, as in comparison with 31,089 models in FY 21.
Renault India shipped 24,117 models final fiscal, whereas Honda Automobiles chipped in with 19,323 models.

Leave a Comment