Passenger automobile exports from India rise 15% in FY23; Maruti Suzuki leads section

Passenger automobile exports from India rose 15 per cent in FY23 with Maruti Suzuki India main the section with dispatches of over 2.5 lakh items, as per the most recent knowledge by business physique SIAM. The full passenger automobile (PV) exports stood at 6,62,891 items in 2022-23 fiscal as in comparison with 5,77,875 items in 2021-22.

Passenger automobile shipments noticed a ten per cent progress at 4,13,787 items, whereas utility automobile exports rose 23 per cent at 2,47,493 items over the past fiscal, the info by the Society of Indian Vehicle Producers (SIAM) confirmed.

Exports of vans, nevertheless, declined to 1,611 items final fiscal, from 1,853 items within the 2021-22 fiscal yr.

Maruti Suzuki India (MSI) led the exports final fiscal within the passenger automobile section. It was adopted by Hyundai Motor India and Kia India.

MSI, the nation’s largest carmaker, exported 2,55,439 PVs final fiscal, an 8 per cent enhance as in comparison with 2,35,670 items within the 2020-21 fiscal yr.

The carmaker exports to numerous markets, together with Latin America, ASEAN, Africa, the Center East and neighbouring areas.

Hyundai Motor India’s abroad dispatches stood at 1,53,019 items final fiscal, up 18 per cent from 1,29,260 items in 2021-22.

Equally, Kia India exported 85,756 items throughout international markets within the interval below evaluate as in comparison with 50,864 items in 2021-22.

Nissan Motor India shipped 60,637 items; Renault India 34,956 items; Volkswagen India 27,137 items in FY23.

Honda Vehicles India exported 22,710 items, whereas Mahindra & Mahindra chipped in with 10,622 items within the 2022-23 fiscal.

Total vehicle exports from India final fiscal stood at 47,61,487 items, down 15 per cent from 56,17,359 items in 2021-22.

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