Total PV exports from India almost doubled in Apr-Dec

The latest data by the Society of Indian Automobile Manufacturers (SIAM) reports that passenger vehicle exports from India have recorded an impressive growth of 46% in the first nine months of the current fiscal year. While Maruti Suzuki India (MSI) piloted the segment, Hyundai Motor India and Kia India followed the lead.

Furthermore, utility vehicle exports amplified by 47% at 1,46,688 units and passenger car shipments accounted for a 45% growth at 2,75,728 units during the period under review. Compared to the same period last fiscal year, exports of vans also nearly doubled. Specifically, MSI’s top five export models: Baleno, Dzire, Swift, S-Presso and Brezza have been exported to markets in Latin America, ASEAN, Africa, the Middle East and neighbouring regions.

In this aspect, MSI Executive Director (Corporate Affairs) Rahul Bharti told PTI, “Our ambition was also inspired by a two-pronged strategy of the Commerce & Industry Ministry to deepen localisation and multiply exports as part of the overall Make in India vision. In the calendar year 2021, Maruti Suzuki exported 2,05,450 vehicles, the highest ever in a calendar year. These numbers show the confidence of customers around the world in the quality, technology, reliability, performance and cost-effectiveness of our cars.”

Immense progress was also attained by Hyundai Motor India and Kia India, which dispatched 1,00,059 units and 34,341 units respectively during April-December 2021-22. Volkswagen India also exported 29,796 units across the global markets.