Car exports from India rise 46 pc in April-December

Passenger vehicle(Car) exports from India increased 46 per cent in the first nine months of the current fiscal year, with Maruti Suzuki India leading the segment with dispatches of around 1.68 lakh units. As per  SIAM data the total passenger vehicle (PV) exports stood at 4,24,037 units in April-December 2021-22 as compared with 2,91,170 units in the same period a year ago. Passenger car shipments saw 45 per cent growth at 2,75,728 units while utility vehicle exports rose 47 per cent at 1,46,688 units during the same period. Maruti Suzuki India (MSI) led the segment during the period, followed by Hyundai Motor India and Kia India at the second and third positions, respectively. MSI's top PV export markets include Latin America, ASEAN, Africa, the Middle East and neighbouring regions while its top five export models comprise Baleno, Dzire, Swift, S-Presso and Brezza.  Maruti Suzuki exported 2,05,450 vehicles, the highest ever in a calendar year(2021).

Hyundai Motor India's foreign dispatches stood at 1,00,059 units during April-December 2021-22, up 35 per cent from the year-ago period. Similarly, Kia India exported 34,341 units across global markets in the period under review as compared with 28,538 units in the last fiscal year. Volkswagen India exported 29,796 units in the April-December period. In the third quarter (October-December), total PV exports rose to 1,39,363 units as compared with 1,36,016 units in the same period of 2020-21. However, in December, total overseas PV shipments declined to 54,846 units as against 57,050 units in December 2020.