Passenger vehicle exports from India rise 43% in FY22

Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data released  by SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger car shipments saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed. Exports of vans rose to 1,853 units in 2021-22 fiscal, from 1,648 units in the 2020-21 fiscal year. Maruti Suzuki India (MSI) led the vertical last fiscal, followed by Hyundai Motor India and Kia India at second and third positions, respectively. MSI, the country's largest carmaker, exported 2,35,670 PVs last fiscal, an over two-fold increase, as compared to 94,938 units in the 2020-21 fiscal year. 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. The Suzuki - Toyota alliance was also helpful in increasing customer reach. 

Hyundai Motor India's foreign dispatches stood at 1,29,260 units during the last fiscal, up 24 per cent from 1,04,342 from 2020-21.Similarly, Kia India exported 50,864 units across global markets in the period under review, as compared to 40,458 units in 2020-21. Volkswagen India exported 43,033 units in FY22, as compared to 31,089 units in FY 21.Renault India shipped 24,117 units last fiscal, while Honda Cars chipped in with 19,323 units.