Passenger vehicle exports increase by 46% with Maruti Suzuki in the lead

Data from the Society of Indian Automobile Manufacturers showed the country’s passenger vehicle exports grew by 46% in the nine months of the current fiscal year. Maruti Suzuki India leads the segment with around 1.68 lakh units.

Through HT automatic office
Jan 16, 2022, 2:00 PM

File photo used for representation purposes only.

India recorded an increase in its exports of passenger vehicles. It stood at 46% in the nine months of the current fiscal year, with Maruti Suzuki India (MSI) becoming the segment leader. The auto major noted shipments of around 1.68 lakh units, according to the latest data from the Society of Indian Automobile Manufacturers (SIAM), PTI reported.

MSI’s major passenger vehicle export markets include Latin America, ASEAN, Africa, the Middle East and surrounding regions. The company’s top five export models include Baleno, Dzire, Swift, S-Presso and Brezza.

The total number of passenger vehicle exports stood at 4,24,037 units in April-December 2021-22, compared to 2,91,170 units in the same period of 2020. Passenger car shipments recorded growth by 45 percent to 2,75,728 units while commercial vehicle exports rose by 47 percent to 1,46,688 units during the review period, SIAM data showed.

(Also read | Sales are recovering in the Indian car market, but the chip crisis may continue to worry)

Pickup truck exports also nearly doubled to 1,621 units in April-December 2021-22 from 877 units in the same period last fiscal year. Maruti Suzuki India (MSI) led the segment during the period, followed by Hyundai Motor India and Kia India in second and third positions, respectively.

MSI’s Executive Director (Corporate Affairs), Rahul Bharti, said in the report that two years ago the company aimed to increase its exports. “Our ambition has also been inspired by a two-pronged strategy of the Ministry of Trade and Industry to deepen localization and multiply exports as part of the overall vision of Make in India. With the strong support of our parent company, Suzuki Motor Corporation, we have been working on all fronts – expanding the export product portfolio, reaching more geographies/markets, and expanding the distributor network,” a- he added.

MSI exported 1,67,964 PV during the reporting period, almost triple the 59,821 units during the same period last year. With that, from April to December 2021-22, the automaker was able to export 1,69,922 vehicles (PV plus LCV), the highest ever in a nine-month period, Bharti said. “Not only that, in calendar year 2021, Maruti Suzuki exported 2,05,450 vehicles, the highest ever in a calendar year,” Bharti added.

(Also read | Passenger vehicle industry growth forecast cut to 8-11% for FY22: ICRA)

Hyundai Motor India’s export number stood at 1,00,059 units from April to December 2021-22, an increase of 35% over the prior year period, while Kia India exported 34,341 units in global markets during the reporting period compared to 28,538 units in the last fiscal year. Volkswagen India shipped 29,796 units between April and December globally.

Date of first publication: January 16, 2022, 2:00 PM IST

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