Passenger car exports from India rose 43% in FY22, with Maruti Suzuki India leading the segment with deliveries exceeding 2.3 lakh units, according to the latest data from industry association SIAM.
Total passenger vehicle (PV) exports were 5,77,875 units in fiscal year 2021-22, compared to 4,04,397 units in 2020-21.
Passenger car deliveries grew 42% to 3,74,986 units, while commercial vehicle exports rose 46% to 2,01,036 units last fiscal year, Society of Indian Automobile Manufacturers (SIAM) data showed.
Van exports increased from 1,648 units in fiscal 2020-21 to 1,853 units in fiscal 2021-22.
Maruti Suzuki India (MSI) led the vertical last fiscal year, followed by Hyundai Motor India and Kia India in second and third place respectively.
MSI, the country’s largest automaker, exported 2,35,670 PVs last fiscal year, more than doubling the increase from 94,938 units in fiscal 2020-21.
MSI’s top PV export markets include Latin America, ASEAN, Africa, the Middle East and neighboring regions, while the top five export models include Baleno, Dzire, Swift, S-Presso and Brezza.
Hisashi Takeuchi, Managing Director and CEO of MSI, noted that the company’s exports have increased due to robust demand as well as better availability of semiconductors for export-oriented entities.
“Our overall production for the domestic market was limited due to semiconductor shortages. Luckily we were able to get more semiconductors for (units destined for) the export market,” he noted.
Rahul Bharti, MSI’s executive director of corporate affairs, further explained to PTI that over the years the automaker has developed a healthy export market worldwide.
“In the last two years, there have been renewed efforts to increase the quantity of our exports… We have expanded our product offering, expanded the reach of our sales and service network, and embraced innovative ideas to be closer to customers,” he noted.
The Suzuki-Toyota alliance has also been helpful in increasing customer reach, Mr. Bharti said.
Hyundai Motor India overseas shipments totaled 1,29,260 units in the last fiscal year, up 24 percent from 1,04,342 in 2020-21.
Similarly, Kia India exported 50,864 units to global markets during the period compared to 40,458 units in 2020-21.
Volkswagen India exported 43,033 units in FY22 compared to 31,089 units in FY21.
Renault India delivered 24,117 units last fiscal year while Honda Cars contributed 19,323 units.
