New Delhi: Passenger vehicle exports from India rose 18 per cent year-on-year during April–September of the current financial year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
The surge was driven by strong demand from international markets, particularly in the Middle East and Latin America.
During the first half of FY2025, India exported 4,45,884 passenger vehicles, up from 3,76,679 units in the same period last year. Passenger car exports grew 12 per cent to 2,29,281 units, while utility vehicle shipments jumped 26 per cent to 2,11,373 units. Exports of vans also witnessed a steep rise of 36.5 per cent, reaching 5,230 units.
Maruti Suzuki India led the segment with exports of 2,05,763 units, a 40 per cent increase from 1,47,063 units a year earlier. It was followed by Hyundai Motor India, which exported 99,540 units, up 17 per cent from 84,900 units last year.
Other major contributors included Nissan Motor India (37,605 units), Volkswagen India (28,011 units), Toyota Kirloskar Motor (18,880 units), Kia India (13,666 units), and Honda Cars India (13,243 units).
SIAM noted that the expansion reflects not only strong overseas demand but also diversification in export destinations, as Indian automakers reported positive growth in 24 countries during the period.
However, exports to the United States saw a decline in September due to higher import tariffs.
Countries showing robust demand for Indian-made vehicles included South Korea, the UAE, Germany, Togo, Egypt, Vietnam, Iraq, Mexico, Russia, Kenya, Nigeria, Canada, Poland, Sri Lanka, Oman, Thailand, Bangladesh, Brazil, Belgium, Italy, and Tanzania.
With inputs from IANS