PV exports from India rise 46% in April-Dec; Maruti Suzuki leads segment

Passenger vehicle exports from India increased 46 percent 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 the latest data by SIAM. 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 percent growth at 2,75,728 units while utility vehicle exports rose 47 percent at 1,46,688 units during the period under review, the data by the Society of Indian Automobile Manufacturers showed. Export of vans nearly doubled to 1,621 units in April-December 2021-22 as compared with 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 at the second and third positions, respectively. MSI, the country's largest carmaker exported 1,67,964 PVs in the period under review, almost triple as compared with 59,821 units in the same period of the previous fiscal year.