The demand for Indian cars is once again increasing all over the world. According to a recent report by the Society of Indian Automobile Manufacturers (SIAM), India's automobile exports have grown by 14% over last year. Between April and September, Indian companies sold 25,28,248 vehicles in the foreign market. The figure was 22,11,457 in the same period last year.
Maruti Suzuki Top Exporter- Exports grew by 12% Maruti Suzuki, the country's largest car manufacturer, topped the list by exporting 1,47,063 vehicles between April and September. The figure was 1,31,546 in the same period a year ago. There has been an increase of 12 percent year-on-year.
Two-wheeler export 19.59 lakhs, up 16% Two-wheelers exports rose 16% year-on-year to 19,59,145 during April to September in the current financial year from 16,85,907 in the same period a year ago. 34.59 lakh two-wheelers were exported from the Indian market in the entire financial year 2024.
of total passenger cars Exports increased by 12% to 3.77 lakh Total passenger vehicle shipments rose 12% year-on-year to 3,76,679 in the first half of the current fiscal compared to 3,36,754 in the September quarter of FY24.
Hyundai Motor India's total export Decreased by 1% compared to last year Hyundai Motor India's total exports fell 1% to 84,900 units in the April-September period compared to last year. In April-September 2023, the company exported 86,105 vehicles.
of a scooter export 19% growth to 3,14,533 Scooter exports increased by 19% to 3,14,533 in the April-September period. While the export of motorcycles has increased by 16% to 16,41,804. Exports of commercial vehicles also stood at 35,731 during this period. There was also an increase of 12% year-on-year.
Total exports in FY 2023-24 5.5% less Due to the ongoing conflict and financial crisis around the world, auto exports have registered a decline of 5.5% in the financial year 2023-24. A total of 45,00,492 vehicles were shipped from India to the global market during this period. While in the financial year 2022-23 this number was 47,61,299.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
