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Maruti Suzuki becomes the largest car exporter from India in FY22

BNE ADMIN


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New Delhi: Automobile major Maruti Suzuki is on course to become the largest car exporter from India in FY22.

The feat has been achieved after a gap of 11 years with new Baleno leading the pack. The automaker exported 2,05,450 units in the calendar year 2021.

In a with IANS, Maruti Suzu ki India's Senior Executive Director, Sales and Marketing, Shashank Srivastava said the company already shipped out almost 2,06,000 units to foreign markets in the calendar year 2021.

"This financial year also we should be doing something like 2,20,000 units. Maruti is now the largest exporter of cars in India," he said. Besides exports, the other driver for demand, according to Srivastava, will come from the high capex announced in the Union Budget FY23. "There is no doubt that increased capex capital will ultimately benefit the industry.

Furthermore, the reopening of contact in tensive sectors, such as education, is also expected to give demand a push, he said.

"A lot of the demand should come back from the reopening of institutions across the country. Once the normalcy starts returning, it is expected to help us get back to the normal economy." - IANS

BNE ADMIN