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Passenger vehicle exports up 15% in FY23

BNE News Desk


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New Delhi: India’s passenger vehicle exports rose 15% in FY23 with Maruti Suzuki India leading the segment with dispatches of over 2.5 lakh units, data by industry body Society of Indian Automobile Manufacturers (SIAM) showed.
The total passenger vehicle (PV) exports stood at 6,62,891 units in FY2022-23 as compared to 5,77,875 units in FY2021-22.

Passenger car shipments saw a 10% growth at 4,13,787 units, while utility vehicle exports rose 23% at 2,47,493 units during the last fiscal, the SIAM data said.

Exports of vans, however, declined to 1,611 units last fiscal, from 1,853 units in 2021-22.

Maruti Suzuki India (MSI) led the exports last fiscal in the passenger vehicle segment followed by Hyundai Motor India and Kia India. MSI exported 2,55,439 PVs last fiscal, an 8 per cent increase as compared to 2,35,670 units in the 2020-21 fiscal year.

Hyundai Motor India's overseas dispatches stood at 1,53,019 units last fiscal, up 18% from 1,29,260 units in 2021-22. Similarly, Kia India exported 85,756 units across global markets in the period under review as compared to 50,864 units in 2021-22.

Nissan Motor India shipped 60,637 units; Renault India 34,956 units; Volkswagen India 27,137 units in FY23. Honda Cars India exported 22,710 units, while Mahindra & Mahindra chipped in with 10,622 units in 2022-23.

Overall automobile exports from India last fiscal stood at 47,61,487 units, down 15% from 56,17,359 units in 2021-22.

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BNE News Desk