India’s car exports soar by 12-14 pc in FY25
India’s automotive industry achieved a record-breaking milestone in passenger vehicle exports in FY25, highlighting the country’s growing prominence as a global manufacturing hub. Industry estimates indicate that 7,55,000-7,65,000 units were exported during the fiscal year ending March 31, 2025, marking a 12-14% increase from the 6,72,000 units exported the previous year. Maruti Suzuki led the export drive with 3,32,585 units, including shipments to Japan, where models like the five-door Jimny and Fronx were well received. Hyundai Motor India Limited (HMIL) also contributed significantly, exporting approximately 1,63,000 units to key markets such as Saudi Arabia, South Africa, Mexico, Chile and Peru. Maruti Suzuki and Hyundai accounted for nearly two-thirds of India’s total passenger vehicle exports. The Indian government has urged the industry to increase exports to at least 25% of total vehicle production by 2030, compared to 14% in FY23, as per a report.
Source: Exim News Service: New Delhi, April 3