Automobile exports soar 19 pc in 2024
India’s automobile exports rose 19% year-on-year in 2024 led by a robust despatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19% from 42,85,809 units exported in 2023. In 2024, passenger vehicle exports grew 10% to 7,43,976 units as compared to 6,77,956 units in the January-December period of 2023. Utility vehicle shipments rose 33% year-on-year to 3,23,621 units while van shipments also jumped 14% annually to 8,207 units. Two-wheeler exports rose 23% to 39,77,162 units as compared to 32,43,673 units shipped in 2023, led by motorcycles which grew by 24% to 33,97,586 units, as per a report.
Source: Exim News Service: New Delhi, Jan. 27