Date: 11/06/2024

India’s export of PVs up

India’s export of passenger vehicles rose by 268,000 units in the last four financial years, with Maruti Suzuki India accounting for nearly 70 per cent of the incremental shipments during the period. As per industry data, passenger vehicle exports in the 2020-21 fiscal stood at 404,397 units. It rose to 577,875 units in the 2021-22 fiscal year and to 662,703 units in the 2022-23 financial year. Last fiscal, exports stood at 672,105 units, an increase of 267,708 units since 2020-21. As per SIAM data, overall PV exports stood at 672,105 units in FY24, an increase of 1.4 per cent over 662,703 units in FY2023. In the last three fiscal years, Maruti Suzuki has accounted for 70 per cent of the incremental 267,708 units across the industry which were shipped to overseas markets. The auto major’s export shipment increased by 185,774 units between FY21 and FY24, as per a report.
Source: Exim News Service: New Delhi, June 10