Exports of automobiles increased in the June quarter, according to a report

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Exports of automobiles increased in the June quarter, according to a report

Exports of automobiles increased in the June quarter, according to a report.
Exports of automobiles increased in the June quarter, according to a report.

Following an improvement in the economic situation across many overseas markets, India’s automobile exports recovered in the first quarter, with increases in all vehicle sectors, including passenger vehicles and two-wheelers. According to the latest data from the Society of Indian Automobile Manufacturers (SIAM), total vehicle exports in the April-June quarter of this fiscal year were 14,19,430 units, up from 4,36,500 units in the same quarter of the previous fiscal year, which saw massive disruptions due to Coronavirus lockdowns across the country, hampering sales as well as overseas shipments.

While two-wheeler shipments were stronger than the previous three years, passenger cars, three-wheelers, and commercial vehicles export numbers have still to catch up with those in the first quarter of the 2018-19 fiscal year, according to SIAM Director General Rajesh Menon.

“If we merely compare export data from Q1 of 2021-22 to the preceding three years, two-wheelers did better,” he said, “but total passenger vehicle, three-wheeler, and commercial vehicle shipments were higher in Q1 of 2018-19.”

Passenger vehicle exports from the country were 1,27,115 units in the April-June quarter, compared to 43,619 units in the same quarter in 2020-21. Exports of passenger cars totaled 79,376 units, utility vehicle shipments totaled 47,151 units, and van exports totaled 588 units. Maruti Suzuki India led the passenger vehicle segment with 45,056 units exported during the period, followed by Hyundai Motor India with 29,881 units.

During the quarter, Kia Motors shipped 12,448 vehicles, while Volkswagen India shipped 11,566 units. Exports of two-wheelers increased to 11,37,102 units in April-June, up from 3,37,983 units in the same period in 2020-21. Similarly, commercial exports in the first quarter totaled 16,006 units, up from 3,870 units in 2020-21’s April-June period.

 


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