Passenger vehicle exports from India rise 43% in FY22; Maruti Suzuki leads segment

Total passenger vehicle exports stood at 5,77,875 units in 2021-22 fiscal

Passenger vehicle exports from India increased 43% in FY22, with Maruti Suzuki India leading the segment with dispatches of more than 2.3 lakh units, as per the latest data by industry body SIAM.

The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21.

Passenger car shipments saw 42% growth at 3,74,986 units, while utility vehicle exports rose 46% at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.

Exports of vans rose to 1,853 units in 2021-22 fiscal, from 1,648 units in the 2020-21 fiscal year.

Maruti Suzuki India (MSI) led the vertical last fiscal, followed by Hyundai Motor India and Kia India at second and third positions, respectively.

MSI, the country's largest carmaker, exported 2,35,670 PVs last fiscal, an over twofold increase, as compared to 94,938 units in the 2020-21 fiscal year.

MSI's top PV export markets include Latin America, ASEAN, Africa, the Middle East and neighbouring regions, while its top five export models comprise Baleno, Dzire, Swift, S-Presso and Brezza.