Auto Exports: India’s automobile sector has performed brilliantly in the July-September quarter. During this period, the country’s vehicle export increased by 26 percent and crossed 16.85 lakh units. In the same quarter last year, this figure was 13.35 lakh units. This growth shows that vehicles made in India are becoming increasingly popular in foreign markets.
Car exports increased by 20.5 percent in the second quarter
During the second quarter, car exports increased by 20.5 percent to 1,25,513 units, whereas in the same quarter last year this figure was 1,04,196 units. At the same time, the shipment of utility vehicles in foreign markets has increased by 26 percent to 1,13,374 units.
Maruti-Suzuki on top
Van segment vehicle exports recorded a growth of 39 percent on an annual basis, although this number remained at 2,667 units. The country’s largest carmaker Maruti Suzuki India topped the list with exports of 2,05,763 units, while Hyundai Motor India stood second with 99,540 units.
Two-wheeler exports increased by 25 percent
Exports of two-wheelers increased by 25 percent to 12,95,468 units in the July-September quarter, as against 10,35,997 units in the second quarter of last year. In the segment, motorcycle exports grew 27 per cent to 11,08,109 units during the quarter, while scooter exports grew 12 per cent to 1,77,957 units.
Mo-paid exports are also increasing rapidly in the foreign market and in the second quarter the exports have increased more than four times to 9,402 units, whereas in the same period last year it was 2,028 units. Exports of three-wheelers have increased by 51 percent to 1,23,480 units during the July-September quarter as compared to the same period last year.
Export of commercial vehicles also increased
Total commercial vehicle exports increased by 22 percent to 24,011 units as compared to the same quarter last year, which shows double digit growth. SIAM President Shailesh Chandra said the strong export growth across all segments in the July-September quarter reflects the growing brand acceptance of Indian-made vehicles.