Passenger Vehicle Exports Zoom 43 Per Cent In FY22; Maruti Suzuki Leads Segment: Siam

Siam said that the country’s largest carmaker, Maruti Suzuki India, is leading the segment with dispatches of over 2.3 lakh units

The total exports passenger vehicle stood at 5,77,875 units in FY21-22, as compared to 4,04,397 units in FY20-21. Image: Getty

New Delhi: Exports of passenger vehicle have increased 43 per cent in FY22, automobile industry body Society of Indian Automobile Manufacturers (Siam) said in its latest report.

According to a report by the PTI, the industry body said that the country’s largest carmaker, Maruti Suzuki India, is leading the segment with dispatches of over 2.3 lakh units.

The total exports of passenger vehicle stood at 5,77,875 units in FY21-22, as compared to 4,04,397 units in FY20-21.

According to Siam data, shipments of passenger car saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last financial year. Exports of vans rose to 1,853 units in FY21-22, from 1,648 units in the FY20-21.

Siam said that Maruti Suzuki India led the vertical in the last financial year, followed by Hyundai Motor India and Kia India at second and third positions, respectively.

Maruti Suzuki India exported 2,35,670 passenger vehicle last financial year, an over twofold increase, as compared to 94,938 units in the FY20-21. The top export markets for Maruti include Latin America, ASEAN, Africa, the Middle East, and neighbouring regions, while its top five export models comprise the Baleno, Dzire, Swift, S-Presso, and Brezza.

Maruti Suzuki’s Managing Director and Chief Executive Officer Hisashi Takeuchi said that the company’s exports rose on the back of robust demand as well as better availability of semiconductors for export oriented units.

“Our total production for the domestic market was restricted because of the semiconductors shortage. Fortunately, we could get more semiconductors for (units meant for) the export market," he said.

Maruti Suzuki’s Executive Director (Corporate Affairs) Rahul Bharti said that over the years the carmaker has developed a healthy export market globally.

"In the past two years, there was a renewed effort to make a quantum increase in our exports... We increased our product offerings, our sales and service network reach and adopted innovative ideas to go closer to the customer," he said, while adding that the Suzuki-Toyota alliance was also helpful in increasing customer reach.

The export figures of Hyundai Motor India stood at 1,29,260 units during the last financial year, up 24 per cent from 1,04,342 from 2020-21. While Kia India’s dispatches were 50,864 units across the globe in the period under review, as compared to 40,458 units in FY20-21.

Volkswagen India exported 43,033 units in FY22, as compared to 31,089 units in FY21. Renault India shipped 24,117 units last fiscal, while Honda Cars chipped in with 19,323 units.