Comments
Passenger vehicle exports from India increased 2 per cent in the second quarter, with Maruti Suzuki India leading the segment with dispatches of over 1.31 lakh units, as per the latest data by Society of Indian Automobile Manufacturers.
The total passenger vehicle (PV) exports stood at 1,60,590 units in Q2 FY23 as compared with 1,57,551 units in the same period a year ago.
Passenger car shipments saw a 5 per cent dip at 97,300 units, while utility vehicle exports rose 16 per cent at 63,016 units during the period under review.
Export of vans declined to 274 units in the September quarter as compared with 297 units in Q2 FY22.
Related Stories
Personal vehicles accelerate to record highest-ever monthly sales in September
Sees strong festival season demandTop exporters
Maruti Suzuki India (MSI) led the segment during the period, followed by Hyundai Motor India and Kia India at the second and third positions, respectively.
MSI, the country's largest carmaker, exported 1,31,070 PVs in the period under review, as compared with 1,03,622 units in the same period of the previous fiscal year, with its top five export models comprising Baleno, Dzire, Swift, S-Presso and Brezza.
Hyundai Motor India's foreign dispatches stood at 74,072 units Q2, up 11 per cent from 66,994 units in the year-ago period.
Similarly, Kia India exported 44,564 units across global markets in the period under review as compared with 23,213 units in the last fiscal year.
Nissan Motor India shipped 25,813 units in the period under review. Renault exported 18,614 units while Honda Cars India shipped 13,326 units in the July-September quarter.
Volkswagen India exported 9,641 units in the July-September period.
In Q2, overall automobile exports came down to 12,54,560 units from 14,10,711 units in the year ago period.
SIAM President Vinod Aggarwal said that with the US dollar gaining strength, various countries in Asia and Latin America have been forced to bring in import restrictions to safeguard foreign exchange.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.