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Automobile Exports Grew In June Quarter: Report

Automobile exports confirmed progress within the first quarter of the present monetary 12 months

Automobile exports from India recovered within the first quarter with all car segments, together with passenger autos and two-wheelers, witnessing progress following an enchancment within the pandemic state of affairs throughout varied worldwide markets.

As per the newest information supplied by Society of Indian Automobile Manufacturers (SIAM), complete car exports through the April-June quarter of the present monetary 12 months stood at 14,19,430 models as in contrast with 4,36,500 models in the identical interval of 2020-21, which had seen large disruptions because of the Coronavirus lockdowns throughout the nation, hampering gross sales as properly abroad shipments.

SIAM Director General Rajesh Menon stated that whereas two-wheeler shipments had been higher than earlier three years, passenger autos, three-wheelers and business autos export numbers had been but to meet up with numbers within the first quarter of 2018-19 fiscal.

“If we just compare export numbers of Q1 of 2021-22, two-wheelers have done better than previous three years, however, the total number of passenger vehicles, three-wheelers and commercial vehicles exports were higher in Q1 of 2018-19,” he famous.

In the April-June quarter, passenger car exports from the nation stood at 1,27,115 models as towards 43,619 models in the identical interval of 2020-21.

Passenger automotive exports stood at 79,376 models, utility car shipments at 47,151 models whereas van exports had been at 588 models.

Maruti Suzuki India led the passenger car section with exports of 45,056 models adopted by Hyundai Motor India which shipped 29,881 models through the interval.

Kia Motors shipments stood at 12,448 models whereas Volkswagen India chipped in with 11,566 models through the quarter.

Two-wheeler exports rose to 11,37,102 models within the April-June interval as towards 3,37,983 models in the identical interval of 2020-21.

Similarly, business exports through the first quarter stood at 16,006 models as in contrast with 3,870 models within the April-June interval of 2020-21.

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