Passenger vehicle exports from India recorded a robust 18 per cent year-on-year growth during the April–September period of FY25. The growth was driven by strong global demand, particularly from the Middle East and Latin America.
According to data released by the Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle shipments stood at 4,45,884 units in the first half of the current fiscal year, up from 3,76,679 units in the same period last year.
Passenger car exports rose 12 per cent to 2,29,281 units, while utility vehicle shipments increased 26 per cent to 2,11,373 units. Van exports also saw a significant jump of 36.5 per cent, reaching 5,230 units in the first half of FY25.
Leading the segment, Maruti Suzuki India exported 2,05,763 units, marking a strong 40 per cent growth from 1,47,063 units in the corresponding period of the previous year. Hyundai Motor India followed with 99,540 units, up 17 per cent year-on-year, while Nissan Motor India shipped 37,605 units, compared with 33,059 units a year ago.
Other key exporters included Volkswagen India (28,011 units), Toyota Kirloskar Motor (18,880 units), Kia India (13,666 units), and Honda Cars India (13,243 units).
SIAM attributed the export surge to stable global demand and market diversification, with Indian automakers registering growth in 24 countries, including Korea, UAE, Germany, Togo, Egypt, Vietnam, Iraq, Mexico, Russia, Kenya, Nigeria, Canada, Poland, Sri Lanka, Oman, Thailand, Bangladesh, Brazil, Belgium, Italy, and Tanzania.
However, exports to the United States witnessed a decline in September due to higher tariffs, the SIAM noted.
The steady growth underscores India’s expanding footprint in global automobile markets and highlights the country’s strengthening position as a key hub for small and mid-size passenger vehicle exports.