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Exports

Indian Automobile Exports Rise 22% YoY in April-June Quarter

Strategic Insights

— 1 min read

Indian automobile exports have surged 22% year-on-year in the April-June quarter, driven by a record shipment of passenger vehicles and a robust growth in segments like two-wheelers and commercial vehicles. The trend marks a significant uptick in exports, with total shipments across segments rising to 14,57,461 units in the first quarter compared to 11,92,566 units in the same period last year. Passenger vehicles saw the highest-ever exports, with 2,04,330 units shipped in the first quarter, a 13% growth from the previous year.

Key Takeaways:

  • Indian automobile exports rose 22% year-on-year in the April-June quarter, driven by a record shipment of passenger vehicles and robust growth in two-wheelers and commercial vehicles.
  • Total exports across segments rose to 14,57,461 units in the first quarter, surpassing the 11,92,566 units shipped in the same period last year.
  • Passenger vehicles saw the highest-ever exports, with 2,04,330 units shipped in the first quarter, a 13% growth from the previous year.
  • Strong performance in the Middle East and Latin America, along with a revival in neighbouring markets like Sri Lanka and Nepal, contributed to the export growth.
  • Growing demand from Japan and increasing exports under FTAs, such as those with Australia, also played a crucial role in the uptick.

Statistics:

  • 22% year-on-year growth in Indian automobile exports in the April-June quarter.
  • Total exports across segments rose to 14,57,461 units in the first quarter, a 22% increase from the previous year.
  • 2,04,330 units of passenger vehicles were exported in the first quarter, a 13% growth from the previous year.
  • The Middle East and Latin America accounted for significant growth, with other markets like Japan and Sri Lanka exhibiting strong demand.

Sources:

  • Society of Indian Automobile Manufacturers (SIAM)

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