Indian Passenger Vehicle Industry Sees Near 20% Jump in Exports in First Half of Fiscal Year 2025-2026
The Indian passenger vehicle industry has achieved a significant milestone, with a near 20% jump in exports in the first half of the fiscal year 2025-2026. According to reports, the industry has shipped over 4.5 lakh units, with major players like Maruti Suzuki, Hyundai, Nissan, and Volkswagen contributing to the growth.
Key Takeaways:
- Maruti Suzuki leads the pack in exports, targeting to ship over 4 lakh units in 2025-2026, with its overseas shipments crossing 2 lakh units in the first half.
- Maruti Suzuki is now exporting cars to its parent's home market Japan, with its India-made Jimny being a hit, and has started sales of its first electric car eVitara in export markets.
- Hyundai has seen a 17% growth in exports this year, shipping nearly 1 lakh units against 84,900 units in the first half of the previous fiscal, and plans to make India a key global hub for export of electrics and ICE products.
- Nissan has been exporting the Sunny sedan to the Middle East and the Magnite compact SUV to as many as 65 countries, making India its second-largest export hub in the AMIEO region.
- The industry's growth in exports can be attributed to the quality and cost competitiveness of manufacturing in India.
Statistics:
- 4.5 lakh units exported in the first half of FY26
- 20% jump in exports in the first half of FY26 compared to the previous fiscal
- 2 lakh units shipped by Maruti Suzuki in the first half of FY26
- 1 lakh units shipped by Hyundai in FY26
- 6,000 electric vehicles shipped by Maruti Suzuki in Aug and Sept
- 34,900 units shipped by Hyundai in the first half of the previous fiscal
Sources:
- TIMES NEWS NETWORK New Delhi
- TOI (Times of India)
- Maruti Suzuki
- Hyundai Motors
- Nissan Motors