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Automobile Exports Grew In June Quarter: Report

Car exports confirmed development within the first quarter of the present monetary 12 months

Car exports from India recovered within the first quarter with all car segments, together with passenger automobiles and two-wheelers, witnessing development following an enchancment within the pandemic state of affairs throughout numerous worldwide markets.

As per the newest information supplied by Society of Indian Car Producers (SIAM), whole car exports throughout 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 effectively abroad shipments.

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

“If we simply evaluate export numbers of Q1 of 2021-22, two-wheelers have performed higher than earlier three years, nonetheless, the full variety of passenger automobiles, three-wheelers and business automobiles exports had been greater in Q1 of 2018-19,” he famous.

Within 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 automobile 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 throughout the interval.

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

Equally, business exports throughout 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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