India car exports increased by 19 percent to more than 53 Lakh units in the last fiscal year 2024-25 conducted by a robust demand for passenger vehicles, two wheels and commercial vehicles in foreign markets. The general exports The last prosecutors were 53.63 Lakh (53.63,089) units compared to 45 Lakh units (45.00.494) in 2023-24 Fiscal completion on March 31, 2024.
Shipments of passenger vehicles increased by 15 percent to 7,70,364 units the last prosecutor compared to 6,72,105 units in the fiscal year24.
The segment reported that its best annual performance is always the last prosecutor promoted by the demand for global models that were manufactured in India, the Siam Industry Agency Siam gave the view.
With the improvement of manufacturing quality, some companies have also praised export to developed markets, he added.
The shipments of public service vehicles led the space with office or 3,62,160 units, a 54 percent growth, compared to 2,34,720 units in the fiscal year24.
Two-wheeled exports increased by 21 percent to 41,98,403 units the last prosecutor compared to 34,58,416 units in 2023-24 fiscal.
The new models and the new markets have helped expand the two -wheel export footprint, Siam said.
In addition, economic stability in the African region and demand in Latin America has supported this growth, he added.
Three-wheel exports grew by 2 percent in fiscal year 2024-25 compared to fiscal year 2023-24 with a shipment of 3.1 Lakh units.
Commercial vehicle exports 23 percent last year to 80,986 units compared to 65,818 units in the previous year.
Siam said that the demand for export in markets of key interest, such as Africa and neighboring countries, is likely to continue as vehicles “made in India” are gaining ground.
“In the front of exports, good recovery is observed in all segments, partly passenger vehicles and two wheels that reflect a better global demand and the growing competitiveness of India,” said Siam president Shamesh Chandra.
