Automobile exports from India recovered within the first quarter with all car segments, together with passenger automobiles and two-wheelers, witnessing progress following an enchancment within the pandemic state of affairs throughout varied worldwide markets.
As per the newest SIAM knowledge, complete car exports in the course of the April-June quarter this fiscal stood at 14,19,430 items as in contrast with 4,36,500 items in the identical interval of 2020-21 which noticed large disruptions because of the COVID lockdowns throughout the nation, hampering gross sales as properly abroad shipments.
SIAM Director General Rajesh Menon informed PTI that whereas two-wheeler shipments have been higher than earlier three years, passenger automobiles, three-wheelers and industrial automobiles export numbers have been but to meet up with numbers within the first quarter of 2018-19 fiscal.
“If we simply examine export numbers of Q1 of 2021-22, two-wheelers have done better than previous three years, however, the total number of passenger vehicles, three-wheelers and commercial vehicles exports were higher in Q1 of 2018-19,” he famous.
In the April-June quarter, passenger car exports from the nation stood at 1,27,115 items as in opposition to 43,619 items in the identical interval of 2020-21.
Passenger automotive exports stood at 79,376 items, utility car shipments at 47,151 items whereas van exports have been at 588 items.
Maruti Suzuki India led the passenger car phase with exports of 45,056 items adopted by Hyundai Motor India which shipped 29,881 items in the course of the interval.
Kia Motors shipments stood at 12,448 items whereas Volkswagen India chipped in with 11,566 items in the course of the quarter.
Two-wheeler exports rose to 11,37,102 items within the April-June interval as in opposition to 3,37,983 items in the identical interval of FY20.
Similarly, industrial exports in the course of the first quarter stood at 16,006 items as in contrast with 3,870 items within the April-June interval of 2020-21.
Tata Motors led the phase with cargo of 6,653 items adopted by Mahindra & Mahindra with 3,931 items.
Three-wheeler exports rose to 1,37,582 items within the interval underneath assessment as in opposition to 50,631 items within the first quarter of 2020-21.
Domestic wholesales throughout all classes within the first quarter stood at 31,80,039 items as in contrast with 14,92,612 items within the April-June interval of 2020-21.
Comparatively, complete dispatches within the home market stood at 60,84,478 items within the first quarter of 2019-20 monetary 12 months.