Team Blitz India
NEW DELHI: Made-in-India car exports are set to touch pre-Covid levels, amid an increase in demand for models such as the Hyundai Creta, Maruti Suzuki Grand Vitara, Kia Seltos and Mahindra XUV700 from customers in Australia, Latin America and Southeast Asia.
According to industry estimates, Indian carmakers are set to ship more than 675,000 vehicles in the fiscal year that ends March 31, recovering from a low of 404,000 reported in the aftermath of the pandemic in FY21. Around 663,000 cars were exported from the country in the last financial year.
Vehicle exports were dominated byMaruti Suzuki and Hyundai, which together accounted for two-thirds of all cars shipped out of the country. Homegrown auto makers like Tata Motors and Mahindra & Mahindra had a modest share of 0.4% and 2%, respectively, as per industry data.Kia, Volkswagen and Nissan feature among the top five carmakers exporting from India with a share of 9%, 7% and 6%, in that order.
