Automobile exports improve in Q1 amid improving pandemic situation globally
Automobile exports from India improved in Q1 with all vehicle segments including passenger vehicles and two-wheelers improving after the pandemic situation improved in various international markets.
As per the latest data from SIAM, total vehicle exports during the April-June quarter in this fiscal stood at 14,19,430 units as against 4,36,500 units in the same period of 2020-21, with the entire country in the midst of the COVID lockdown. The reason was large-scale disruption. country, hindering sales as well as overseas shipments.
SIAM Director General Rajesh Menon told PTI that two-wheeler shipments were better than the previous three years, but the export numbers of passenger vehicles, three-wheelers and commercial vehicles were yet to catch up with the numbers in the first quarter of FY 2018-19. .
“If we compare the export numbers of Q1 of 2021-22, two-wheelers have outperformed as compared to the last three years, however, the total number of exports of passenger vehicles, three-wheelers and commercial vehicles in the first quarter of 2018-19 more,” he noted.
In the April-June quarter, passenger vehicle exports from the country stood at 1,27,115 units as against 43,619 units in the same period of 2020-21.
Passenger car exports stood at 79,376 units, utility vehicle shipments 47,151 units while van exports stood at 588 units.
Maruti Suzuki India led the passenger vehicle segment with exports of 45,056 units, followed by Hyundai Motor India with exports of 29,881 units during the period.
Kia Motors shipped 12,448 units during the quarter, while Volkswagen India sold 11,566 units.
Two-wheeler exports rose to 11,37,102 units in the April-June period as against 3,37,983 units in the same period of FY15.
Similarly, commercial exports stood at 16,006 units during the first quarter, as compared to 3,870 units in the April-June period of 2020-21.
Tata Motors led the segment with shipments of 6,653 units, followed by Mahindra & Mahindra with 3,931 units.
Three-wheeler exports increased to 1,37,582 units during the period under review as against 50,631 units in the first quarter of 2020-21.
Domestic wholesales across categories stood at 31,80,039 units in the first quarter as against 14,92,612 units in the April-June period of 2020-21.
In comparison, the total dispatches in the domestic market stood at 60,84,478 units in the first quarter of the financial year 2019-20.
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