PV Exports surge by 268K units in 4 years; Maruti leads gain

Passenger vehicle exports from India increased by 268,000 units over the past four financial years, with Maruti Suzuki India contributing nearly 70 percent of the additional shipments during this period.

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According to industry data, exports reached 404,397 units in the Pfrom India fiscal year 2020-21, rising to 577,875 units in 2021-22 and further to 662,703 units in 2022-23.

Last fiscal, exports stood at 672,105 units, an increase of 267,708 units since 2020-21.

In the last three fiscal years, Maruti Suzuki has accounted for 70 per cent of the incremental 267,708 units across the industry which were shipped to overseas markets.