In 2024, passenger vehicle exports grew 10% to 7,43,976 units as compared to 6,77,956 units in January-December period of 2023.Automobile exports from India rose 19% year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19% from 42,85,809 units exported in 2023.
"Last year saw revival in demand for the Indian automobiles from emerging markets like Latin America and Africa," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told PTI when asked about reasons for exports growth last year.
In 2024, passenger vehicle exports grew 10% to 7,43,976 units as compared to 6,77,956 units in January-December period of 2023.
Utility vehicle shipments rose 33% year-on-year to 3,23,621 units while van shipments also jumped 14% annually to 8,207 units.
Passenger car dispatches, however, declined 4% last year to 4,12,148 units as compared to 4,27,876 units in 2023.
Two-wheeler exports rose 23% to 39,77,162 units as compared to 32,43,673 units shipped in 2023, led by motorcycles which grew by 24% to 33,97,586 units.
Scooter shipments rose to 5,73,230 units last year from 4,91,329 units in 2023.
Besides, moped exports rose to 6,346 units last year, registering an annual growth of 89% .
Commercial vehicle shipments witnessed a growth of 6% last year at 72,511 units as against 68,473 units in 2023.
Three-wheeler shipments grew by 2% to 2,98,235 units as against 2,91,919 units in 2023.
