Key Points
- India’s vehicle exports soared 22% year-on-year in the April–June (Q1) quarter of FY2025-26, according to SIAM.
- Total vehicle exports reached 14,57,461 units, up from 11,92,566 in the same period last year.
- Passenger vehicle exports hit a new record at 2,04,330 units, an increase of 13%.
- Maruti Suzuki led the segment, exporting 96,181 cars a 37% jump capturing over 47% share of passenger vehicle exports.
- Hyundai Motor India exported 48,140 vehicles, registering a 13% year-on-year growth.
- Two-wheeler exports climbed 23% to 11,36,942 units, and commercial vehicle exports increased 23% to 19,427 units.
- Three-wheeler exports rose 34% to 95,796 units.
- Growth is attributed to strong demand in West Asia, Latin America, improving orders from Sri Lanka and Nepal, increased Japanese demand, and benefits from new trade agreements like the Australia FTA.
New Delhi: India’s automobile industry is riding a wave of export success, clocking an impressive 22% year-on-year growth in vehicle exports for the April–June quarter (Q1) of FY2025-26. Data shared by the Society of Indian Automobile Manufacturers (SIAM) reveals a stellar performance across passenger cars, two-wheelers, commercial vehicles, and three-wheelers propelled by robust global demand and strategic trade partnerships.
Record-Breaking Vehicle Exports in Q1 FY26
- Overall vehicle exports soared to 14,57,461 units in Q1, significantly up from 11,92,566 units a year earlier.
- Passenger vehicle exports set a new quarterly record at 2,04,330 units, reflecting stable demand in key international markets and a 13% growth rate.
- Two-wheeler exports reached 11,36,942 units, up 23% year-on-year a testament to India’s dominance in this segment.
- Commercial vehicle shipments grew 23%, hitting 19,427 units, while three-wheeler exports saw a substantial 34% rise to 95,796 units.
Maruti Suzuki Leads Export Surge
India’s largest carmaker, Maruti Suzuki, remained the export front-runner by shipping 96,181 passenger vehicles during the quarter—a massive 37% jump over last year’s 69,962 units.
Rahul Bharti, Senior Executive Officer (Corporate Affairs) at Maruti Suzuki, highlighted:
“We have consistently led India’s passenger vehicle exports for four years. Our export share reached an all-time high of over 47% in Q1 FY2025-26. With continued global trust in the Maruti brand, we are confident of maintaining our leadership.”
Notably, industry data shows Maruti Suzuki’s export performance outpaced the sector, with the company growing 37% against a 2% industry decline (excluding Maruti).
Hyundai and Others Maintain Momentum
Hyundai Motor India also posted solid growth, exporting 48,140 vehicles a 13% increase from Q1 last year. This further cements Hyundai’s position as a top Indian auto exporter.
Why Are Indian Exports Soaring?
SIAM attributed the surge to:
- Sustained demand in West Asia and Latin America
- Improved market conditions in Sri Lanka and Nepal
- Increased demand from Japan
- The Australia FTA, which unlocked fresh export opportunities
Manufacturers and analysts believe export growth will remain stable as India continues to diversify its automotive markets and benefit from favorable trade agreements.
With solid demand across regions and Indian automakers rapidly expanding their global footprint, the country’s auto exports are on track for another record year. Policymakers are urging the sector to continue quality improvements and leverage free-trade agreements to further scale up exports.
Experts forecast steady double digit export growth for the coming quarters bolstering India’s position as a leading player in the global automotive supply chain.
