General exports stood at 45,00,492 models within the final fiscal in comparison with 47,61,299 models in FY23.
Commenting on the drop in abroad shipments final fiscal, SIAM President Vinod Aggarwal mentioned the scenario stays risky in numerous abroad markets.
“A number of the nations, the place we’re very robust with industrial car and two-wheeler exports, have been dealing with overseas exchange-related points,” he famous.
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The final fiscal noticed a sizeable drop in industrial car, two-wheeler and three-wheeler shipments, though passenger automobiles grew marginally.
Nonetheless, within the January-March quarter this 12 months, we’ve seen good restoration, particularly for two-wheelers, indicating higher potential for the remainder of the 12 months, he mentioned.
“We’re very hopeful that going ahead, the scenario will enhance,” Aggarwal added.
Within the passenger car section, exports elevated 1.4 per cent to six,72,105 models in FY24 from 6,62,703 models in FY23.
Maruti Suzuki led the section with the cargo of two,80,712 models towards 2,55,439 models in 2022-23.
Hyundai Motor India exported 1,63,155 models final fiscal. It had shipped 1,53,019 models in FY23. Kia Motors exported 52,105 models, whereas Volkswagen India shipped out 44,180 models final fiscal.
Nissan Motor India and Honda Automobiles chipped in with shipments of 42,989 and 37,589 models, respectively, within the 2023-24 fiscal.
Two-wheeler exports witnessed a dip of 5.3 per cent final fiscal at 34,58,416 models in comparison with 36,52,122 models in 2022-23.
Equally, industrial car shipments dropped 16 per cent to 65,816 models towards 78,645 models in FY23.
Three-wheeler exports declined 18 per cent to 2,99,977 models final fiscal in comparison with 3,65,549 models within the 2022-23 monetary 12 months.
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