Society of Indian Automobile Manufacturers (SIAM) in its latest report has said that automobile exports from India rose 15.5 per cent year-on-year in the June quarter (Q1FY25) with all verticals, barring three-wheelers, recording growth in shipments. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal.
Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Two-wheeler exports stood at 9,23,148 units in the first quarter, up 17 per cent as against 7,91,316 units in the year-ago period. Commercial vehicle shipments rose 8 per cent year-on-year to 15,741 units in the first quarter as compared with 14,625 units a year earlier. Three-wheeler shipments, however, saw a drop of 3 per cent year-on-year to 71,281 units in the April-June period this year as against 73,360 units in the year-ago period.
Automobile exports from India had declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets. Overall exports stood at 45,00,492 units in the last fiscal year as compared with 47,61,299 units in FY23.
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