Summary:
India’s automotive industry reached a historic milestone in FY25, setting a new benchmark for passenger vehicle exports and reinforcing the nation’s status as a key global manufacturing hub. According to industry estimates, exports for the fiscal year ending March 31, 2025, ranged between 7,55,000 and 7,65,000 units, an impressive 12-14% increase from the 6,72,000 units shipped in the previous year. Maruti Suzuki spearheaded this export growth, shipping 3,32,585 units, including popular models like the five-door Jimny and Fronx, which gained traction in Japan. Hyundai Motor India Limited (HMIL) also played a crucial role, exporting around 1,63,000 vehicles to major international markets, including Saudi Arabia, South Africa, Mexico, Chile and Peru. Together, Maruti Suzuki and Hyundai accounted for nearly two-thirds of India’s total passenger vehicle exports.
As India cements its position in the global automotive trade, manufacturers are ramping up their export-driven strategies. Maruti Suzuki has set an ambitious goal to triple exports by 2030, backed by a Rs. 45,000 crore (US$ 5.27 billion) investment aimed at doubling its annual production capacity to four million units, with 8,00,000 units earmarked for overseas markets. Hyundai, too, plans to scale up shipments, leveraging its upcoming second manufacturing plant in Talegaon. The Indian government has called on the industry to increase exports to at least 25% of total vehicle production by 2030, up from 14% in FY23. This export push comes at a time of intensifying global competition, particularly from China, which saw record-breaking vehicle exports of 5.86 million last year, largely driven by the growing demand for new energy vehicles.
Source: IBEF
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