
Summary:
India’s vehicle exports increased by 19% year-on-year in 2024, reaching 50,98,810 units, up from 42,85,809 in 2023. The growth was fueled by strong exports of two-wheelers, passenger cars, and trucks. SIAM's Rajesh Menon highlighted the rise in demand from countries in Latin America and Africa.
Passenger car exports rose by 10% in 2024, totaling 7,43,976 units, up from 6,77,956 in 2023. Utility vehicle exports increased by 33%, totaling 3,23,621 units, while van exports grew by 14% to 8,207 units. However, passenger car shipments dropped by 4%. Two-wheeler exports saw a 23% increase, with motorcycles rising by 24%. Scooter exports reached 5,73,230 units, moped exports grew by 89%, and commercial vehicle exports rose by 6%.
Source: IBEF
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