MUMBAI: According to the Society of Indian Automobile Manufacturers (SIAM) data, passenger vehicle exports rose by 1.15 percent to 37,187 units in January compared to 36,765 units in January 2020. Notably, passenger vehicle shipments from India rose last month for the first time post-COVID pandemic, pointing towards demand recovery in some of the major export markets for Indian automakers.

In April-January, passenger vehicle shipments were still down by 43.1 percent at 3,28,360 units as against 5,77,036 units in the same period of 2019-20 financial year.

"While exports of passenger vehicles for the April-January 2021 period is down by 43.1 percent, the growth of 1.15 percent in January 2021 over the previous year, makes it the first month of growth in passenger vehicle exports, post the pandemic," SIAM Director General Rajesh Menon stated.

In January, Maruti Suzuki India (MSI) led the segment with export of 12,345 units, up 29.92 percent. It was followed by Hyundai Motor India which shipped 8,100 units last month, down 19 percent from the same month last year.

Nissan Motor India exported 4,198 units in January, followed by Kia Motors and Ford India with 3,618 and 2,983 units respectively.  Maruti has shipped 72,166 units in the period under review, down 15.55 percent as compared with the April-January period of 2019-20 fiscal. Ford India (42,758), Kia Motors (32,138), General Motors India (28,619), Volkswagen India (28,368) and Nissan (21,938) were the other major passenger vehicle exporters from the country during the current fiscal so far.

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