Car Exports

Maruti Suzuki India is targeting markets like UAE, Saudi Arabia, Chile, Mexico and other Latin American countries with its upcoming new version of compact sedan Dzire to accelerate exports as it eyes over 3 lakh units of overseas shipments this fiscal, a senior company official said on Wednesday. In the domestic market, the company hopes to enhance its share in the sedan market amid the passenger vehicles market shifting towards SUVs (Sports Utility Vehicles), with the new Dzire which is slated for launch next week. "We have been growing (exports) at a rate of about 11.9 per cent in the first seven months of the financial year and we hope to continue on that momentum. So we hope to do more than about 3 lakh car exports within this financial year," Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti told PTI here. In contrast, just about four years ago, the company's exports were below one lakh per year, he added. "So, now we'll be doing about three times of that,

The American automobile giant plans a third entry into India, reviving its Chennai facility in Maraimalai Nagar, with an annual capacity of 200,000 vehicles and 340,000 engines for export

Maruti Suzuki India (MSI) is looking at a significant increase in its overseas shipments by 2030, MD and CEO Hisashi Takeuchi said on Tuesday. Speaking at the 64th annual session of industry body SIAM here, he noted that the automaker's overseas shipments will witness "multiples of growth" in coming years. "There is no reason why India should not target a big pie of global trade. As Maruti Suzuki, I can tell you we are not talking about percentage growth but in terms of multiples of growth. So, our exports from India today are three times of what we had four years ago. Not only that, our exports will be 3 times of today in about 6 years from today," Takeuchi said. The company is already exporting some vehicles back to Japan, he said. Last month Maruti Suzuki commenced export of its sports utility vehicle Fronx to Japan. The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port. Fronx is the first SUV from the MSI stable to be launched in Japan. MS

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Under the new Indian policy, companies can import up to 8,000 cars a year at the lower tax rate

Japanese auto major Honda is all set to introduce its India-made mid-sized SUV Elevate in the Japanese market next year. It would be the first instance that a product manufactured by Honda Cars India Ltd (HCIL), a wholly-owned unit of the Japanese firm, will be exported to the highly regulated Japanese market. HCIL is rolling out Elevate from its Tapukara (Rajasthan-based) production facility. "After its successful debut in India earlier this year, Elevate is scheduled for Spring 2024 launch in the Japanese market under the brand name WR-V," an HCIL spokesperson said in a statement. In a first for HCIL, the model will be manufactured in India and exported to Japan, it added. "This strategic move is a strong reflection of manufacturing capabilities of India operations and also solidifies our vision of making the country a key export hub in Honda business," the spokesperson said. The company's Tapukara-based plant is fully equipped to take care of the domestic as well as export ...

The Indian automobile sector has the potential to become an export-led USD 1 trillion industry by 2035, according to a report. The industry can achieve the size enabled by manufacturing, innovation and technology leadership, as per a report by Arthur D Little. Arthur D Little Managing Partner (India & South Asia) Barnik Chitran Maitra noted that India's automotive industry can become a global hub for design, development, and production, appealing to international markets. To achieve this, players across the industry must upgrade their capabilities for reliable and competitive global manufacturing, he added. "India's strength in automotive software and ER&D (engineering research and development) can thrive by offering solutions aligned with emerging trends like zonal architecture and Advanced Driver Assistance Systems (ADAS). India has the potential to be an automotive innovation leader, with a thriving well-funded startup ecosystem," Maitra said. This highlights the increasing

Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) on Thursday said export of its cars produced at the company's Chakan facility in Pune has crossed 600,000 units mark. SAVWIPL is the Indian subsidiary of German automotive manufacturing giant Volkswagen Group. The company manages India operations of Volkswagen Group brands Skoda, Volkswagen, Audi, Porsche and Lamborghini. The India-made models are finding strong demand in Mexico, Gulf Cooperation Council (GCC) countries, Sub Sahara, North Africa and other Asian markets, further consolidating the group's global footprint, a company statement said. Exports from India are an integral part of our global strategy. Crossing the 600,000 units mark is a significant milestone. India's strategic geographical location and the engineering capabilities here have been a key to our growing exports, said Piyush Arora, Managing Director and CEO at SAVWIPL. Volkswagen Group commenced exports from India in 2011. Polo and Vento models of the Volkswagen b

Czech car maker Skoda Auto has said India will become an export hub for the company as it is set to commence exports of vehicle kits for assembly in Vietnam from next year. The company, which posted a whopping 125 per cent year-on-year surge in its vehicle sales at 53,721 units in 2022, also sounded hopeful of growing into double-digit this year as well. Similarly, Volkswagen Group sales grew 85.48 per cent year-on-year at 1,01,270 units in the previous calendar year. The Group is present through Skoda Auto, Volkswagen, Audi, Porsche and Lamborghini brands under Skoda Auto Volkswagen India Pvt Ltd (SAVWPIL). "India is an absolutely important market as part of our regional strategy of Skoda Auto, and India will become an export hub for Skoda," Petr Solc, Brand Director at Skoda Auto India told PTI in an interaction. Volkswagen is already exporting vehicles from India to Mexico and South Africa while Skoda Auto is exporting to the Middle East and North Africa. From next year we will

Automaker Maruti Suzuki India Ltd on Wednesday said it has crossed the 25 lakh units milestone of cumulative exports since starting overseas shipments in 1986-87. The company, which started exports with shipments to neighbouring markets like Bangladesh and Nepal in 1986-87, said it currently exports to nearly 100 countries, including markets in Africa, Latin America, Asia, and the Middle East. The 2.5 millionth landmark vehicle is a Maruti Suzuki Baleno, shipped from Gujarat's Mundra Port to Latin America, the company said in a statement. "The landmark export of 2.5 million vehicles stands as a testimony to India's manufacturing prowess. This feat demonstrates Maruti Suzuki's resolute commitment to the Government of India's flagship Make-in-India initiative, and furthering the government's efforts to enhance vehicle exports," Maruti Suzuki India Managing Director & CEO Hisashi Takeuchi said. Maruti Suzuki's first big consignment of 500 cars was shipped to Hungary in September ...

So far, over more than 13 years, the Alliance has exported over 1.15 million cars from Kamarajar Port to around 108 global destinations

Iran has signed a Memorandum of Understanding valued at $300 million with Russia for car exports to the country, semi-official Fars news agency reported

The company's two plants in Chennai observed the scheduled biannual maintenance shutdown leading to no production for six days in the month (May 16-21), the automaker said in a statement.

Shipments of Maruti Suzuki and Bajaj Auto vehicles see record jump

The feat has been achieved after a gap of 11 years with new Baleno leading the pack

Hyundai Motor India on Tuesday said its model Creta has led the SUV exports from India in 2021 with dispatches of 32,799 units. Overseas shipments of the model grew 26.17 per cent year-on-year over 2020 when it had dispatched 25 995 units. In total, the automaker noted that it exported 42,238 SUVs last year. "Ever since its global debut, Creta has been a runaway success in domestic and international markets alike. It has been successful in evoking aspirations and has stood the test of time by retaining customer appreciation, thereby playing a strategic role in Hyundai's Global SUV portfolio," Hyundai Motor India Ltd (HMIL) MD & CEO Un Soo Kim said in a statement. With Creta being the most exported SUV from India, it makes Hyundai one of the most loved SUV brands across the company's overseas markets as well, he added. Besides Creta, the automaker exported 7,698 units of Venue and 1,741 units of Creta Grand (Alcazar). Overall, HMIL registered cumulative exports of 1,30,380 units i

Automobile exports in the first half of 2021 achieved the highest performance in seven years despite difficulties in procurement automobile components due to Covid-19 outbreak

India was the top country of origin for vehicle imports into South Africa despite the lengthy Covid lockdowns and overall declines in vehicle sales in 2020, according to the latest 2021 auto report