Automobile exports from India rose by 19 per cent to surpass an all-time high of 53 lakh units for the financial year that ended March 31, reflecting the growing strength of the country as an auto manufacturing hub.
India’s total vehicle exports touched 53,63,089 units during 2024-25, up from 45,00,494 in the previous financial year, according to figures compiled by the Society for Indian Automobile Manufacturers (SIAM).
Passenger vehicle shipments recorded a robust 15 per cent jump from 7,70,364 units during the financial year compared with 6,72,105 units in 2023-24.
This was the best ever annual performance, driven by demand for global models being manufactured in India. With manufacturing quality improving, some companies have also commenced exporting to developed markets, according to a SIAM statement.