Amid a decline in demand for passenger cars in the domestic market, leading companies in the automobile industry are witnessing significant growth in exports.
In the financial year 2024–25, the industry recorded a 15% increase in total exports, whereas domestic sales grew by only 2%. This indicates a rising demand for Indian automobile companies’ cars in international markets.
Maruti Suzuki, a leader in the passenger car segment, is aiming to capture a 50% share of India’s total passenger vehicle exports. In the previous financial year, Maruti exported 3,32,585 vehicles.
In the current financial year, it expects to export over 4,00,000 vehicles, reflecting a 20% increase. Hyundai Motor India exported around 1,63,386 vehicles in FY2025 and is now targeting a 7–8% growth in exports.
Maruti and Hyundai dominate India’s vehicle exports. Maruti holds a 43% market share, while Hyundai’s market share stands at 21%. Interestingly, other major automakers also reported notable growth in exports during FY25. This surge has significantly helped offset weak domestic sales.
Nissan Motor saw a massive 66% increase in exports, even as its domestic sales fell by 8%. Honda Cars saw a 24% decline in domestic sales, but a remarkable 60% rise in exports. Similarly, Volkswagen’s exports grew by 12% despite a 2% drop in domestic sales.
Maruti’s major export markets include Africa, Japan, Chile, Saudi Arabia, and Mexico. Maruti’s total domestic sales declined by 5% in May 2025, falling to 1,48,858 vehicles, while its exports surged 80% to 31,219 vehicles. Hyundai Motor India’s monthly domestic sales dropped by 11% to 43,861 vehicles, while its exports rose 3% to 14,840 vehicles.
