Click it and Unblock the Notifications
India Car Exports For May 2024 Records Slight Increase, Volkswagen Virtus Tops
In May 2024, car exports from India increased slightly by 1.42% compared to the previous year, reaching a total of 53,991 units. The Volkswagen Virtus led the export list with 4,185 units shipped. Following closely was the Honda Elevate SUV with 4,051 units.
The Hyundai Verna, which had topped the export list in April, fell to third place in May with 4,047 units exported. Among other notable exports, the Maruti Jimny experienced a remarkable year-on-year growth of 63,980%, while the VW Taigun saw an impressive increase of 1,244.72%.
Decline in Some Models
Despite the overall growth, some models saw a decline in exports. The Maruti Dzire and Baleno were among those that did not perform as well. Additionally, several passenger vehicles failed to surpass the 1,000 unit sales mark. These included the Carens, i20, Sonet, Ertiga, and Eeco.
The Mahindra XUV700 SUV recorded significant year-on-year growth of 667.95%, exporting 599 units in May. This substantial increase highlights the growing demand for this model in international markets.
| Rank | Exports | May'24 | May'23 | Growth (%) YoY |
| 1 | Volkswagen Virtus | 4,185 | 3,099 | 35.04 |
| 2 | Honda Elevate | 4,051 | 0 | - |
| 3 | Hyundai Verna | 4,047 | 1 | 404600 |
| 4 | Hyundai Grand i10 | 3,671 | 2,307 | 59.12 |
| 5 | Maruti Jimny | 3,204 | 5 | 63980 |
| 6 | Maruti Fronx | 2,993 | 0 | - |
| 7 | Hyundai Aura | 2,950 | 1,039 | 183.93 |
| 8 | Nissan Sunny | 2,635 | 1,451 | 81.60 |
| 9 | Honda City | 2,470 | 587 | 320.78 |
| 10 | Maruti Dzire | 2,026 | 2,975 | -31.90 |
Leading Companies
Overall, car exports from India continue to show steady growth. Leading companies such as Maruti Suzuki, Hyundai, Mahindra, and Tata Motors play a significant role in driving this upward trend. Their consistent performance underscores India's growing presence in the global automobile market.
The data reflects a mixed performance across different models and manufacturers. While some models have seen extraordinary growth rates, others have faced challenges in maintaining their export numbers.
This trend indicates that while there is a positive trajectory for Indian car exports overall, individual model performance can vary significantly based on market demand and other factors.
The steady increase in car exports from India showcases the country's expanding footprint in the global automotive industry. With leading manufacturers continuing to innovate and adapt to market needs, this trend is likely to persist.
Continue with Google