Chennai: India's automobile exporters began the new fiscal year in buoyant form, with shipments of locally made cars, utility vehicles, and two-wheelers rising at a double-digit pace in April, despite logistical snarls triggered by tensions in West Asia. For now, exporters point out that diversification across markets is cushioning the blow.
Passenger Vehicle Exports Lead the Way
Passenger vehicle (PV) exports were led by utility vehicles, whose shipments rose 13% year-on-year to 35,289 units in April. Car exports climbed 12% to 31,335 units, reflecting strong demand from overseas markets. The growth in PV exports underscores the resilience of India's automotive sector amid global uncertainties.
Two-Wheelers Outperform
Two-wheelers fared even better, with motorcycle exports surging 36% to 426,000 units and scooter exports jumping 50% to 80,810 units. The robust performance of two-wheelers highlights their popularity in emerging markets and the effectiveness of export diversification strategies adopted by manufacturers.
Market Diversification Mitigates Risks
Exporters attribute the sustained growth to a broad-based market presence, which helps offset disruptions in specific regions. While West Asia tensions have caused logistical delays, companies have managed to reroute shipments and tap into alternative markets to maintain momentum. Industry experts believe that continued focus on expanding export footprints will support future growth.
The positive start to the fiscal year bodes well for India's auto export sector, which aims to build on last year's achievements. With new models and increased production capacity, manufacturers are optimistic about sustaining double-digit growth in the coming months.
