Car exports rise 131% in April-July, Maruti Suzuki ahead of Hyundai, VW jumps to third place
With global markets having opened, Indian OEMs post strong numbers but the semiconductor shortage could prove to be a spoilsport.
21 Aug 2021
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In what is a good indicator of demand for made-in-India passenger vehicles and also marking the opening of global markets, PV exports have risen by 131% year on year in the April-July 2021 period. A total of 179,434 units were shipped overseas in the first four months of FY2022 (April-July 2020: 77,802).
The export mantra per se remains a winner: not only is it a high-margin revenue earner but it keeps the manufacturing plant buzzing even in stressful times in the domestic market. Here’s looking at the top performers in the fiscal year to date.
No. 1: Maruti ...
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