FY22 exports help cushion sharp drop in domestic auto sales

In a year overshadowed by supply constraints, and fuel price hikes, and an economy emerging from the Covid, domestic auto sales bore the brunt with sales at six-year lows but on the exports front, Auto India Inc had much to cheer. Exports for all segments rose by 37 percent with the CV segment leading the charge.

PVs and two-wheelers had their place in the sun with Maruti emerging as the lead player in cars exports and Bajaj Auto continuing to hold the No 1 export slot for both two- and three wheelers. SIAM President Kenichi Ayukawa said, ...