“Last year saw revival in demand for the Indian automobiles from emerging markets like Latin America and Africa,” Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told PTI when asked about reasons for exports growth last year.
In 2024, passenger vehicle exports grew 10 per cent to 7,43,976 units as compared to 6,77,956 units in January-December period of 2023.
Utility vehicle shipments rose 33 per cent year-on-year to 3,23,621 units while van shipments also jumped 14 per cent annually to 8,207 units.
Passenger car dispatches, however, declined 4 per cent last year to 4,12,148 units as compared to 4,27,876 units in 2023.
Two-wheeler exports rose 23 per cent to 39,77,162 units as compared to 32,43,673 units shipped in 2023, led by motorcycles which grew by 24 per cent to 33,97,586 units. Scooter shipments rose to 5,73,230 units last year from 4,91,329 units in 2023. Besides, moped exports rose to 6,346 units last year, registering an annual growth of 89 per cent.
Commercial vehicle shipments witnessed a growth of 6 per cent last year at 72,511 units as against 68,473 units in 2023.
Three-wheeler shipments grew by 2 per cent to 2,98,235 units as against 2,91,919 units in 2023.
