Maruti Suzuki was the top player in terms of the export of passenger cars from India in financial year 2024 with over 280.7 thousand vehicles. Hyundai followed in second place. Together, Maruti Suzuki and Hyundai make up over 65 percent of the total export volume of the Indian automobile industry.
The amazing growth of Maruti Suzuki
Maruti Suzuki Limited is a subsidiary of Suzuki Motor Corporation, a Japanese automaker. Founded in Gurugram, India in 1981, Maruti Suzuki has played a significant role in the development of the Indian automobile industry. In 2022, the company saw impressive growth in its export volume at 125 thousand units. This led to an increase in market share of 38.5 percent in 2022, making it the top player in the Indian automobile industry. This surge in export volume is a significant achievement for the Indian automobile industry.
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Autocar. (April 15, 2024). Export volume of passenger vehicles from India in financial year 2024, by original equipment manufacturer [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/712338/india-export-volume-distribution-of-passenger-vehicles/
Autocar. "Export volume of passenger vehicles from India in financial year 2024, by original equipment manufacturer." Chart. April 15, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/712338/india-export-volume-distribution-of-passenger-vehicles/
Autocar. (2024). Export volume of passenger vehicles from India in financial year 2024, by original equipment manufacturer. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/712338/india-export-volume-distribution-of-passenger-vehicles/
Autocar. "Export Volume of Passenger Vehicles from India in Financial Year 2024, by Original Equipment Manufacturer." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/statistics/712338/india-export-volume-distribution-of-passenger-vehicles/
Autocar, Export volume of passenger vehicles from India in financial year 2024, by original equipment manufacturer Statista, https://www.statista.com/statistics/712338/india-export-volume-distribution-of-passenger-vehicles/ (last visited November 21, 2024)
Export volume of passenger vehicles from India in financial year 2024, by original equipment manufacturer [Graph], Autocar, April 15, 2024. [Online]. Available: https://www.statista.com/statistics/712338/india-export-volume-distribution-of-passenger-vehicles/