India’s automobile exports jumped 22 percent year-on-year in the first quarter of FY26, backed by record shipment of passenger vehicles and strong growth in segments such as two-wheelers and commercial vehicles, industry body SIAM said on July 20.
Across the segments, the total exports surged to 14,57,461 units in Q1, compared to 11,92,566 units in the same period of the previous financial year.
The passenger vehicles segment saw the highest-ever exports in the reported quarter at 2,04,330 units, registering a growth of 13 percent over 180,483 units shipped in the same period last year.
Export growth in this segment was driven by stable demand across most markets, with strong performance in the Middle East and Latin America, Society of Indian Automobile Manufacturers (SIAM) said.
Revival in neighbouring markets like Sri Lanka and Nepal, rising demand from Japan, and growing exports under FTAs such as Australia also contributed to the overall uptick, it noted.
The country's largest carmaker Maruti Suzuki led the passenger vehicle exports in Q1 with dispatch of 96,181 units, up over 37 percent compared to 69,962 units in April-June quarter last fiscal.
Maruti Suzuki Senior Executive Officer, Corporate Affairs, Rahul Bharti said the automaker has been leading India's PV exports for the past four years.
"Our share in exports has been increasing steadily and reached a historic high of over 47 percent in Q1 FY 2025-26," he added.
Maruti Suzuki export volumes grew by more than 37 percent in the quarter, compared to a 2 percent decline in the rest of the industry, Bharti stated.
"If customers around the world appreciate and adopt Maruti Suzuki cars, chances are the company will be the market leader in India for a long, long time," he noted.
Hyundai Motor India exported 48,140 units during the period under review, registering a growth of 13 percent as against 42,600 units in the year-ago period.
Two-wheeler exports increased to 11,36,942 units in the April-June period, up 23 percent from 9,23,148 units in the same period last year.
Total commercial vehicle shipments stood at 19,427 units in Q1, registering an increase of 23 percent year-on-year.
Similarly, three-wheeler exports also surged 34 percent year-on-year to 95,796 units in the June quarter this fiscal.
With PTI inputs
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