India's car exports hit record in FY25, Maruti leads the way

India's automotive industry achieved a record-breaking milestone in passenger vehicle exports in FY25, highlighting the country's growing prominence as a global manufacturing hub. Industry estimates indicate that 7,55,000-7,65,000 units were exported during the fiscal year ending March 31, 2025, marking a 12-14% increase from the 6,72,000 units exported the previous year. Maruti Suzuki led the export drive with 3,32,585 units, including shipments to Japan, where models like the five-door Jimny and Fronx were well received. Hyundai Motor India Limited (HMIL) also contributed significantly, exporting approximately 1,63,000 units to key markets such as Saudi Arabia, South Africa, Mexico, Chile, and Peru. Maruti Suzuki and Hyundai accounted for nearly two-thirds of India's total passenger vehicle exports. 

In response to India's growing role in the global automotive trade, manufacturers are expanding their export-focused operations. Maruti Suzuki aims to triple exports by 2030 and is investing Rs. 45,000 crore (US$ 5.27 billion) to double its annual production capacity to four million units, with up to 8,00,000 units earmarked for exports. Hyundai will also scale up shipments once its second factory in Talegaon becomes operational. The Indian government has urged the industry to increase exports to at least 25% of total vehicle production by 2030, compared to 14% in FY23. This push comes amid intensified global competition, particularly from China, which surged with a record 5.86 million vehicle exports last year, driven by the rising demand for new energy vehicles. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.