Passenger Vehicle Exports Rise 18% in H1 FY26, Led by Maruti Suzuki

India’s passenger vehicle exports recorded a strong 18.4% year-on-year growth during the April–September period of FY26, reaching 4,45,884 units compared to 3,76,679 units in the same period last year, according to SIAM data.

Segment-Wise Performance

Passenger car exports increased 12% YoY to 2,29,281 units, while utility vehicle (UV) shipments saw a sharper 26% rise to 2,11,373 units, underscoring the rising global preference for SUVs. Van exports also rose significantly by 36.5%, reaching 5,230 units in the first half of the fiscal year.

Maruti Suzuki Leads Export Growth

Maruti Suzuki India Limited retained its leadership in passenger vehicle exports, shipping 2,05,763 units during April–September 2025, a 40% increase from 1,47,063 units in the same period a year ago.

Hyundai Motor India followed with exports of 99,540 units, up 17% year-on-year. Nissan Motor India ranked third, exporting 37,605 units versus 33,059 units a year earlier. Other key exporters included Volkswagen India (28,011 units), Toyota Kirloskar Motor (18,880 units), Kia India (13,666 units), and Honda Cars India (13,243 units).

Exports Driven by Diverse Global Demand

The Society of Indian Automobile Manufacturers (SIAM) attributed the rise in exports to consistent demand across major international markets, particularly in the Middle East and Latin America. Indian automakers registered export growth in 24 countries, including Korea, UAE, Germany, Mexico, and Brazil.

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Conclusion

The steady rise in passenger vehicle exports during H1 FY26 underscores India’s growing competitiveness in global auto markets. With strong performances from major players like Maruti Suzuki and Hyundai, and increasing diversification across export destinations, the outlook for the sector remains optimistic despite regional challenges.

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