India\u2019s bioeconomy valued at $150 billion, innovation holds key to global leadership: BIRAC MD<\/a><\/b><\/li>\n<\/ul>\nHe was replying to a query on the reasons for the bouncing back of vehicle exports in the April-September period.<\/p>\n
Various African nations and other regions faced challenges due to devaluation of currencies. This impacted the vehicle shipments as the nations focussed on import of essential items.<\/p>\n
Automobile exports declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets.<\/p>\n
Overall exports stood at 45,00,492 units in the last fiscal year as compared with 47,61,299 units in FY23.<\/p>\n
Total passenger vehicle shipments rose 12 per cent year-on-year to 3,76,679 units in the first half of the current fiscal year as against 3,36,754 units in the September quarter of FY24.<\/p>\n
The country’s largest carmaker Maruti Suzuki led the vertical with shipments of 1,47,063 units, an increase of 12 per cent over 1,31,546 units in the year-ago period.<\/p>\n
Hyundai Motor India exported 84,900 units, a drop of 1 per cent, as against 86,105 units in April-September period of the previous fiscal year.<\/p>\n
Two-wheeler exports rose 16 per cent year-on-year to 19,59,145 units in the April-September period this fiscal year as compared with 16,85,907 units in the year-ago period.<\/p>\n
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Scooter shipments increased 19 per cent to 3,14,533 units while motorcycle exports rose 16 per cent to 16,41,804 units during the period under review.<\/p>\n
Commercial vehicle exports rose 12 per cent year-on-year to 35,731 units in the first six months of the fiscal year.<\/p>\n
Three-wheeler shipments, however, declined 1 per cent during the period to 1,53,199 units as compared with 1,55,154 units in the April-September period of the 2023-24 fiscal year. <\/p>\n