Passenger vehicle exports from India rise by 18% in H1 FY26: SIAM
The Society of Indian Automobile Manufacturers (SIAM) in its latest data has showed that total passenger vehicle exports rose to 4,45,884 units in the first half of the current fiscal year (H1 FY26) as compared with 3,76,679 units in the year-ago period, an increase of 18.4 per cent, with Maruti Suzuki leading the segment with shipment of over 2 lakh units.
According to the data, passenger car shipments rose to 2,29,281 units in the period under review, an increase of 12 per cent as against 2,05,091 units in the April-September period of 2024-25. Similarly, utility vehicle exports to overseas markets rose 26 per cent year on year to 2,11,373 units in the April-September period of the current fiscal. Van shipments rose 36.5 per cent year on year to 5,230 units in H1 FY26.
The SIAM has attributed the growth in passenger vehicle exports to stable demand across global markets, particularly robust performance in the Middle East and Latin America. Reflecting a clear trend of market diversification, Indian exporters have registered a positive growth in 24 countries during the H1 FY26, even as shipments to the US declined due to high tariffs in September. These 24 countries include Korea, UAE, Germany, Togo, Egypt, Vietnam, Iraq, Mexico, Russia, Kenya, Nigeria, Canada, Poland, Sri Lanka, Oman, Thailand, Bangladesh, Brazil, Belgium, Italy and Tanzania.
