<p>New Delhi: Automobile shipments from India declined 21 per cent last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data.</p>.<p>Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022.</p>.<p>Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022.</p>.<p>However, other segments like commercial vehicles, two-wheelers and three-wheelers saw a decline in exports last year.</p>.<p>Two-wheeler exports slipped 20 per cent to 32,43,673 units last year from 40,53,254 units in 2022.</p>.<p>Similarly, commercial vehicle shipments declined to 68,473 units last year from 88,305 units.</p>.<p>Three-wheeler exports declined 30 per cent to 2,91,919 units last year from 4,17,178 units.</p>.Tesla's massive $30 bn plan for India; Musk an 'admirer' of Modi: Report.<p>Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told <em>PTI</em> that in 2023, passenger vehicle exports were driven by vehicle launches and pent-up demand in markets like South Africa and the Gulf region.</p>.<p>'The increase can also be attributed to a smoother supply chain as compared to the previous year, wherein there were supply-side disruptions, including that of semiconductors. However, for the regions where two and three-wheelers are sold, the challenges of availability of foreign exchange continue, which has kept the demand subdued,' he added.</p>.<p>In April-December this fiscal, Maruti Suzuki India led the exports in the passenger vehicle segment, with the shipment of 2,02,786 units, an increase of 6 per cent from 1,92,071 units a year ago.</p>.<p>Hyundai Motor India shipped out 1,29,755 units in the third quarter of the current fiscal compared to 1,19,099 units in the same period of last fiscal.</p>.<p>Kia India exported 47,792 units; Volkswagen 33,872 units; Nissan 31,678 units; and Honda Cars 20,262 units in April-December this financial year. </p>
<p>New Delhi: Automobile shipments from India declined 21 per cent last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data.</p>.<p>Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022.</p>.<p>Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022.</p>.<p>However, other segments like commercial vehicles, two-wheelers and three-wheelers saw a decline in exports last year.</p>.<p>Two-wheeler exports slipped 20 per cent to 32,43,673 units last year from 40,53,254 units in 2022.</p>.<p>Similarly, commercial vehicle shipments declined to 68,473 units last year from 88,305 units.</p>.<p>Three-wheeler exports declined 30 per cent to 2,91,919 units last year from 4,17,178 units.</p>.Tesla's massive $30 bn plan for India; Musk an 'admirer' of Modi: Report.<p>Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told <em>PTI</em> that in 2023, passenger vehicle exports were driven by vehicle launches and pent-up demand in markets like South Africa and the Gulf region.</p>.<p>'The increase can also be attributed to a smoother supply chain as compared to the previous year, wherein there were supply-side disruptions, including that of semiconductors. However, for the regions where two and three-wheelers are sold, the challenges of availability of foreign exchange continue, which has kept the demand subdued,' he added.</p>.<p>In April-December this fiscal, Maruti Suzuki India led the exports in the passenger vehicle segment, with the shipment of 2,02,786 units, an increase of 6 per cent from 1,92,071 units a year ago.</p>.<p>Hyundai Motor India shipped out 1,29,755 units in the third quarter of the current fiscal compared to 1,19,099 units in the same period of last fiscal.</p>.<p>Kia India exported 47,792 units; Volkswagen 33,872 units; Nissan 31,678 units; and Honda Cars 20,262 units in April-December this financial year. </p>