Indian Auto Exports Witness a Significant Uptick

In a remarkable turnaround, Indian automobile exports have surged by 19% year-on-year in 2024. This growth is primarily attributed to the robust dispatch of two-wheelers, passenger vehicles, and commercial vehicles, as per the latest data released by the Society of Indian Automobile Manufacturers (SIAM).

Emerging Markets Fuel the Growth

"The past year has seen a revival in demand for Indian automobiles from emerging markets such as Latin America and Africa," stated Rajesh Menon, Director General of SIAM. This resurgence has propelled overall shipments to 50,98,810 units last year, up from 42,85,809 units exported in 2023.

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