Top carmakers post double-digit export growth with Maruti at the wheel

Clock 11% growth in the first 11 months of 2022

Notwithstanding global headwinds, passenger vehicle (PV) exports from India grew at a fast clip in Calendar 2022 (CY22), led primarily by a 28 per cent growth in exports by the country’s largest PV maker — Maruti Suzuki India (MSIL) — during the year.

According to the Society of Indian Automobile Manufacturers (Siam) data, the overall PV exports clocked 11 per cent growth during the first 11 months of 2022, to 535,352 units. The December export data is yet to be released by the automotive industry body.

MSIL beat its Korean rival Hyundai Motor India (HMIL) in exports in 2021-22 and