Maruti was the leading exporter with 23,787 units, a 109 per cent increase compared to February 2021 when exports were 11,364 units
PUNE: India’s auto exports comprising passenger vehicles and two-and three-wheelers grew by 5 per cent with 463,025 vehicles exported in February 2022.
In February last year, 441,797 units were exported, the Society of Indian Automotive Manufacturers or Siam said on Friday. Compared to January, exports saw 2 per cent increase at 454,953 units during the month.
Passenger vehicle exports rose 44 per cent last month with a total of 51,213 vehicles exported compared to 35,345 units in the year-ago period. Maruti was the leading exporter with 23,787 units, a 109 per cent increase compared to February 2021 when exports were 11,364 units.
Two-wheeler exports increased 3 per cent. A total of 375,689 units were exported in February 2022 against 364,646 units in the year-earlier month. Bajaj Auto and TVS Motor Company were major contributors for the month with 182,814 units and 94,427 units.
However, total passenger vehicle sales last month declined 7 per cent to 262,984 units compared to 281,330 units in February last year. But utility vehicle sales bucked the trend and clocked 5 per cent growth to 120,122 units as against 114,350 units last year.
In the two-wheeler segment, sales continue to be under tremendous pressure with scooter and motorcycle sales falling 26 per cent and 28 per cent, respectively. For this sector as a whole, 10,37,994 units were sold inclusive of moped numbers as against 14,26,865 units sold a year ago.
“Continuing supply-side challenges such as semiconductor shortages, increase in cost due to new regulations, higher commodity prices, higher logistics cost etc. have impacted overall sales,” said Rajesh Menon, DG, Siam.