Utility vehicles log 50% higher exports in May over low base
Business Standard|June 12, 2024
Exports of utility vehicles (UVs) were up 50.5 per cent in May 2024 owing to a low base in the same month of the previous year, while domestic wholesales and production went up 17.6 per cent and 26.9 per cent, respectively, shows the data released by the Society of Indian Automobile Manufacturers (Siam).
SOHINI DAS
Utility vehicles log 50% higher exports in May over low base

PVs comprise passenger cars and UVs. UVs are mainly sports utility vehicles (SUVs) or multi utility vehicles (MUVs).

India exported 24,490 UVs in May, up 50.5 per cent from 16,274 units in May last year.

Domestic UV sales were up 17.6 per cent to 182,883 units while production was up 26.9 per cent to 213,462 units.

Export growth has been led by companies like Hyundai Motor India, Honda Cars India, and Volkswagen India. Hyundai exported 14,400 passenger vehicles (PVS) in May, up 31 per cent from May 2023.

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