Export volume of vehicles India FY 2008-2019

India’s automotive sector is one of the largest in the world. The industry had over four million commercial vehicles produced in 2018. The sector also witnessed a strong growth in exports in the recent years. By the end of fiscal year 2019, the south Asian country had exported over four million vehicles. India is also the largest producer of two-wheelers globally. The market maintained a strong double-digit figure in exports. Bajaj Auto was the leading exporter of two-wheelers, with almost half of the export share, followed by TVS Motors with a share of about 20 percent in the exports.

Growth in electric vehicles

The automobile industry within the country has witnessed a slowdown due to an economic slump. Rising congestion and the push from the government to switch to electric vehicles could also be a reason for the decline in growth. Although the domestic market in the country was dominated by two-wheelers in 2019, it was the electric three-wheelers that dominated the shares in terms of sales during that year. Nonetheless, the two-wheeler market was estimated to close the gap and witness a boost in sales by 2030.

Road infrastructure versus numbers

With the country on its way to overtaking China to become the most populated, the immense amount of traffic on narrow, partially developed roads could likely be a constant grapple. The increasing number of vehicles has indeed been an indicator of a burgeoning middle class, but the issue of increasing road congestion will require some organized planning and attention from the government.

Export volume of vehicles from India between financial year 2008 and 2019

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Source

Release date

April 2019

Region

India

Survey time period

FY 2008 to FY 2019

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

Values have been rounded for clarity.

Data from previous reports was also used.

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Statistics on "Eicher Motors Limited"

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