Vehicles Export Data: A Complete Overview for 2023-24

India's automobile sector has had an interesting evolution. After India's independence, India tried to encourage the manufacturing of cars in India. Cars were imported to India before independence. The global automobile export market is dynamic and ever-changing. A variety of issues have influenced the sector in recent years, such as

• The rise of protectionism and trade wars

• The COVID-19 pandemic

• The shift towards electric vehicles

All of these variables have had a substantial impact on the automobile export market, and vehicle export companies are expected to continue to do so in the coming years.

This blog article will provide a comprehensive assessment of the vehicle export data for 2023-24. We will explore the industry's current situation, the biggest car exporter, important factors affecting it, and future challenges and prospects. 

So, how big is the automobile industry in India?

Automobile Industry in India

According to Vehicle Export Data 2022, India's automobile sector is the world's fourth largest in terms of production. As of 2023, India is the world's third-largest vehicle market in terms of sales. In 2022, India became the world's fourth-largest country in terms of automobile sector worth.
 

Between April 2021 and March 2022, the automobile industry manufactured a total of 22.93 million vehicles, including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles as per vehicle exporters data. India has a prominent position in the international heavy vehicle arena as the world's largest tractor maker, second-largest bus manufacturer, and third-largest heavy truck manufacturer.

Key Global Statistics: 

• According to global trade data, global automobile exports are expected to be worth $1.5 trillion in 2023. 

• As per vehicle export data, the world's top car exporters are the United States, China, and Japan, followed by Germany and Mexico.

However, the automobile export sector is dominated by a few significant companies. According to vehicle export data, the top ten automobile manufacturers account for more than 70% of worldwide car exports. Toyota, Volkswagen, Stellantis, General Motors, and Ford are some of the manufacturers.

Vehicles Exports from India: Trends and Key Statistics

Vehicle export data in India is collected at customs ports across the country. The data is compiled from the bill of lading and shipping submitted to the customs official at various exit ports. The bill of lading contains information such as product descriptions and HS codes, the number of vehicles being exported, the value of the consignment, the name and contact details of the exporter and importer, the port of dispatch and destination port, and the date of dispatch.

Vehicle exporter data in India showed strong double-digit growth, primarily driven by three-wheelers and commercial vehicles. Between April 2022 and March 2023, passenger vehicle exports climbed from 5,77,875 to 6,62,891 units, while commercial vehicle exports declined from 92,297 to 78,645. As per vehicle export data, three-wheeler exports fell from 4,99,730 to 3,65,549, while two-wheeler exports fell from 44,43,131 to 36,52,122 units over the same time last year.

According to India Trade Data, India exported over 5.6 million vehicles in FY22, up 36% YoY from FY21. The significant export growth is due to a lower base in FY21 and manufacturers entering the export market to benefit from a strong dollar. 

According to vehicle export data, vehicle and component exports were valued at US$ 23 billion in fiscal year 2022, accounting for 5% of total merchandise exports. Total automobile exports for April-July FY23 were $8.9 billion, a 25% increase over the previous year's figure of $7.2 billion. Strong demand for autos, owing to the economy's recovery and the resolution of supply chain concerns, helped boost exports.

Now. Let's explore the biggest car exporters in India!

The Biggest Car Exporters in India

Key Points:

• Overall, car exports from India increased in 2023 compared to 2022.

• shipments of two- and three-wheelers increased, while passenger car shipments rose somewhat.

• Bajaj Auto maintained its dominant position in all three categories, and it is also the biggest car exporter.

• Maruti Suzuki continues to lead passenger vehicle exports and become the leading vehicle export company.

Here’s a detailed table:

According to automobile export data, the main vehicles exporters in India (Two-wheelers) are:-

• Bajaj Auto: 1,854,321 units 

• TVS Motor: 723,154 units 

• HMSE: 452,137 units 

• India Yamaha Motor: 312,789 units 

• Hero MotoCorp: 267,432 units 

As per vehicle export data, the main vehicles exported in India (Three-Wheelers) are:-

• Bajaj Auto: 421,357 units 

• TVS Motor: 154,231 units 

• Piaggio Vehicles: 42,137 units

Passenger Vehicles:

Total Automobile Exports: 6,77,956 units (increase from 2022)

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Top 5 Exporters of Cars (Market Share):

According to automotive exporters data, these are the biggest vehicle export company,.

• Maruti Suzuki (39%)

• Hyundai Motor (23%)

• Kia Motors (13%)

• Toyota Kirloskar Motor (7%)

• Mahindra & Mahindra (5%)

Overall Exports:

According to automobile export data, passenger vehicle exports increased 5% in 2023 compared to 2022, totaling 6,77,956 units. This reverses the downward trend seen in 2019.

Top Vehicle Exporters:

These are the largest car exporting companies!

• Maruti Suzuki maintained its dominant position with a 39% market share, exporting 2,61,700 units.

• According to vehicle export data, Hyundai increased its market share to 23% by exporting 1,55,963 vehicles.

• Kia Motors has emerged as a serious challenger, with a 13% market share and 88,632 units exported.

• Toyota Kirloskar Motor: Reached 7% market share, exporting 47,432 units.

• As per automotive exporters data, Mahindra & Mahindra maintained a strong 5% market share, with 33,230 units exported.

Top Car Exporting Countries

The following is a list of countries by vehicle exports, including parts (Harmonized System Code 87). The vehicle export data for 2022 is in billions of US dollars, according to the International Trade Center. Currently, the top thirty countries are listed.

Car exports by country: 

• Germany: US$152.7 billion (22.7% of total cars exports)

• Japan: $86.1 billion (12.8%)

• United States: $55.3 billion (8.2%)

• Canada: $44.9 billion (6.7%)

• South Korea: $41.8 billion (6.2%)

• United Kingdom: $38.9 billion (5.8%)

• Spain: $33.1 billion (4.9%)

• Mexico: $32.8 billion (4.9%)

Germany dominates the top car exporting countries, exporting a massive $152.7 billion worth of vehicles and holding a commanding 22.7% market share. While Japan and the United States are close behind, the gap demonstrates Germany's dominant position in the global car export market. 

Notably, Canada, South Korea, and the United Kingdom also make major contributions, demonstrating the diversity of actors creating this multibillion-dollar business.

Vehicles exporting partners of India are:-

According to vehicle export data, India's leading automobile export partners are currently:

1. South Africa: South Africa is a big market for Indian SUVs and pickup trucks.

2. UAE: The United Arab Emirates (UAE) is a growing re-export hub and a gateway to other Middle Eastern markets.

3. Nepal: high demand for two-wheelers and small passenger cars.

4. Bangladesh: An increasingly important market for both two and three-wheelers.

5. Saudi Arabia: increased demand for luxury SUVs and sedans from India.

How to find imported car data in India?

To analyze car or vehicle import data, go to the ExportImportData portal. ExportImportData is a market research platform that delivers statistics on  imported cars in India and reliable information on international commerce for over 100 countries. Along with other goods, we provide updated car exporting companies data, automotive exporters statistics and updated Vehicle Export Data.

Export Import Data Solutions is a leading import export data company in India. It offers the latest, genuine, and reliable customs shipment data for global countries. At exportimportdata.in you can get export import data in India, trade data India, Indian customs data, Indian import data, India export data, list of HS codes, HS codes from chapters 01 to 98, custom duty in India, etc