 "auto exports")
Overseas shipments at auto firms expanded at a brisk pace year-on-year in March bumping up the overall annual exports for FY22 and taking it to a record level for some like Maruti Suzuki India and Bajaj Auto.
Amid a semiconductor shortage, a depreciating rupee and a strong demand in various export destinations, passenger automakers diverted capacity meant for the local market in favour of the more lucrative export markets.
Among the PV makers, car market leader Maruti Suzuki led the rally with its overseas shipments touching the record level of 2,38,376 units in FY22—the highest for the company in any
