Indian PV exports to pick up speed as select companies step on the gas

E-passenger vehicles to open a new frontier for Made-in-India cars in the long term

India’s export of passenger vehicles (PV), which had entered the slow lane during the pandemic but had started turning the corner last financial year, is set to pick up speed in the coming years.

With the Indian subsidiaries of global carmakers such as Maruti Suzuki and Kia Motors looking to export more, though on a low base, the sale of these PVs in markets abroad is poised to advance at a brisk pace year-on-year for the next couple of years at least. These export plans are in line with the plans of their parent companies.

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