Maruti Suzuki has attained yet another landmark as it became the first manufacturer in India to export 3 million cars to overseas countries. The 3 millionth landmark vehicle was part of a shipment of 1,053 units that sailed from Gujarat’s Pipavav port yesterday comprising models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire and S-Presso.
Maruti Suzuki exports breach 3 million units
Maruti Suzuki started export of vehicles from India in 1986. The first large consignment of 500 cars was shipped to Hungary in September 1987. The company clocked the 1 millionth milestone in vehicle exports in FY 2012-13, followed by the next million in little less than 9 years in FY 2020-21. The progression from 2 million to 3 million cumulative exports was achieved in just 3 years and 9 months, making it the fastest million for Maruti Suzuki.
Speaking on the export milestone, Mr. Hisashi Takeuchi, MD & CEO, Maruti Suzuki India Limited said, “The 3 million cumulative exports milestone reflects India’s automobile manufacturing excellence and is a shining example of Brand India on the global stage. We thank the Government of India for instituting encouraging policies and enabling trade agreements with some markets augmenting export growth.”
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Maruti Suzuki exports (Image: Maruti Suzuki)
He further added, “Aligned with the Government of India’s flagship ‘Make in India’ initiative, Maruti Suzuki is committed to deep localization and multiplying exports. Our exports from India have grown 3 times from 4 years ago. Inspired by this global demand, Maruti Suzuki is determined to diversify and ramp-up vehicle exports to 7.5 lakh units by 2030-31.”
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The Indo-Japanese carmaker cocked the highest-ever monthly exports of 33,168 units in October this year. The company currently holds a market share of 40 percent of all exports in the passenger vehicle segment.
In the current financial year, Maruti Suzuki exported 181,444 units between April and October, marking a YoY growth of 17.4 percent over the same period the previous fiscal. As of now, the company exports 17 models to nearly 100 countries.
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