Maruti on track to become India’s largest car exporter in FY22


Auto major Maruti Suzuki is on track to become India’s largest car exporter in FY22.

The feat was achieved after an 11-year gap with the new Baleno leading the pack.

The automaker exported 205,450 units in calendar year 2021.

In conversation with IANS, Maruti Suzuki India Senior Executive Sales and Marketing Manager Shashank Srivastava said the company has already shipped nearly 206,000 units to overseas markets in calendar year 2021. .

“This financial year we are also expected to produce something like 220,000 units. Maruti is now India’s largest car exporter,” he said.

Apart from exports, the other demand driver, according to Srivastava, will come from the high capital expenditures announced in the Union FY23 budget.

“There is no doubt that the increase in Capex capital will ultimately benefit the industry.”

In addition, the reopening of contact-intensive sectors such as education should also boost demand, he said.

“Much of the demand is expected to come back from the reopening of establishments across the country.”

“Once normality starts to return…it should help us get back to a normal economy.”

Regarding the pandemic-induced surge in auto sales, he said the shift to personal mobility will continue for some time to come.

“When the pandemic started, demand for cars was expected to fall, but it’s the opposite. It has done better than expected, even with the loss of income levels and the disruptions we’ve seen in the over the past two years.”

“Going forward, the shift to personal mobility is expected to continue for a bit longer. The pandemic may fade, but the fear may still linger.”

Additionally, the company plans to launch a slew of new and improved products in the market.

It recently opened reservations for its new generation Baleno.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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