Car Exports March 2024 – Verna, Swift, Elevate, Jimny, Virtus, Seltos, HyRyder

Overall export across the car segment remained under stress with a 12.10% YoY decline and most models ending up in the red. Total exports stood at 61,950 units in March 2023, a 12.10 percent YoY decline over 70,480 units sold in March 2023. It was however a MoM growth from 60,767 units exported in February 2024.

Hyundai Verna emerged as the highest exported car in March 2024 with 4,730 units shipped. This was a 43.73% YoY growth from 3,291 units shipped in March 2023. This is a marked improvement in its positioning as the Verna had stood at No. 7 in February 2024 with 3,574 units sold in the same month. The next three spots were commanded by Maruti Suzuki with the Baleno and DZire each shipping 4,331 units and 4,282 units respectively in March 2024 leading to a YoY de-growth. There was also the Swift of which 4,020 units were exported in March 2024 relating to a marginal 0.85% growth on a YoY basis.

Nissan Sunny scaled up the export list to No. 5 from a No. 11 position held in February 2024. However exports dipped by 28.12% YoY to 3,918 units while MoM exports improved significantly over 2,204 units shipped in February 2024. The new Elevate garnered a great deal of attention in export markets with 3,464 units shipped in the past month.

It is the Maruti Suzuki Jimny that deserves special mention. Exports have been registering good growth over the past few months. Jimny exports improved by 57183.33% YoY to 3,437 units in March 2024 from just 6 units shipped in March 2023. Maruti Jimny 5-door has been well received in countries of Latin America, Middle East and Africa.

Honda City (3,396 units), VW Virtus (3,121 units) and Hyundai Aura (2,701 units) each posted double digit YoY growth in exports. However, the Maruti Grand Vitara saw its exports dip by 41.62% YoY to 2,700 units in the past month. Exports also improved YoY for the Grand i10 (2,675 units) and Nissan Magnite (2,440 units) though HyRyder exports dipped 34.21% to 2,048 units.

Another high flying model that has seen overwhelming growth in export markets is the Maruti Fronx. Exports surged 46375% YoY to 1,859 units in March 2024 from just 4 units shipped in the same month last year. S-Presso (1,598 units) saw a