Car Export Statistics India: The Numbers You Need to Know

India’s car industry is buzzing, and the export side is getting a lot of attention. If you’re curious about how many cars leave India each year, which brands are on top, or what markets are buying Indian-made vehicles, you’re in the right place. Below we break down the latest stats, explain why the figures matter, and give you a few practical take‑aways.

Key Export Figures for 2023‑2024

According to the Ministry of Commerce, India exported about 2.0 million passenger vehicles in the fiscal year 2023‑24. That’s a 12% jump from the previous year. The bulk of those exports are compact cars built by manufacturers like Maruti Suzuki and Tata Motors. Small‑SUVs and electric models are growing fast, accounting for roughly 18% of total exports.

Top destinations include Bangladesh, Nepal, Kenya, and the United Arab Emirates. Bangladesh alone took in over 300,000 cars, making it the biggest single market. African nations together absorbed about 250,000 units, thanks to favorable trade deals and demand for affordable vehicles.

When you look at value, the export market generated roughly $3.5 billion in earnings. That money helps balance India’s trade deficit and supports jobs in manufacturing hubs like Chennai, Pune, and Gurgaon.

What Drives India’s Car Export Growth?

First, cost matters. Indian factories can produce a compact car for under $7,000, which is cheaper than most Asian rivals. That price edge attracts buyers who want reliable, low‑maintenance rides.

Second, government policies are friendly. The Production‑Linked Incentive (PLI) scheme gives cash back to manufacturers that hit export targets. That pushes companies to look beyond domestic sales and chase overseas orders.

Third, the push for greener vehicles is opening doors. India’s electric‑car output rose 45% last year, and many export markets are eager for low‑emission options to meet their own climate goals.

Finally, quality improvements matter. Modern Indian plants now meet global safety and emissions standards, so buyers are more confident about the product.

What does this mean for you? If you’re a supplier, the rising export volume creates demand for parts, logistics, and after‑sales services. If you’re a buyer, you can negotiate better prices thanks to the competitive landscape.

Keep an eye on upcoming changes, like the new free‑trade agreements India is negotiating with African blocs. Those deals could push export numbers higher by lowering tariffs and simplifying customs procedures.

In short, India’s car export statistics show a steady climb driven by low costs, supportive policies, and a growing electric‑vehicle segment. Whether you’re in the supply chain or just curious about the market, these numbers give you a clear picture of where the industry is headed.