EV push, pent-up demand: Why auto exports fell in April amid healthy sales?

In April, major Indian automakers saw a rise in vehicle sales, but the exports of almost all companies declined sharply. The country’s largest automaker Maruti Suzuki witnessed a 6.5 per cent year-on-year (YoY) rise in total vehicle sales, but the exports fell 7.9 per cent.

The sales of Bajaj Auto, another auto major, rose 7 per cent YoY, but exports fell 43 per cent. Mahindra & Mahindra’s sales jumped 36 per cent. Its exports were down 33 per cent. Commercial vehicles maker Ashok Leyland reported a 10 per cent YoY increase in total sales, but its exports were down a lower 6.4 per cent.