India's UV Exports Overtake Cars for First Time in Nov 2025; FY26 Set for Annual Lead
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CNBC TV1825-12-2025, 12:13

India's UV Exports Overtake Cars for First Time in Nov 2025; FY26 Set for Annual Lead

  • Utility Vehicle (UV) exports from India surpassed passenger car shipments for the first time in November 2025.
  • In November, UV exports reached 42,993 units, exceeding passenger car exports of 40,519 units, as per SIAM data.
  • Between April-November 2025, UV exports rose significantly to 288,000 units, narrowing the gap with car exports (304,000 units).
  • FY26 is projected to be the first full year where India's utility vehicle exports will annually surpass passenger car exports.
  • Maruti Suzuki is the largest overall exporter and leads in UV exports, with sub-four-meter SUVs forming 62% of total UV exports.

Why It Matters: India's utility vehicle exports surpassed passenger cars in Nov 2025, signaling a major shift in automotive exports.

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