SUV Boom: India's Top Vehicle Export No Longer Small Cars

• India's vehicle export landscape has shifted, with Utility Vehicles (UVs) now surpassing small cars as the primary export category.
• November marked a historic milestone as UV exports (42,993 units) exceeded passenger car exports (40,519 units) for the first time.
• This trend is expected to continue, with FY26 projected to be the first fiscal year where UV exports formally outpace car exports.
• Maruti Suzuki is a dominant player, contributing over 47% of all passenger vehicle exports and leading the UV export segment.
• The shift reflects a broader "utility vehicle boom" in India, driven by increased buyer preference for SUVs, MPVs, and MUVs.

Why It Matters: India's vehicle exports are now dominated by SUVs, marking a major shift from small cars.