Latest news with #ShaileshChandra
Time of India
4 days ago
- Automotive
- Time of India
Japan enters top five export markets for India-made cars
NEW DELHI: Japan has become one of the top five destinations for Indian car exports for the first time in FY25, signaling growing global demand for vehicles manufactured in India, even from advanced markets. Major Indian exporters like Suzuki Motor Corp and Honda Motor Co's local units are increasingly using India as a global production base. According to commerce ministry data compiled by SIAM, car exports to Japan jumped to $616.45 million in the first nine months of FY25, up from $220.62 million in all of FY24. Although official data for the March quarter is still awaited, industry sources expect exports to Japan to grow further, especially after Maruti Suzuki began shipping its Jimny SUV to the country in January. "Over decades, we have built a base in quality, cost, efficiency and technology in car manufacturing. This has given us volumes and economies of scale," senior executive officer at Maruti Suzuki India, Rahul Bharti told the Economic Times. He further noted that the company plans to export large number of e Vitara electric SUVs, produced in India, to European markets and Japan. Japan, a significant automobile manufacturer and exporter, shipped 5.12 million vehicles in 2024. Honda Cars India exported 45,167 units of SUV Elevate, predominantly to Japan, surpassing its domestic sales of 22,321 units. Maruti Suzuki offers SUVs Fronx and Jimny in Japan. Significantly, Suzuki temporarily suspended new Jimny five-door bookings due to overwhelming post-launch demand, receiving approximately 50,000 orders within four days in Japan. "Indian OEMs have been not only expanding into key markets such as Africa and Latin America but are also beginning to enter developed markets (like Japan) with globally competitive models," Shailesh Chandra, president, Society of Indian Automobile Manufacturers said. In the two-wheeler sector, Yamaha intends to begin exporting premium motorcycles to Japan soon. Itaru Otani, chairman, Yamaha Motor India Group, stated, "The sourcing cost, the labour cost, is quite low in India compared to other countries." "We are exporting nearly a third of our output to 58 countries already. We started exports to Europe from India at the end of last year. The next step is to ship to other advanced markets like Japan and the US," Otani added. India's automobile exports increased by 15% to 770,364 vehicles last fiscal year, significantly outperforming domestic sales growth of 2% at 4.3 million vehicles. While compact passenger vehicles constitute over 27% of exports, measuring up to 4 metres in length and up to 1.4-litres, compact SUVs of similar dimensions are gaining prominence. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hindustan Times
4 days ago
- Automotive
- Hindustan Times
Tata Motors aims to regain 50% market share in Indian electric car segment, Harrier EV and Sierra EV to play key roles
Tata Motors aims to bring new products in the above ₹20 lakh segment of Indian electric car market, while in the lower pricing slab categories, the company targets to strengthen its grip by value propositioning of existing models. Notify me Tata Motors, which is the current leader in the Indian electric passenger vehicle segment, is aiming to regain its market share of 50 per cent in the mid-to-long term. To achieve this target, the carmaker is planning to expand its product portfolio as well as update the existing products. With the domestic electric passenger vehicle market fragmenting into four distinct segments on the basis of price brackets, Tata Motors is now gearing up to enter the above ₹ 20 lakh segment with its upcoming models like the Harrier EV and Sierra EV. Besides that, the OEM is also emphasising the fleet segment EVs to regain volume. Speaking to the news agency PTI, Shailesh Chandra, the Managing Director of Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility, revealed this plan. He also stated that the homegrown auto major is working to make the total cost of ownership (TCO) of its electric vehicles in the fleet segment comparable to that of CNG vehicles to regain volumes. "We have the aspiration of sustaining our market share beyond 50 per cent in the mid to long term. We would aspire to be at a 50 per cent market share by having a very wide product portfolio and products which are aligned to the expectations of the customers," Chandra said. He further added that by mid-term, he meant 18-24 months and beyond. Also Read : Upcoming cars in India Tata Motors currently has a wide range of electric cars on offer, which include the Tiago EV, Tigor EV, Punch EV, Nexon EV, and Curvv EV. The Harrier EV and Sierra EV will join the lineup soon, with the former being ready for launch on June 3 and the latter expected to hit the market later this year. With the existing models as well as the upcoming ones, Tata Motors is looking to maintain its leadership position in the Indian electric passenger vehicle market in the wake of intensifying competition from rival brands. Chandra said that Tata's market share in the Indian electric car market is down to about 40-41 per cent at present, compared to about 55 per cent last fiscal. This is mainly on account of a drop in fleet sales and intense competition in the ₹ 12 to 20 lakh segment. Tata Motors sold about 65,000 EVs in FY25, a drop of 10 per cent compared to FY24. Acknowledging that in the short term, Tata Motors will face challenges, Chandra said that the decline in the company's market was pretty much on the cards as many players have come with multiple products with around 20 models in the market, including luxury cars. He also noted that the passenger EV market in the country is now segmented into four pricing categories - ₹ 8-12 lakh; ₹ 12 to 20 lakh; above ₹ 20 lakh, and the fleet segment. "A big part of the loss in volume has come because of the loss of volume in the fleet segment. In the personal segment, we have been kind of sustaining our volumes, but we are losing market share because the competition is coming in," he noted. Tata Motors' EV plan: What's ahead Chandra has elaborated on how the auto company is preparing to regain its overall market share in the Indian electric passenger vehicle segment. He said that in the ₹ 8-12 lakh segment, where it has Tiago EV, Tigor EV and Punch EV, the OEM owns 75 per cent market share and is very comfortable. However, it aims to expand this segment with the value proposition of the existing products. This hints at upcoming updated iterations of the Tiago EV, Tigor EV and Punch EV. According to Chandra, the ₹ 12-20 lakh segment is the most crowded space where all the players have positioned one product or the other. 'Here, our market share has come down to 33-35 per cent. This is where we are trying to bring more compelling options with two products that we have here, Nexon EV and Curvv EV, to fiercely compete in this segment," he explained. The Tata Motors official also said that there is another segment beyond ₹ 20 lakh, which is emerging fast, and the company is seeing the appetite of people also here to buy electric cars. 'This is the segment we are not present in right now. This is where we'll come with Harrier EV and then Sierra EV. So, that will open a new segment for us, and that should strengthen our volume growth further," he added. Check out Upcoming EV Cars in India. First Published Date: 26 May 2025, 08:13 AM IST
Time of India
4 days ago
- Automotive
- Time of India
Japan makes it to top five markets for India-made cars
Japan emerged one of the top five export destinations for Made-in-India cars for the first time in the last fiscal year, underscoring steadily growing global acceptance of cars built in the country, including developed markets. Key Indian exporters include the local units of Suzuki Motor Corp and Honda Motor Co , seeking to increasingly leverage the country as a production hub. Vehicle shipments to Japan rose to $616.45 million in the first nine months of FY25, from $220.62 million in FY24, showed commerce ministry data, collated by SIAM. Globally Competitive Models The Indian government is yet to release detailed data for vehicle exports and imports for the March quarter. However, industry insiders expect the trend to accelerate given that Maruti Suzuki began exporting the Jimny SUV to Japan this January. 'Over decades, we have built a base in quality, cost, efficiency and technology in car manufacturing. This has given us volumes and economies of scale,' said Rahul Bharti, senior executive officer at Maruti Suzuki India, adding that going ahead, the company would also export a 'large number' of e Vitara electric SUVs , manufactured in India, to the developed markets of Europe and Japan. Japan is itself a major carmaker and top exporter, shipping out 5.12 million vehicles in 2024. While Honda Cars India exported 45,167 units of SUV Elevate — mostly to Japan — more than double of the 22,321 units it sold in the local market, Maruti Suzuki has on sale SUVs Fronx and Jimny in the country. Notably, parent Suzuki had to initially pause fresh bookings for the Jimny five-door due to higher-than-expected demand post launch. The car secured around 50,000 orders within four days of launch in Japan. 'Indian OEMs have been not only expanding into key markets such as Africa and Latin America but are also beginning to enter developed markets (like Japan) with globally competitive models,' said Shailesh Chandra, president, Society of Indian Automobile Manufacturers. Kunal Behl, vice president, Honda Cars India said the company aims to establish India as a 'key export hub in its business globally'. While the proportion of exports is likely to remain at about 30%, absolute volumes will rise over the next few years as the company's total volumes grow on the back of new model introductions in India. In the two-wheeler segment, Yamaha is planning to shortly commence exports of premium motorcycles to Japan. Itaru Otani, chairman, Yamaha Motor India Group, said, 'The sourcing cost, the labour cost, is quite low in India compared to other countries.' 'We are exporting nearly a third of our output to 58 countries already. We started exports to Europe from India at the end of last year. The next step is to ship to other advanced markets like Japan and the US,' said Otani. Overall, India's car exports grew by 15per cent to 770,364 vehicles last fiscal, widely outperforming a 2per cent rise in domestic sales at 4.3 million vehicles. While more than 27per cent of vehicles exported are compact passenger cars — measuring up to 4 metres in length and up to 1.4-litres — the share of compact SUVs — also up to 4 metres in length — are on the rise. Compact SUVs fare well Chandra said exports of compact SUVs are performing well, currently comprising more than a quarter of total exports. 'There is also a steady demand of mid-sized passenger cars having engines up to 1.6-litre, constituting about 20per cent of the share of PV exports,' he said, adding exports of utility vehicles — of 4-4.4 metre length — have also risen significantly with a more than 18per cent share of overall exports, 'As an industry, we would closely monitor global geopolitics and would leverage any opportunities that exist in enhancing exports,' Chandra said. On their part, passenger vehicle makers have set an ambitious aim of doubling car exports to 30per cent over the next five years.
Time of India
4 days ago
- Automotive
- Time of India
Japan makes it to top five markets for India-made cars
NEW DELHI: Japan emerged one of the top five export destinations for Made-in-India cars for the first time in the last fiscal year, underscoring steadily growing global acceptance of cars built in the country, including developed markets. Key Indian exporters include the local units of Suzuki Motor Corp and Honda Motor Co , seeking to increasingly leverage the country as a production hub. Vehicle shipments to Japan rose to $616.45 million in the first nine months of FY25, from $220.62 million in FY24, showed commerce ministry data, collated by SIAM . Globally Competitive Models by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 오돌토돌 닭살피부, 집에서 이렇게 관리해요 현명한소비자 Undo The Indian government is yet to release detailed data for vehicle exports and imports for the March quarter. However, industry insiders expect the trend to accelerate given that Maruti Suzuki began exporting the Jimny SUV to Japan this January. 'Over decades, we have built a base in quality, cost, efficiency and technology in car manufacturing. This has given us volumes and economies of scale,' said Rahul Bharti, senior executive officer at Maruti Suzuki India, adding that going ahead, the company would also export a 'large number' of e Vitara electric SUVs , manufactured in India, to the developed markets of Europe and Japan. Live Events Japan is itself a major carmaker and top exporter, shipping out 5.12 million vehicles in 2024. While Honda Cars India exported 45,167 units of SUV Elevate — mostly to Japan — more than double of the 22,321 units it sold in the local market, Maruti Suzuki has on sale SUVs Fronx and Jimny in the country. Notably, parent Suzuki had to initially pause fresh bookings for the Jimny five-door due to higher-than-expected demand post launch. The car secured around 50,000 orders within four days of launch in Japan. 'Indian OEMs have been not only expanding into key markets such as Africa and Latin America but are also beginning to enter developed markets (like Japan) with globally competitive models,' said Shailesh Chandra, president, Society of Indian Automobile Manufacturers. Kunal Behl, vice president, Honda Cars India said the company aims to establish India as a 'key export hub in its business globally'. While the proportion of exports is likely to remain at about 30%, absolute volumes will rise over the next few years as the company's total volumes grow on the back of new model introductions in India. In the two-wheeler segment, Yamaha is planning to shortly commence exports of premium motorcycles to Japan. Itaru Otani, chairman, Yamaha Motor India Group, said, 'The sourcing cost, the labour cost, is quite low in India compared to other countries.' 'We are exporting nearly a third of our output to 58 countries already. We started exports to Europe from India at the end of last year. The next step is to ship to other advanced markets like Japan and the US,' said Otani. Overall, India's car exports grew by 15% to 770,364 vehicles last fiscal, widely outperforming a 2% rise in domestic sales at 4.3 million vehicles. While more than 27% of vehicles exported are compact passenger cars — measuring up to 4 metres in length and up to 1.4-litres — the share of compact SUVs — also up to 4 metres in length — are on the rise. COMPACT SUVS FARE WELL Chandra said exports of compact SUVs are performing well, currently comprising more than a quarter of total exports. 'There is also a steady demand of mid-sized passenger cars having engines up to 1.6-litre, constituting about 20% of the share of PV exports,' he said, adding exports of utility vehicles — of 4-4.4 metre length — have also risen significantly with a more than 18% share of overall exports, 'As an industry, we would closely monitor global geopolitics and would leverage any opportunities that exist in enhancing exports,' Chandra said. On their part, passenger vehicle makers have set an ambitious aim of doubling car exports to 30% over the next five years.
Economic Times
4 days ago
- Automotive
- Economic Times
Japan makes it to top five markets for India-made cars
Vehicle shipments to country at $616 million in first nine months of FY25 against FY24's $221 million NEW DELHI: Japan emerged one of the top five export destinations for Made-in-India cars for the first time in the last fiscal year, underscoring steadily growing global acceptance of cars built in the country, including developed markets. Key Indian exporters include the local units of Suzuki Motor Corp and Honda Motor Co, seeking to increasingly leverage the country as a production hub. Vehicle shipments to Japan rose to $616.45 million in the first nine months of FY25, from $220.62 million in FY24, showed commerce ministry data, collated by SIAM. Globally Competitive Models The Indian government is yet to release detailed data for vehicle exports and imports for the March quarter. However, industry insiders expect the trend to accelerate given that Maruti Suzuki began exporting the Jimny SUV to Japan this January. 'Over decades, we have built a base in quality, cost, efficiency and technology in car manufacturing. This has given us volumes and economies of scale,' said Rahul Bharti, senior executive officer at Maruti Suzuki India, adding that going ahead, the company would also export a 'large number' of e Vitara electric SUVs, manufactured in India, to the developed markets of Europe and Japan. Japan is itself a major carmaker and top exporter, shipping out 5.12 million vehicles in 2024. While Honda Cars India exported 45,167 units of SUV Elevate — mostly to Japan — more than double of the 22,321 units it sold in the local market, Maruti Suzuki has on sale SUVs Fronx and Jimny in the country. Notably, parent Suzuki had to initially pause fresh bookings for the Jimny five-door due to higher-than-expected demand post launch. The car secured around 50,000 orders within four days of launch in Japan.'Indian OEMs have been not only expanding into key markets such as Africa and Latin America but are also beginning to enter developed markets (like Japan) with globally competitive models,' said Shailesh Chandra, president, Society of Indian Automobile Behl, vice president, Honda Cars India said the company aims to establish India as a 'key export hub in its business globally'. While the proportion of exports is likely to remain at about 30%, absolute volumes will rise over the next few years as the company's total volumes grow on the back of new model introductions in India. In the two-wheeler segment, Yamaha is planning to shortly commence exports of premium motorcycles to Japan. Itaru Otani, chairman, Yamaha Motor India Group, said, 'The sourcing cost, the labour cost, is quite low in India compared to other countries.''We are exporting nearly a third of our output to 58 countries already. We started exports to Europe from India at the end of last year. The next step is to ship to other advanced markets like Japan and the US,' said India's car exports grew by 15% to 770,364 vehicles last fiscal, widely outperforming a 2% rise in domestic sales at 4.3 million vehicles. While more than 27% of vehicles exported are compact passenger cars — measuring up to 4 metres in length and up to 1.4-litres — the share of compact SUVs — also up to 4 metres in length — are on the rise. COMPACT SUVS FARE WELL Chandra said exports of compact SUVs are performing well, currently comprising more than a quarter of total exports. 'There is also a steady demand of mid-sized passenger cars having engines up to 1.6-litre, constituting about 20% of the share of PV exports,' he said, adding exports of utility vehicles — of 4-4.4 metre length — have also risen significantly with a more than 18% share of overall exports,'As an industry, we would closely monitor global geopolitics and would leverage any opportunities that exist in enhancing exports,' Chandra their part, passenger vehicle makers have set an ambitious aim of doubling car exports to 30% over the next five years.
