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According to figures compiled by the SIAM, India’s car exports to Japan jumped to $616.45 million in the first nine months of 2024-25, which represents a close to 3-fold jump over the $220.62 million worth exports in full financial year of 2023-24

Two- wheeler dispatches from the companies to dealers stood at 10,55,777 units last month as against 10,14,827 units in June 2020.

Passenger vehicle sales in March 2021, stood at 2,90,939 units.

As per the latest data by the Society of Indian Automobile Manufacturers (SIAM) in FY21, passenger vehicle wholesales declined by 2.24 percent.

SIAM and ACMA have said the production linked incentive (PLI) scheme should not cannibalise existing exporters by incentivising new players.

"The government has always had a clear policy that we want to encourage Make in India and Made in India," he said.

In April-January, passenger vehicle shipments were still down by 43.1 per cent at 3,28,360 units as against 5,77,036 units in the same period of 2019-20 financial year.

As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 6.63 per cent to 14,29,928 units, compared to 13,41,005 units in January 2020.