Maruti Suzuki India is on track to export over 4 lakh vehicles this fiscal year, having already shipped more than two lakh units in the April-September period, according to a senior company executive.

The country's largest carmaker has reported a 52% y/y in exports to 42,204 units in September, compared to 27,728 units in the same month of the previous year.

“In Q1, we exported about 1.10 lakh units, and in the first half (April-September), we have done over 2.07 lakh units. So, we are on track to achieve the 4 lakh unit forecast that we have given,” Maruti Suzuki India Senior Executive Officer (Corporate Affairs) Rahul Bharti stated.

He said that the company's exports are more than double those of the nearest domestic competitor. “Normally, we talk about cutthroat competition. There are 18 players in the market...the exports of Maruti Suzuki are more than double our nearest exporter in the country,” he said. So, just like in the domestic sales, the automaker now has a huge lead over the nearest player in the overseas shipments as well, he added. 

“What is also very interesting is the absolute growth. I recall that about four years ago, we used to do about one lakh unit exports in a year.”