India's Auto Export Surge: Maruti Suzuki, Hyundai, VW Leverage ICE Strength Against China's EVs in Emerging Markets

Overview

Global automakers like Suzuki (Maruti), Hyundai, and Volkswagen are using India as a key export hub for internal combustion engine (ICE) vehicles. This strategy aims to counter the rapid growth of Chinese electric vehicle (EV) exports in emerging markets like the Middle East and Africa, where EV adoption is still slow. Indian units are boosting exports, focusing on established ICE models while preparing for future electrification.