Free Demo Request

Car exports slip 4% during April-February period

Date 15-Mar-2016
Subject Car exports slip 4% during April-February period


MUMBAI : Passenger car shipments from India declined 3.71% to 4,84,602 units in April-February period of this fiscal due to challenges in top export markets like Algeria, Europe and neighbouring countries.

Car makers had shipped 5,03,292 units in the same period of the previous fiscal.

According to industry body SIAM officials, the decline in car exports from India is due to issues in one of the biggest markets Algeria, which has brought in changes in technical regulations.

Moreover, in Sri Lanka Indian car exporters are facing high taxation issues while Europe, the biggest market for compact cars from India, is still recovering from a slump.

Source: Dailyshippingtimes.com

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard