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Car imports from India to UK jumped by over 8% in 2017

03-Feb-2018
Car imports from India to UK jumped by over 8% in 2017

NEW DELHI: Car imports from India to the UK spiked last year with an 8.3 per cent hike in registration of Indian-built vehicles by buyers in Britain, authorities said. While imports were strong, exports to India declined, according to the latest UK automotive industry figures released here. The Society of Motor Manufacturers and Traders (SMMT) found that the popularity of Indian-built cars marked a spike in the UK last year, with buyers in Britain registering 34,149 cars imported from India.

This represents an 8.3 per cent hike as compared to 2016 imports, according to the industry figures.

However, India's rank came down from eighth in 2016 to 12th last year on the list of Britain's biggest Asian markets, as exports of cars to India from the UK declined by 66.0 per cent to 1,144 units as compared to 3,372 units in 2016.

The decline follows investment by some manufacturers in local assembly, shipping components to India rather than fully assembled vehicles to operations there.


Source:- Dailyshippingtimes.com








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