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India’s vehicle exports decreased by 18.87 percent in 2020: Siam

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Siam said that 38,65,138 vehicles were exported from India last year. (Token picture)

new Delhi:

Vehicle exports from India fell by 18.87 percent in the year 2020, affected by the Corona virus epidemic. This was found in the data of Society of Indian Automobile Manufacturers (SIAM), an association of automobile manufacturers. Siam said that 38,65,138 vehicles were exported from India last year, while in 2019, 47,63,960 vehicles were exported. One of the main reasons for the decline in vehicle exports was the decrease in passenger vehicle exports. During this period, exports of passenger vehicles fell by 39.38 percent to 4,28,098 units as compared to 7,06,159 units a year ago.

During this period, exports of passenger cars declined by 47.89 percent to 2,76,808 units. In 2019, 5,31,226 passenger cars were exported. Export of utility vehicles also decreased by 12.60 percent to 1,49,842 units as compared to 1,71,440 units during this period. Two-wheeler, another major contributor to exports, also saw a decline. Its exports fell 12.92 percent from 34,52,483 units to 30,06,589 units. Scooter exports fell 37.28 percent to 2,33,327 units from 3,72,025 units.

Motorcycle exports also declined by 9.87 per cent to 27,64,301 units in 2020 from 30,67,153 units in 2019. Similarly, exports of three-wheelers decreased by 27.71 per cent to 3,82,756 units in 2019 from exports of 5,29,454 units. Siam said that the total commercial vehicle exports decreased by 36.80 percent to 44,687 units in 2020 as compared to 70,702 units in 2019.

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(This news has not been edited by the NDTV team. It is published directly from the Syndicate feed.)

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