Export in Automobile Industry

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Export in Automobile Industry
File Photo : Image for representational purpose only

As per the information made available by Society of Indian Automobile Manufacturers the details of quantum and value of exports done by automobile industry is given below:

 

            Automobile export6

2016-17

2017-18

2018-19

Number of vehicles Exported

( in thousands)

3480

4042

4629

Value in USD Million

9634.33

10935.76

11026.99

Growth %

16.15

14.50

(Source: SIAM)

 

Further details regarding exports of Indian automobile industry are available at   www.dgciskol.gov.in< Data Dissemination Portal of Directorate General of Commercial Intelligence and Statistics, Ministry of Commerce and Industry.

There is cyclical slowdown across sectors including automobile sector since last few months.  But the festival demand has shown year on year growth at 0.3% in the passenger vehicle segment. Retrenchment of temporary workers has been reported by the industry.  However, no confirmed data on job loss is available with the Government.

The Government, as a policy maker, always attempts to keep and improve momentum of the economy through a package of measure for comprehensive and continued development of the industry as and when required.

This information was given by the Minister of Heavy Industries & Public Enterprises, Prakash Javadekar, in a written reply in the Lok Sabha today.