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Business News/ News / India/  India's automobile exports drop 18.87% in 2020: SIAM
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India's automobile exports drop 18.87% in 2020: SIAM

Overseas shipments of vehicles in the Jan-Dec period last year stood at 38,65,138 units as against 47,63,960 units in the same period in 2019, SIAM said.
  • One of the main reasons for the drop in automobile exports was the dip in shipments of PVs, which were down 39.38% last year at 4,28,098 units as compared to 7,06,159 units in 2019
  • Passenger cars exports dropped by 47.89% at 2,76,808 units last year as against 5,31,226 units exported in 2019 (Photo: Mint)Premium
    Passenger cars exports dropped by 47.89% at 2,76,808 units last year as against 5,31,226 units exported in 2019 (Photo: Mint)

    NEW DELHI : Automobile exports from India declined 18.87% in 2020, a year marked by coronavirus pandemic induced disruptions across the globe, according to the latest figures by Society of Indian Automobile Manufacturers (SIAM).

    Overseas shipments of vehicles in the January-December period last year stood at 38,65,138 units as against 47,63,960 units in the same period in 2019, SIAM said.

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    One of the main reasons for the drop in automobile exports was the dip in shipments of passenger vehicles, which were down 39.38% last year at 4,28,098 units as compared to 7,06,159 units in 2019.

    Passenger cars exports dropped by 47.89% at 2,76,808 units last year as against 5,31,226 units exported in 2019. Utility vehicles exports also dropped by 12.60% at 1,49,842 units as compared to 1,71,440 units in the previous year, according to SIAM.

    Another category that contributes majorly to the export basket, two-wheelers, also suffered a dip of 12.92% last year at 30,06,589 units as compared to 34,52,483 units in 2019, with scooters witnessing a decline of 37.28% at 2,33,327 units as against 3,72,025 units in the previous year.

    Motorcycle exports were also down 9.87% in 2020 at 27,64,301 units as compared to 30,67,153 units in the previous year.

    Similarly, overseas shipments of three-wheelers were down 27.71% at 3,82,756 units as compared to 5,29,454 units in 2019.

    SIAM said total commercial vehicles exports declined by 36.80% at 44,687 units as compared to 70,702 units in 2019.

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    Published: 14 Jan 2021, 05:06 PM IST
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