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
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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First Published:14 Jan 2021, 05:06 PM IST
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