Passenger vehicle exports dip 58% in H1 on Covid-19 disruptions

Passenger vehicle exports dip 58% in H1 on Covid-19 disruptions


Passenger vehicle exports from India declined 57.52 per cent in April-September interval of the present fiscal yr as Covid-19 associated disruptions hampered despatches to numerous world markets.

According to the most recent knowledge by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle exports in the primary half of 2020-21 stood at 1.55 lakh models in contrast with 3.65 lakh models in the year-ago interval.

Car exports

Passenger automotive exports throughout the interval beneath assessment stood at 1 lakh models, down 64.93 per cent (2.86 lakh models). Similarly, utility vehicle shipments noticed a drop of 29.67 per cent at 54,375 models from (77,309).

Van shipments additionally witnesssed a drop of 80.91 per cent at 252 models (1,320 models).

“This could be largely attributed to the Covid-19 associated disruptions globally, which has led to closure of vegetation and dealerships, provide chain disruptions, curfews in cities and interruptions in worldwide commerce,” SIAM’s Director-General, Rajesh Menon, informed PTI.

Slow enchancment

However, with the comfort in lockdown norms globally, exports have improved in the current previous and the month-to-month shipments in second half of the present fiscal are anticipated to be larger, he added.

During the second quarter (July-September), PV exports declined by 41.96 per cent to 1.11 lakh models (1.92 lakh models).

All the key PV exporters noticed important drop in their abroad shipments throughout the first six months of the present fiscal.

All OEMs hit

Hyundai Motor India exported 32,041 models, down 68.98 per cent; Maruti Suzuki India exported 31,549 models, down 40.02 per cent; Ford India shipped 26,089 models to abroad markets, down 63.69 per cent; General Motors India exported 16,630 models, down 58.52 per cent; and Volkswagen India exported 15,492 models throughout the interval beneath assessment, down 59.13 per cent.

Kia Motors India shipped 16,606 models throughout the interval. (It began exports in September 2019 with a consignment of 471 models.)

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