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

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

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. 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.

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The Hindu

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