India’s automobile exports surged by 14% in the first half of the fiscal year, reaching 25,28,248 units, up from 22,11,457 units the previous year, according to the Society of Indian Automobile Manufacturers (SIAM). This growth is driven by strong demand for passenger vehicles and two-wheelers, particularly from markets in Australia,...
India’s exports of vehicles declined across segments with the exception of passenger vehicles in 2022-23. While factors like global macroeconomic environment and dollar strength are cyclical, one clear reality that India needs to be cognisant of is the growing share of EVs in automotive exports and consequent decline in ICE-based...
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