Indian auto industry has sold passenger vehicles worth $481 million in 2009-10 to Britain, which makes it India’s largest automobile export market.
“Our automobile exports to UK have grown by over 8 times in the last 4 years from $52 million in 2006-07 to $481 million in 2009-10,” said the Federation of Indian Chambers of Commerce and Industry (FICCI).
Italy is the second largest export market with $433.77 million, followed by Germany, the Netherlands and South Africa at $233.22 million, $217.51 million and $209.95 million in 2009-10 respectively. According to FICCI, passenger vehicles constituted the major portion of total automobile exports of India.
However, the list of countries has since been expanded and so has the number of units being exported. The Netherlands tops the list, accounting for 84,727 units out of total exports, while Algeria and Italy have imported 75,060 units and 54,273 units, respectively. UK and Chile stood at 4th and 5th position in the list of top buying nations, accounting for 50,916 units and 49,299 units, respectively.
“Around 76 percent of India’s automobile exports are that of passenger vehicle. The second important category of our automobile exports is two wheelers.”
According to FICCI, Singapore has emerged as the top most destination for India’s commercial vehicle exports, whereas United States remains the largest tractor export market, with Nepal emerging as an important market for this segment.
“USA is still the single largest export destination for India’s tractors despite our exports of tractors to USA falling from $129 million to $109 million during 2006-09.”