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Export of total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a positive growth of 35.9% |
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| 7-12-2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Export of total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a positive growth of 35.9%. Out of this, export of Passenger vehicles including cars increased from 4,04,397 in 2020-21 to 5,77,875 in 2021-22, registering a positive growth of 42.9%, Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel said in reply to a parliamentary question today. India’s export of automobiles including cars during the last three years and current year are given below:
(Source SIAM) Government of India has been taking various proactive measures to boost export of automobiles, which include: (i) Foreign Trade Policy (2015-20) has been extended upto 31-03-2023 in view of the Covid-19 pandemic situation. (ii) Various schemes like Advance Authorisation, Export Promotion Capital Goods Scheme, Remission of Duties and Taxes on Export Products (RoDTEP) etc have been provided. (iii) Active role of Indian Missions abroad towards promoting India’s exports have been enhanced and access to NIRYAT portal for export monitoring has been provided. (iv) RBI has decided to set up additional arrangement for invoicing, payment, and trade settlement in Indian Rupees. (v) Government of India has recently signed Free Trade Agreements (FTAs) including trade agreements with UAE and Australia to get favourable market access for the automobile industry among others. (vi) Government of India has approved Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry with budgetary outlay of Rs 25,938 crore over the period of five years. (vii) Government has notified various regulations from time to time to harmonize Indian motor vehicle standards with global standards. This information has been provided by Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel said in reply to a parliamentary question today. |
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