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TMI BlogExport 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%X X X X Extracts X X X X X X X X Extracts X X X X ..... 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% - News and Press Release Dated:- 7-12-2022 - News - 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 fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om 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: (Number of Vehicle) Category 2019-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2020-21 2021-22 Passenger Cars 4,75,801 2,64,907 3,74,986 Utility Vehicles 1,83,468 1,37,842 2,01,036 Vans 2,849 1,648 1,853 Total Passe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nger Vehicles 6,62,118 4,04,397 5,77,875 M HCVs 22,333 17,548 32,181 LCVs 38,046 32,786 60,116 Total Commercial Vehicles 60,379 50,334 92 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,297 Three Wheelers 5,01,651 3,93,001 4,99,730 Scooters 3,69,998 2,32,020 3,50,330 Motorcycles 31,35,548 30,42,453 40,82,442 Mopeds 13,859 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8,313 10,246 Total Two Wheelers 35,19,405 32,82,786 44,43,018 Quadricycle 5,185 3,529 4,326 Grand Total 47,48,738 41,34,047 56,17,246 (Source S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IAM) 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 pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vided. (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 w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith 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 st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... andards 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. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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