Export of automobiles registers a growth of 35.9% from 2020-21 to 2021-22

The export of the total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a growth of 35.9%. Out of this, the export of passenger vehicles including cars increased from 4,04,397 in 2020-21 to 5,77,875 in 2021-22, registering a growth of 42.9% and commercial vehicle increased from 50,334 in 2020-21 to 92,297 in 2021-22, registering a growth of 83.36%, the Minister of State in the Ministry of Commerce and Industry, Ms. Anupriya Patel said in reply.

It has been reported that about 9.89% of motor vehicles/cars were exported from Haryana in the total export of vehicles during 2021-22.

The Government is taking various measures to promote India’s export like the Foreign Trade Policy (2015-20) has been extended up to March 31, 2023, assistance is also being provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES), and Market Access Initiatives (MAI) Scheme, Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters. In addition to it, Districts as Export Hubs have been launched to identify products with export potential in each district, and the active role of Indian missions abroad towards promoting India’s trade, tourism, technology, and investment goals has been enhanced.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.