IBEF: March 23, 2017
New Delhi: According to UK's Society of Motor Manufacturers and Traders (SMMT), car exports from UK to India have grown 11 times in the past seven years to 3,372 cars in 2016, led by Jaguar and Land Rover models owned by Jaguar Land Rover, a subsidiary of Tata Motors. Discovery Sport, Range Rover Evoque, Jaguar XF, Jaguar XE and Jaguar F-Pace are the top five best-selling models in India. On the other hand, car registrations of Indian models in UK rose 12.6 per cent to 31,535 in 2016. The Indian automotive aftermarket bought car parts from UK worth GBP 14 million (US$ 17.48 million) in 2016 and is expected to grow 15 per cent per year over the next five years.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.