Automakers largely absorb the currency impact

Exchange risk management & natural hedges offset part of pressure

Ajay Modi  |  New Delhi 

The last part of a four-part series on the impact of a strong rupee on key export-oriented industries looks at the automobiles sector One of every five cars and every 10 two-wheelers produced in this country gets exported. India also exports commercial vehicles and three-wheelers in large numbers. In addition, automobile components worth Rs 70,000 crore get exported every year. Not to forget thousands of tractors and millions of tyres, to destinations across the globe. So, any strengthening of rupee against the dollar hits the sector, reducing the export income of companies ...

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Automakers largely absorb the currency impact

Exchange risk management & natural hedges offset part of pressure

Exchange risk management & natural hedges offset part of pressure The last part of a four-part series on the impact of a strong rupee on key export-oriented industries looks at the automobiles sector One of every five cars and every 10 two-wheelers produced in this country gets exported. India also exports commercial vehicles and three-wheelers in large numbers. In addition, automobile components worth Rs 70,000 crore get exported every year. Not to forget thousands of tractors and millions of tyres, to destinations across the globe. So, any strengthening of rupee against the dollar hits the sector, reducing the export income of companies ... image
Business Standard
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