Car exports growth slips to six-year low at 2.6% in FY18

Volume seems to have been impacted post-GST

Ajay Modi  |  New Delhi 

Indian car exports, which expanded by 16 per cent in the last financial year, grew at a low single digit of 2.62 per cent during the April-August period, thanks to a decline seen by leading exporters like Hyundai and Nissan. Both are seeing a double-digit decline in shipments.  Data from the Society of Indian Automobile Manufacturers show that export of passenger vehicles (cars, utility vehicles and vans) from India expanded just 2.62 per cent during the April-August period of the current financial year to 303,801 units. In the corresponding period of FY17, exports had grown ...

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First Published: Wed, September 27 2017. 20:28 IST