Auto Industry Looks at Government Support to Increase Exports

Highlights
Up against road blocks in traditional car export markets, Indian auto industry is looking to government support in its effort to enter new geographies. Due to various regulatory issues in big export markets like Algeria and Sri Lanka and slowdown in Europe, in the April-September period, passenger car exports are down 8.27 per cent to 2,68,727 units as compared to 2,92,952 units in the same period of previous fiscal.
Now car makers are looking at new avenues and have identified about over 20 new regions to keep overseas sales ticking. "To get into these new markets we would require policy support from the government," Society of Indian Automobile Manufacturers (SIAM) Director General Vishnu Mathur told PTI.
Elaborating the demand, he said taxation and non-tariff barriers in those markets make exports from India uncompetitive and want the issue to be taken up at government level. "In Sri Lanka, we are facing high taxation issues while Algeria has brought in changes in the technical regulations overnight, thereby impacting the exports to these markets," Mathur said.
He said that SIAM is in talks with government to help them reach out to over 20 high potential export markets, including those in Latin America, Africa and Middle East to ramp up exports. "As part of the overall strategy to enhance exports of passenger cars, we are looking at over 20 markets because the the traditional export markets are not doing well," Mathur said, adding, SIAM has already communicated with the government in this regard.
Last month, the passenger car exports were down 9.92 per cent to 50,860 units as against 56,460 units in the year-ago period. Total exports of passenger vehicle (PVs) that include passenger cars, utility vehicles and vans, also declined marginally to 3,07,473 units in the April-September period as compared to the previous fiscal.
In September PVs segment export declined by 5.45 per cent to 57,609 units, as compared to 60,928 units in the same period last year.
Mathur said issues like tariff barriers, high taxation and change in technical parameters in some of the major export markets has led the Indian automakers to look out for additional markets. "Europe has been a big export market for us but it is not doing well," Mathur said.
Last Updated on October 20, 2014
Great Deals on Used Cars
View All Used Cars
- 57,276 km
- Petrol
- Manual

- 62,504 km
- Petrol
- Manual

- 25,354 km
- Petrol
- Manual

- 30,571 km
- Petrol
- AMT

- 54,918 km
- Petrol
- Manual

- 70,457 km
- Petrol
- Manual

- 17,000 km
- Petrol
- Manual

- 55,496 km
- Petrol
- AMT

- 39,692 km
- Petrol
- AMT

- 44,112 km
- Diesel
- Automatic
Upcoming Cars










Upcoming Bikes










Explore More
Latest News
Related Articles

2 hours ago
The new video shows the subcompact SUV’s redesigned tail section and confirms that it will get ADAS functions

3 hours ago
The Mercedes-AMG CLE 53 4MATIC+ Coupe has an upgraded 3.0-litre inline six-cylinder turbo engine producing 442 bhp and 560 Nm torque.

5 hours ago
The Swift will be powered by a 1.2 litre, 3-cylinder petrol engine that puts out 81 bhp and 108 Nm of torque

5 hours ago
The Revuelto is powered by a 6.5 litre V12 engine mated to three electric motors that churn out a combined 1001 bhp

6 hours ago
Kia India takes the wraps off its new EV charging initiative, the K-Charge. It will be available to non-Kia EV owners as well.

6 hours ago
Milestone was reached about 7 years after the plant commenced operations in February 2017.

7 hours ago
Hero MotoCorp and Ather Energy come together to form a partnership for an inter-operable fast-charging network in India.

8 hours ago
Kawasaki is offering discount vouchers on the Vulcan S, Ninja 400, Ninja 650 and Versys 650 in its lineup with benefits going up to Rs. 60,000

8 hours ago
India-spec compact SUV to get a different design from the model sold in global markets.

1 month ago
The rally showcased a fleet of over 100 electric vehicles, including 2-wheelers, 3-wheelers, cars, and buses

1 month ago
Passenger vehicle wholesales grew 3 per cent, two-wheeler wholesales see flatter growth at 0.84 per cent.

2 months ago
The Indian auto industry showcased mixed results in April 2017. Although year on year sales for most manufacturers are higher, a few manufacturers have registers a lower sales figure as compared to March 2017.

2 months ago
Addressing the 63rd SIAM annual convention, the road transport minister dubbed diesel as a “very hazardous” fuel.
