Car exports move into lower gear as more nations move towards protectionism

The country's largest car maker and third largest exporter, Maruti Suzuki, has seen its export dip 14 per cent to 77,258 vehicles this year

India’s ambition of becoming a large competitive base for car exports has hit a speed-breaker as some of the importing nations act to discourage imports by putting in place non-tariff barriers. 

Shipments from the country grew consistently for six years before registering a marginal drop of over a per cent in FY18. This reversal is not an aberration and export of passenger vehicles cars, vans and utility vehicles has seen a dip of more than eight per cent in the first nine months of FY19. 

The two consecutive years of decline comes after exports hit an all-time high of 758,830