Passenger vehicle exports likely to drop this year, first time since FY11

Even Tata Motors saw its passenger car exports halve to 1,003 units in April-Feb 2017-18

Passenger vehicle (PV) exports are likely to witness a fall this financial year, for the first time since 2010-11, as leading exporters like Hyundai Motor India and Nissan Motor India have seen a significant drop in exports. So far, during this fiscal (April -February period), passenger vehicle exports have declined by 1.8 per cent, thanks to drop of 3.48 per cent in passenger car exports and 27.4 per cent in van exports. 

Exports for the full year 2017-18 is unlikely to recover and end on a positive note. As per Society of Indian Automobile Manufacturers (SIAM) data sourced from Capitaline,