January 15, 2017 6:36 PM

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Automobile exports from India decline by 5%; Domestic auto sales raised by 9.2%

Domestic auto sales across categories raised 9.2 percent to nearly 2.2 crore units in 2016. Two wheeler sales climbed 9.7 percent to 1.76 crore units during the calendar year. Total three-wheeler sales grew 6.1 percent; commercial vehicles sales rose 7.7 per cent, while passenger vehicles sales went up over 7 percent in the domestic market during 2016.But country's automobile exports across categories fell 5 percent in 2016. According to latest data by Society of Indian Automobile Manufactures, overall exports during the year 2016 stood at 34.34 lakh units. Two-wheeler and three-wheeler exports pulled down the overall exports during the last year even as overseas shipments in segments like passenger vehicles and commercial vehicles grew in double digits.Major markets in Latin America and Africa continued to reel under high inflation and currency devaluation thereby impacting demand for vehicles exported from India.

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