January 15, 2017 5:47 PM

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Automobile exports from India decline by 5% in 2016

India'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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