Pune-based automobile parts ecommerce platform SparesHub is catering to B2B customers and promises better pricing and same-day delivery of spare parts.
Indian auto sector going through long-term structural slowdown: SIAM orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Economic Survey: COVID-19 forces auto sector out of country’s top 10 exporters’ list
India exports 17-20 percent of its automobile production with Africa, Latin America, Asia and the Middle East among top export destinations January 29, 2021 / 05:17 PM IST
The COVID-19 pandemic has crippled the automobile sector forcing it out of its spot on the country s top 10 exported commodities list for the first time since FY18. Products of iron and steel replaced the auto sector in FY21 in the list.
According to the data shared in Economic Survey 2020-21 released on January 29, the share of motor vehicle/cars fell below 2.2 percent during the April to November period. The sector entered the top 10 list in 2018-19 with a share of 2.6 percent which fell to 2.5 percent in 2019-20.
»Auto Sector No More in List of India s Top 10 Exporters Due to Covid: Economic Survey 2021
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Auto Sector No More in List of India s Top 10 Exporters Due to Covid: Economic Survey 2021
Chief Economic Advisor KV Subramanian launches Economic Survey. (Photo credit: ANI Twitter)
According to the data shared in Economic Survey 2020-21 released on January 29, the share of motor vehicle/cars fell below 2.2 percent during the April to November period.
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The COVID-19 pandemic has crippled the automobile sector forcing it out of its spot on the country s top 10 exported commodities list for the first time since FY18. Products of iron and steel replaced the auto sector in FY21 in the list.
Read more about Auto sector going through long-term structural slowdown, CAGR dips: SIAM on Business Standard. The study clearly shows that the pandemic is not the only reason for the auto sector slowdown, which is facing deeper structural issues that need attention, the industry body noted