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Auto exports decline 21% in 2023: SIAM - Business Telegraph

Auto exports decline 21% in 2023: SIAM - Business Telegraph
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Auto exports decline 21% in 2023: SIAM

Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5% to 6,77,956 units last year from 6,44,842 units in 2022. ....

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Automobile exports from India dip 21 pc in 2023: SIAM

Automobile exports from India dip 21 pc in 2023: SIAM
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India's record car sales in 2023: Here's a look under the hood

The pandemic depressed the passenger vehicle market across the world. India emerged as the fastest-growing automobile market for a key reason. Semiconductor chips, important components for cars, went scarce due to the pandemic disrupting supply chains. And when the pandemic effect started waning, there was a big scramble for those chips. India was able to produce cars faster than other major markets because its cars have fewer chips. ....

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