Export of automobiles surges 35.9% from 2020-21 to 2021-22
Registering a positive growth of 35.9%, export of total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22. Out of this, export of passenger vehicles including cars increased from 4,04,397 in 2020-21 to 5,77,875 in 2021-22, registering a positive growth of 42.9%.
As per the notification released by Ministry of Commerce & Industry, commercial vehicle increased from 50,334 in 2020-21 to 92, 297 in 2021-22, registering a positive growth of 83.36%. Besides, 9.89% of Motor Vehicle/Cars were exported from Haryana in total export of vehicles during 2021-22.
The notification further listed various measures taken by the government to promote India’s export such as Foreign Trade Policy (2015-20) extended upto March 31, 2023; assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme; and Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
