Economy

Automobile exports from India decline by 5% in 2016

PTI New Delhi | Updated on January 12, 2018 Published on January 15, 2017
Two-wheeler and three-wheeler exports pulled down the overall exports. File Photo

Two-wheeler and three-wheeler exports pulled down the overall exports. File Photo

Major markets in Latin America and Africa continued to reel under high inflation and currency devaluation, impacting demand for vehicles exported from India.

India’s automobile exports across categories fell 5 per cent in 2016 dragged down by lower sales of two and three-wheelers in various markets, including Latin America and Africa.

According to latest data by Society of Indian Automobile Manufactures (SIAM), overall exports during the last year stood at 34,34,322 units as compared to 36,14,851 units in 2015, down 4.99 per cent.

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.

Three-wheelers exports stood at 2,88,732 units in 2016 as compared to 4,24,881 units in January-December period of 2015, down 32.04 per cent.

Two-wheeler exports last year stood at 22,94,123 units as compared with 24,60,471 units in 2015, down 6.76 per cent.

Motorcycle shipments during the year stood at 19,81,927 units, down 10.96 per cent, as compared to 22,25,837 units in 2015.

Scooter exports were up 33.95 per cent during the year at 2,94,318 units as against 2,19,724 units in 2015.

Commenting on the situation, Price Waterhouse Partner and auto expert Abdul Majeed told PTI, “Most of the exports markets are not doing well, especially countries depending on commodity and oil exports. The whole of South American and African economies are struggling.”

Exports of passenger vehicle, however, increased by 17.13 per cent to 7,38,454 units in 2016 as compared to 6,30,474 units in 2015.

Utility vehicles saw the biggest jump in exports at 1,56,295 units, up 52.62 per cent, from 1,02,411 units in 2015. Overseas shipments of passenger cars stood at 5,79,635 units, up 10.12 per cent from 5,26,385 units in 2015.

Van exports rose 50.42 per cent to 2,524 units.

Similarly, total exports of commercial vehicles stood at 1,11,319 units in 2016, up 12.55 per cent from 98,909 units in 2015.

In the domestic market, sales across categories rose by 9.17 per cent at 2,19,01,572 units in the January-December period of 2016 as compared with 2,00,61,389 units in 2015.

Two wheeler sales rose by 9.7 per cent to 1,76,86,563 units during the year, despite taking a hit of over 22 per cent in December sales owing to high value currency pullback initiative by the government.

Total three-wheeler sales rose 6.12 per cent, commercial vehicles by 7.67 per cent, while passenger vehicles increased by 7.01 per cent in the domestic market during 2016.

Published on January 15, 2017

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.