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Exports: India’s automobiles sales increased 35.9% in 2021-22

Fiinews by Fiinews
February 4, 2023
in Exports
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Patel says Indian missions promote trade, tourism, technology and investment goals

Indian automobile sales increased by 35.9% to 5,617,246 in 2021-22 from 4,134,047 in 2020-21, parliament was told on 3 Feb 2023.

Passenger vehicle exports increased 42.9% to 577,875 in 2021-22 from 2020-21’s 404,397 in 2020-21, and commercial vehicle increased by 83.36% to 92,297 in 2021-22 from 50,334 in 2020-21.

Minister of State for Commerce and Industry Anupriya Patel highlighted measures undertaken by the Government to promote India export including Foreign Trade Policy (2015-20) extended up to 31 March 2023.

Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended up to 31 March 2024.

Active role of Indian missions abroad towards promoting India’s trade, tourism, technology and investment goals has been enhanced, the Minister said. fiinews.com

Tags: Ministry of Commerce and Industry
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