India Sees Automobile Export Growth, Business and Industry Trends Analysis

Total passenger vehicle sales (including imports) for India reached 3.29 million units April-March 2018 over the same period in the previous year, up 7.89% according to the Society of Indian Automobile Manufacturers.  The market has the potential to grow to much higher numbers over the mid-term.  The Society of Indian Automobile Manufacturers reported that 4.0 million new passenger vehicles were built in that nation during the 2017-2018 fiscal year, up from 38.0 million the previous year, and a large portion were exported to other nations.  (In addition, the nation builds millions of motor scooters, motorcycles and three-wheelers each year, plus…

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