India Sees Automobile Export Growth, Business and Industry Trends Analysis

Total passenger vehicle sales (including imports) for India reached 3.05 million units in fiscal 2017, up 9.23% over the previous year, 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 3.4 million new passenger vehicles were built in that nation during the 2015-2016 fiscal 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 a modest number of commercial vehicles.)  The Indian government has…

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