Share of export-bound cars at 10-yr low
Business Standard|May 24, 2024
India's share of production geared for export is the lowest in Asia, trailing South Korea, Thailand, Japan, and Indonesia.
DAS GUPTA
Share of export-bound cars at 10-yr low

In 2023, exports accounted for just 13 per cent of total PV production in India, down from 14 per cent in 2022 and a significant drop from the pre-pandemic level of 18 per cent in 2019. The peak was in 2014, with exports comprising 19 per cent of production, a record that remains unbroken, the data revealed. By contrast, in 2023, Japan exported half of its car production, South Korea 66 per cent, Thailand 61 per cent, and Indonesia 18 percent.

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