At a time when domestic auto sales have been choked by Covid-19, Indian manufacturers finally have something to cheer about: the export market.
India’s total auto exports in the first quarter of fiscal 2021-22 (Q1, from April to June) was 1.4 million units, over three times the figure in the same period in the previous year.
Sales of passenger cars from the Indian arms of South Korean firms Hyundai Motor and Kia in the US market increased by 48 per cent in the first half of this year on a year-on-year basis, breaking the highest sales record of both companies.