Saturday, March 25

Automatic vehicle exports reports a growth of 35.9% from 2020-21 to 2021-22

New Delhi : Exports of automatic vehicles have increased and 41,34,047 vehicles were exported in the year 2020-21, registering a growth of 35.9 percent to 56,17,246 vehicles in the year 2021-22. 4,04,397 cars and all other passenger transport vehicles were exported in 2020-21, a growth of 42.9% to 5,77,875 passenger vehicles in 2021-22.

50,334 vehicles used for commercial purposes were exported in 2020-21, an increase of 83.36% to 92,297 commercial vehicles in 2021-22. Union Minister of State for Commerce and Industry Anupriya Patel gave this information while replying to a question in Parliament.

Exports of all vehicles including vehicles used for passenger transport as well as commercial purposes from India in the last two years are as follows:

Export Data of all Vehicles in India

Category 2020-21 2021-22 % Change
Passenger Vehicles 4,04,397 5,77,875 42.9
Commercial Vehicles 50,334 92,297 83.4
Three Wheelers 3,93,001 4,99,730 27.2
Two Wheelers 32,82,786 44,43,018 35.3
Quadricycle 3,529 4,326 22.6
Grand Total 41,34,047 56,17,246 35.9

Out of the total vehicles exported in the year 2021-22, 9.89% of motor/cars were exported from the state of Haryana alone.

To promote the export of vehicles from India, the Central Government has implemented the following initiatives:

  • Foreign Trade Policy (2015-20) extended upto 31-03-2023.
  • Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended upto 31-03-2024.
  • Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.
  • Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour-oriented sector export has been implemented since 07.03.2019.
  • Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented since 01.01.2021. With effect from 15.12.2022, uncovered sectors like pharmaceuticals, organic and inorganic chemicals and article of iron and steel has been covered under RoDTEP. Similarly, anomalies in 432 tariff lines have been addressed and the corrected rates have been implemented with effect from 16.01.2023.
  • Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
  • Districts as Export Hubs has been launched by identifying products with export potential in each district, addressing bottlenecks for exporting these products and supporting local exporters/manufacturers to generate employment in the district.
  • Active role of Indian missions abroad towards promoting India’s trade, tourism, technology and investment goals has been enhanced.