Auto Industry Seeks Government Support to Increase Exports
Oncars India | October 19, 2014 12:54 PM IST
Up against road blocks in traditional car export markets; Indian auto industry is looking to government support in its effort to enter new geographies. Due to various regulatory issues in big export markets like Algeria and Sri Lanka and slowdown in Europe, in the April-September period, passenger car exports are down 8.27 per cent to 2,68,727 units as compared to 2,92,952 units in the same period of previous fiscal. Now car makers are looking at new avenues and have identified about over 20 new regions to keep overseas sales ticking.