NEW DELHI : Passenger vehicle exports from India declined by 39% in the last fiscal as disruptions caused by COVID-19 pandemic put brakes on the overseas shipments.
Most of the damage was done in the first six months of the last fiscal when pandemic-led lockdowns and other logistics, supply chain issues impacted the export of vehicles.Industry tried its best to catch up in the second half of the fiscal when things became relatively better but could not match up to the FY20 performance.According to the SIAM data, passenger vehicle (PV) exports declined by 38.92% in 2020-21 to 4,04,400 units from 6,62,118 vehicles in 2019-20.Passenger car dispatches declined by 44.32% to 2,64,927 units last fiscal compared to 4,75,801 units in FY20.Similarly,.