Car exports have seen great progress throughout 2021-22. The whole variety of vehicles exported elevated from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a constructive progress of 35.9 per cent. Union Minister of State for Commerce and Business Anupriya Patel mentioned in response to a query within the Parliament on Friday – Out of this, the export of passenger autos together with automobiles elevated from 4,04,397 in 2020-21 to five,77,875 in 2021-22, during which 42.9 % registered a constructive progress of 1.5% and business automobile exports elevated from 50,334 in 2020-21 to 92,297 in 2021-22, registering a constructive progress of 83.36 per cent.
As per the reply, the Central Authorities has taken a number of measures to advertise India’s exports. The International Commerce Coverage (2015-20) has been prolonged as much as March 31, 2023 and the Curiosity Equalization Scheme on Pre and Publish Cargo Rupee Export Credit has additionally been prolonged as much as March 31, 2024. As well as, help was offered via a number of schemes to advertise exports.
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