Auto industry seeks govt help to boost exports

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Indian auto industry is seeking government support in its effort to enter new geographies as it faces various barriers in traditional car export markets like Europe and Africa, said the media report.

Due to various regulatory issues in big export markets like Algeria and Sri Lanka and slowdown in Europe, passenger car exports were down 6.95 per cent to 3,12,190 units in the April-October period, as compared to 3,35,493 units in the same period of previous fiscal.

"We are working with the government, seeking their help to enter new geographies. We have submitted a detailed report to the Ministry of Commerce, informing them about the regions which have potential," Society of Indian Automobile Manufacturers (SIAM) Deputy Director General Sugato Sen told media.

The auto industry wants the government to facilitate exports into various new markets, including those in Latin America, he added.

"We want the government to support us to get into various markets including Chile, Peru, Colombia, Nigeria and South Africa. We don't even have FTA with Chile, which is one market with great export potential," Sen said.

Story first published: Tuesday, November 11, 2014, 12:40 [IST]
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