Passenger-car shipments from India fell 18.85 per cent to 33,909 components in January thanks to challenges in leading export markets like Algeria, Europe and neighboring countries.
Indian car-makers had shipped 41,787 the same month of the previous year.
In 2014/2015, Indian companies released passenger vehicles (PVs) worth $293 million to Algeria. Furthermore, PVs worth $158 million were exported to Sri Lanka. $335 million was accounted for by United-Kingdom.
According to Deputy Director General of SIAM, Sugato Sen : “We are facing issues in Algeria as they have brought in some changes in technical regulations. We have visited the country to sort out the issues. It is bothering us”.
Source :indiatransportportal.com
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