Automobile shipments from India declined 21% last year due to monetary crises in overseas markets, according to SIAM data. Overall exports fell to 42,85,809 units from 52,04,966 units in 2022. Passenger vehicle shipments increased by 5% to 6,77,956 units, while commercial vehicles, two-wheelers, and three-wheelers saw declines in exports. Two-wheeler exports slipped 20% to 32,43,673 units, and three-wheeler exports declined 30% to 2,91,919 units.
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