Auto exports slump 73% in May due to lockdown disruptions: EEPC India

In April-May period of the ongoing financial year, the exports dropped by 83 per cent to $281.1 million from $1,632.7 million in the year ago period, it said

The auto exports plunged 73 per cent last month to $230.3 million (about Rs 1,736 crore) as compared to the year-ago period with shipments to key markets like the US and Mexico registering a sharp decline owing to supply-chain issues due to lockdown, EEPC India said on Monday.

The exports of auto components too suffered a major setback during the month with important markets including the US, Mexico, Germany, and Japan reporting "de-growth in the range of 34-68 per cent," the Engineering Exports Promotion Council (EEPC) India said in a release.

"Covid-19 public health crisis has taken a massive toll