GST impact: Car exports growth at 6-year low

Exports had grown at 12 per cent during the April-July period this year

Indian car exports, which expanded by 16 per cent last year, have grown at a low single digit of 2.62 per cent in the first five months of FY18. This is the lowest rate of growth in the last six years as players like Hyundai are facing challenges in the export market.

Data from the Society of Indian Automobile Manufacturers show that export of passenger vehicles (cars, utility vehicles and vans) from India has expanded by just 2.62 per cent during the April-August period of the current financial year to 303,801 units. In the