Page 17 - Exports

TVS Motor's sales rise 15% to 333,787 units in August, exports slip

TVS Motor Company on Thursday reported a 15 per cent growth in total sales at 3,33,787 units for August 2022. The company had sold 2,90,694 units in the same month last year, TVS Motor Co said in a statement. The total two-wheelers sales grew by 15 per cent last month to 3,15,539 units compared to 2,74,313 units in August 2021. Domestic two-wheeler sales were 2,39,325 units against 1,79,999 units in the year-ago month, a growth of 33 per cent. Motorcycle sales grew by 17 per cent to 1,57,118 units compared to 1,33,789 units in August 2021. Scooters sales rose 40 per cent to 1,21,866 units in August 2022 from 87,059 units a year ago. The company said three-wheeler sales last month stood at 18,248 units compared to 16,381 units in the year-ago period, up 11 per cent. The total exports of vehicles slipped to 93,111 units in August 2022 from 1,09,927 units in August 2021. TVS said sales of its electric scooter TVS iQube Electric stood at 4,418 units last month against 649 units in A

India could soon approve sugar exports in two tranches, says report

Exports by India, which has restricted shipments in the current season, could weigh on global prices, and help swell supplies across Asia

Goyal reviews ongoing FTAs; deliberates ways to fast track negotiations

India is currently negotiating trade deals with developed nations such as the United Kingdom (UK), Canada and the European Union (EU).

Looking at duty-free access for ODOP products in FTAs: Piyush Goyal

The minister also called for integration of One District One Product initiative with ONDC

Merchandise exports likely to be around $470-480 bn in FY23: Commerce Secy

India's merchandise exports are likely to be around USD 470-480 billion in the current fiscal against USD 420 billion in 2021-22, Commerce Secretary BVR Subrahmanyam said on Tuesday. The secretary also said the trade deficit, which crossed USD 100 billion in the first four months of the current fiscal, will not cross the "discomfort level". Talking to reporters, Subrahmanyam said the merchandise trade during 2022-23 will be USD 470-480 billion and the services sector is likely to contribute another 280 billion. "We are pretty much on track," he said, adding the exact target for the fiscal may be announced later. India's overall exports (merchandise and services) touched an all-time high of USD 669.65 billion in April-March 2021-22, jumping by 34.50 per cent over the same period last year. On trade deficit, the secretary said it is likely to moderate in the coming months because softening of prices of oil and other commodities in the global market. "I think in totality we are not

Manufacturing sector to be impacted in FY23 as exports take a hit: Report

The Indian manufacturing sector, which received a fillip in FY22 due to export growth, is likely to be hit by a slump in foreign trade activity in FY23, a report said on Thursday.

Asia exports slip into deeper downturn as tech boom goes bust, warn lenders

Asia's export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes

Exports to take severe beating if recession hits US, Europe: Experts

The US economy declined for the second-straight quarter from April to June

India makes cautious reaction to Russia-Ukraine grain exports deal

In a guarded reaction to the UN-brokered grain exports agreement between Russia and Ukraine, India on Thursday said it would be welcomed by all if the understanding helps in getting more food grains

2-wheeler makers accelerate global expansion plans as exports gain traction

The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets

Internationalisation is the priority

Indian firms need to engage with global peers in their production reconfiguration

Russia, Ukraine sign deal to resume grain exports to international markets

Russia and Ukraine separately signed a deal in Istanbul with Turkiye and the United Nations to resume grain shipments from Ukrainian ports to international markets via the Black Sea

J-K exports can increase 3 times in next 5 years, says LG Manoj Sinha

Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, launched the first District Export Plans on Friday in the presence of Union Minister of State for Commerce and Industry Anupriya Patel.Speaking at the event, held at Sher-i-Kashmir International Conference Centre on the banks of Dal Lake, said that efforts are being made to ensure every district from the northern state exports something or the other."We will try to export from every district of Jammu and Kashmir in the coming time. We are running with a target that we can increase exports by 3 times in the coming 5 years," said Sinha.The initiative has been taken up with an aim to provide a platform for all stakeholders of industries, and commerce including horticulture, art and craft."With a vision to convert all 20 districts into an export hub, J & K UT unveiled its District Export Plans in presence of Hon'ble Union MoS, Commerce and Industry Anupriya S Patel. The region possesses several comparative advantages like climate,

India's trade with crisis-hit Sri Lanka 'at standstill': Exporters

Exporters are very cautious because of the political crisis and payment issues: FIEO Vice-Chairman Khalid Khan

Exports likely to record reasonable level of growth in 2022-23: Goyal

The country's exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, Minister Piyush Goyal has said

Nepal exports over 3,000 sacks of cement to India for first time

For the first time, Nepal has started exporting cement to India

States must push farmers to up sowing to boost exports: Piyush Goyal

Goyal told state governments that there is no shortage of funds with the Centre for settling old food subsidy claims but the delay was because states are not filing their claims with proper documents

Bangladesh's exports hit all-time high of over $52 bn in FY 2021-22

Bangladesh saw exports soar more than 34 per cent to $52.08 billion in the 2021-22 fiscal year (July 2021-June 2022), official data showed

Export duty on steel and petro products to hit corporate earnings in FY23

Metals & oil firms together saw profit of Rs 3.05 trn in FY22

Finance Ministry hopes cess will not hit petroleum exports in FY23

The ministry imposed cess on petroleum products of Rs 6 a litre, Rs 13 per litre and Rs 6 on petrol, diesel and ATF exports, respectively, to improve domestic fuel supply and garner additional revenue