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INDIA'S AUTO EXPORTS FALL 5.5% IN FY24 AMID MONETARY CRISIS
The Business Guardian
|April 15, 2024
Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets
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In the fiscal year 2024, automobile exports from India saw a 5.5% decline, attributed to monetary crises in several international markets, as per recent data released by industry association SIAM. Total exports amounted to 4,500,492 units, down from 4,761,299 units in FY23. SIAM President Vinod Aggarwal remarked on the challenges, noting ongoing volatility in global markets.
This story is from the April 15, 2024 edition of The Business Guardian.
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