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Home International Customs India

Car, spare parts import increases 80.2% in eight months of 2015

byCustoms Today Report
03/09/2015
in India
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DELHI: The volume of imported cars reached 74,000 in the first eight months of the year, a 100 per cent increase year-on-year, according to the General Statistics Office.

This is the highest number recorded over the last five years. The import value was US$1.9 billion, a rise of $332 million compared to 2014 and $1.2 billion compared to 2013.

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Domestic sales could hit 200,000 vehicles for the entire year as auto consumption usually improves by year-end.

Car and spare part imports increased 80.2 per cent year-on-year in the first eight months, reaching $3.8 billion.

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