Passenger vehicle exports slump

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As disruptions caused by the Covide-19 pandemic put brakes on overseas shipments, Indias passenger vehicle exportsdeclined by 39 per cent in the last fiscal. As perSociety of Indian Automobile Manufacturers (SIAM) data, passenger vehicle exports fell by 38.92 per cent in 2020-21 to 4,04,400 units from 6,62,118 vehicles in 2019-20.Passenger car despatches declined by 44.32 per cent to 2,64,927 units last fiscal compared to 4,75,801 units in FY20.Similarly, utility vehicle exports witnessed a 24.88 per cent decline last fiscal compared to 1,83,468 units in 2019-20.Most of the damage was done in the first six months of the last fiscal when the pandemic-induced lockdowns and other logistics and supply chain issues impacted the export of vehicles. The industry tried its best to catch up in the second half of the fiscal when things became relatively better but could not match the FY20 performance, said a report.