Exports
to India has grew generously, rising 8.3% to 1,650 units. India is presently UK
automotive seventh greatest Asian market, climbing from eighth place in 2016,
as an expanding number of rich purchasers exploited a scope of all new premium
and luxury British-manufactured cars.
According to SMMT, Society of Motor Manufacturers and
Traders, top 5 brands UK exports to India in 2015
are:
Brand
|
% of UK car exports to India
|
Land Rover
|
44.2%
|
Jaguar
|
42.4%
|
MINI
|
10.6%
|
Bentley
|
1.7 %
|
Rolls-Royce
|
1.1%
|
Source: SMMT
India
has turned out to be a powerful market for British luxury cars as most recent
figures cleared by the UK auto industry show a spike in exports from the United
Kingdom (UK) to India.
According to SMMT, the
car production in United Kingdom fell by -2.9% in the first half of 2017. This minor drop in production, which still makes
the first six months the second biggest for 12 years, follows changes in
production schedules for new model introductions.
UK Car exports structure:
- In 2016, 1.35 Million Cars are manufactured for Export
- 8 out of 10 cars manufactured in UK are exported
- Globally, to 160 markets UK exports its car
Car Manufacturing in United Kingdom:
Car manufacturing
|
Jun-16
|
Jun-17
|
% Change
|
YTD-16
|
YTD-17
|
% Change
|
Total
|
158,641
|
136,901
|
-13.7%
|
892,384
|
866,656
|
-2.9%
|
Home
|
35,252
|
29,631
|
-15.9%
|
202,018
|
182,830
|
-9.5%
|
Export
|
123,389
|
107,270
|
-13.1%
|
690,366
|
683,826
|
-0.9%
|
% export
|
77.8%
|
78.4%
|
|
77.4%
|
78.9%
|
|
Source: SMMT
For exports,
the production has continued to initiative volumes in 2017 as global demand for
British-built cars dipped by a marginal -0.9% in the first six months, with
683,826 cars shipped overseas.
Although
UK exports 8 out eight out of each 10 cars it works to clients in somewhere in
the range of 160 nations around the world, it is likewise a major importer also.
World
class products and engineering, robust government collaboration and huge
investment have helped UK Automotive become a global success story.
The
European Union (EU) remained the UK's greatest exchanging partner, representing
the greater part of all cars delivered for exports (54.6 percent), with Germany
and Italy the UK's second and third greatest single markets. The SMMT found
that EU nations make up half of UK car's best 10 exports goals, featuring the
significance of continued free trade.
Even
though luxury car segment represents under 1% of total car market in India, the
market is appealing for worldwide luxury car brands. The percentage of
super-well-off Indians developed at the 6th quickest rate globally near 2015
and 2016.
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