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Automobile shipments from India declined 21% last year due to monetary crises in overseas markets, according to SIAM data. Overall exports fell to 42,85,809 units from 52,04,966 units in 2022. Passenger vehicle shipments increased by 5% to 6,77,956 units, while commercial vehicles, two-wheelers, and three-wheelers saw declines in exports. Two-wheeler exports slipped 20% to 32,43,673 units, and three-wheeler exports declined 30% to 2,91,919 units.
Chinese electric vehicle (EV) start-up Hozon New Energy Automobile expects its sales outside mainland China to jump five-fold in 2024 as the country's increasingly confident carmakers look to international sales to counter slowing growth at home. The Shanghai-based maker of Neta-branded cars, aims to deliver a total 100,000 units in 60 overseas markets this year, mainly in Southeast Asia, as it starts operations of assembly plants in Thailand and Indonesia, according to vice-president Zhou Jiang
The sluggish demand for gold and diamond jewellery in overseas markets is pushing exporters to divert more resources and time to the growing domestic market. Deputy chief minister Diya Kumari’s idea of planning shows in other countries may attract global buyers. The jewellery industry is focusing on the domestic market while seeking improvements in overseas markets. Gem and jewellery exports to UAE have seen a significant surge.
Ranbir Kapoor surpasses Ranveer Singh in overseas for the year 2023; Salman Khan at no 4 and Sunny Deol at no 5 respectively :Bollywood Box Office bollywoodhungama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bollywoodhungama.com Daily Mail and Mail on Sunday newspapers.