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Passenger vehicle exports from India drop

Saturday, April 21, 2018, 7:13 AM

Exports of passenger vehicles from India declined for the first-time in a decade, with automakers shifting small-car production out of India and leveraging capacities in the local-market to ship out more profitable premium-models. While Japanese auto-major Nissan is manufacturing the next-generation Micra for Europe in France since late last year, Hyundai partly shifted production of premium hatchback i20 for the European market to Turkey.

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