Mexico has emerged as the top destination for India’s automobile exports. India’s auto exports involve automobiles, motor vehicles, two and three-wheelers and auto components. At a time when overall engineering exports for the April-July, 2016 period, slipped by 5.82 per cent to USD 20.27 billion from USD 21.52 billion, automobile exports increased by four per cent. “Auto exports to Mexico were not constrained by a vast distance that our shipments have to cover. Mexico has come to account for as much as 18 per cent of India’s total automobile exports.

Source: The Hindu September 05, 2016 12:22 UTC