While exports to this market increased by around 19 per cent in 2015, the number has reduced for the African market
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Africa for quite some time has been one of the most important export markets for the Indian automobile sector. In the previous financial year, however, Latin America has managed to become the largest automobile export market for India. According to reports, almost 25 per cent of the value of vehicles exported in 2015 went to the Latin America. With the value of these vehicles exported there estimated at around Rs 59,360 crore, the increase is around 19 per cent from 2014. All of this despite it being the farthest market to export to with high…
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