According to the latest figures, India is now the seventh largest Asian market for UK car exports, reports PTI. Indian demand for UK’s premium cars rose 8.3 per cent in the first half of 2017.
“The demand in India tends to be in the premium segment and the latest figures reflect the growing attraction of Britain’s luxury brands in the country,” said Mike Hawes, Chief Executive of the UK’s Society of Motor Manufacturers and Traders (SMMT)
“The UK and Indian automotive industries share a rich heritage of trade and investment and strengthening this relationship through mutually-beneficial trade deals in the future is of the utmost importance,” he said
The trade body said that the exports to India grew to 1,650 units this year, moving India up, from eighth place in 2016 to seventh for the UK automotive industry, as an increasing number of affluent buyers take advantage of a range of all new premium and luxury British-built cars.
The European Union (EU) remained the UK’s biggest trading partner, accounting for more than half of all cars produced for export (54.6 per cent), with Germany and Italy the UK’s second and third biggest single markets, respectively.
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