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India Has Proved to Be a Strong Market for British Luxury Cars

British luxury cars

Exports to India has grew generously, rising 8.3% to 1,650 units. India is presently UK automotive seventh greatest Asian market, climbing from eighth place in 2016, as an expanding number of rich purchasers exploited a scope of all new premium and luxury British-manufactured cars.


According to SMMT, Society of Motor Manufacturers and Traders, top 5 brands UK exports to India in 2015 are:


Brand

% of UK car exports to India

Land Rover

44.2%

Jaguar

42.4%

MINI

10.6%

Bentley

1.7 %

Rolls-Royce

1.1%

                                                                                                                                Source: SMMT


India has turned out to be a powerful market for British luxury cars as most recent figures cleared by the UK auto industry show a spike in exports from the United Kingdom (UK) to India.

According to SMMT, the car production in United Kingdom fell by -2.9% in the first half of 2017. This minor drop in production, which still makes the first six months the second biggest for 12 years, follows changes in production schedules for new model introductions.


UK Car exports structure:

  • In 2016, 1.35 Million Cars are manufactured for Export
  • 8 out of 10 cars manufactured in UK are exported
  • Globally, to 160 markets UK exports its car

Car Manufacturing in United Kingdom:


Car manufacturing

Jun-16

Jun-17

% Change

YTD-16

YTD-17

% Change

Total

158,641

136,901

-13.7%

892,384

866,656

-2.9%

Home

35,252

29,631

-15.9%

202,018

182,830

-9.5%

Export

123,389

107,270

-13.1%

690,366

683,826

-0.9%

% export

77.8%

78.4%

 

77.4%

78.9%

 

                                                                                                              Source: SMMT

For exports, the production has continued to initiative volumes in 2017 as global demand for British-built cars dipped by a marginal -0.9% in the first six months, with 683,826 cars shipped overseas.

Although UK exports 8 out eight out of each 10 cars it works to clients in somewhere in the range of 160 nations around the world, it is likewise a major importer also.

World class products and engineering, robust government collaboration and huge investment have helped UK Automotive become a global success story.

The European Union (EU) remained the UK's greatest exchanging partner, representing the greater part of all cars delivered for exports (54.6 percent), with Germany and Italy the UK's second and third greatest single markets. The SMMT found that EU nations make up half of UK car's best 10 exports goals, featuring the significance of continued free trade.

Even though luxury car segment represents under 1% of total car market in India, the market is appealing for worldwide luxury car brands. The percentage of super-well-off Indians developed at the 6th quickest rate globally near 2015 and 2016. 

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