Tamil Nadu’s automotive industry has seen a remarkable surge in exports in the first half of 2024, driven by increased demand for vehicles in international markets. According to the latest data from the Automotive Export Promotion Council (AEPC), the state’s automotive exports have grown by 25% compared to the same period last year.
Major automotive companies like Ashok Leyland, TVS Motor Company, and Ford India have reported significant increases in their export volumes. The growth is attributed to the high quality and competitive pricing of vehicles manufactured in Tamil Nadu, as well as the state’s strategic location and robust logistics infrastructure.
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Industry experts prediction
Industry experts predict that Tamil Nadu’s automotive export sector will continue to grow, driven by ongoing investments in manufacturing and innovation, as well as favorable trade policies.
