Hyundai leads made-in-India passenger vehicle exports in a slow H1

If the passenger vehicle (PV) numbers in the domestic market in the first six months of FY2019 (April-September 2018) indicate a slowing of sales, then PV exports for the same period are a tad worrying, what with the implementation of the GST regime in July 2017 having brought a slew of technical challenges, leading to a substantial cash-block in the form of the input tax credit not being refunded to the OEMs.

What aggravated the situation further in FY2019, according to apex body SIAM, has been the challenging environment of tough trade barriers, as well as country policies ...