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MACHINIST - Car Manufacturing Industry contributes Rs. 5001 cr as excise duty in 2010-11

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Car Manufacturing Industry contributes Rs. 5001 cr as excise duty in 2010-11
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Written by Viswanath   
Wednesday, 17 August 2011

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New Delhi: According to the Department of Revenue, the car manufacturing industry in India has contributed Rs. 5001 crore to the exchequer in the form of excise duty in 2010-11, Rs. 3958 crore during 2009-10 and Rs. 2417 crore during 2008-09.

As per the information received from the Society of Indian Automobile Manufacturers (SIAM), 24,53,113 Passenger Cars were produced in the country in 2010-11, compared to 19,32,620 Passenger Cars in 2009-10 and 15,16,967 Passenger Cars in 2008-09.

In 2010-11, 19,82,702 cars were sold domestically and 4,47,403 cars were exported. In 2009-10, 15,28,337 cars were sold domestically and 4,41,709 cars were exported. In 2008-09, 12,20,475 cars were sold domestically and 3,31,535 cars were exported.

According to the Directorate General of Commercial Intelligence and Statistics (DGCI&S), Kolkata, under the Department of Commerce, the net foreign exchange earned through export of cars was Rs. 15,276.17 crore in 2010-11, Rs. 14,481.86 crore in 2009-10 and Rs. 10,103,02 crore in 2008-09.

 
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