NEW DELHI 10/NOV/2014: Indian auto industry is seeking government support in its effort to enter new geographies as it faces various road blocks in traditional car export markets like Europe and Africa. Due to various regulatory issues in big export markets like Algeria and Sri Lanka and slowdown in Europe, passenger car exports were down 6.95 per cent to 3,12,190 units in the April-October period, as compared to 3,35,493 units in the same period of previous fiscal. \"We are working with the government, seeking their help to enter new geographies. We have submitted a detailed report to the Ministry of Commerce, informing them about the regions which have potential,\" Society of Indian Automobile Manufacturers (SIAM) Deputy Director General Sugato Sen told reporters here. The auto industry wants the government to facilitate exports into various new markets, including those in Latin America, he added.
\"We want the government to support us to get into various markets including Chile, Peru, Colombia, Nigeria and South Africa. We don\'t even have FTA with Chile, which is one market with great export potential,\" Sen said. When asked about the issues being faced by the exporters in the traditionally strong markets, Sen said: \"Europe is not doing well while tariffs have gone up significantly in Sri Lanka. In Algeria, which is one of the top export markets for car makers, introduction of \"non-tariff barriers\" has hit shipments to that country. Elaborating further, he said Europe\'s share in total car exports has come down to 16.9 per cent in 2013-14 from 37.9 per cent in 2004-05. Similarly, the contribution of SAARC countries, including Sri Lanka, to total exports has gone down to 10.9 per cent in last fiscal from 23.3 per cent in 2004-05.
On the other hand export contribution of Latin America has increased from 7 per cent in 2004-05 to 13.6 per cent in 2013-14. Even exports to African markets have seen upsurge, with the region now accounting for 32.5 per cent share of the total exports against 16.4 per cent in 2004-05. \"With all the traditional strong export markets not doing well, it is time to look at new regions and for this we are seeking the government\'s support,\" Sen said.