UK car exports have grown almost 11-fold in the past seven years, according to data released on Wednesday by the Society of Motor Manufacturers and Traders.
In 2016, Indian motorists bought 3,372 British-built cars, up from 309 in 2009. Demand rose 15.8 percent compared with 2015, lifting India from tenth to eighth place in the UK’s Asia export markets.
Top 5 British bestsellers in India are – Land Discovery Sport, Land Rover and Range Rover Evoque, Jaguar XF, Jaguiar XE, and Jaguar F Pace.
In addition to cars, Indian motorists are now also able to buy more British-built components than ever before. Last year, some £14 million (around Rs 114 crore) worth of UK car parts were bought by the Indian automotive aftermarket, and this is set to increase significantly – by around 15 percent annually over the next five years, SMMT data said.
Tamzen Isacsson, SMMT Director of Communications and International, said, “Growing prosperity in Asian markets in recent years has seen a surge in demand for premium cars, even despite high import duties in many countries.”
“As a car market, India really understands British brands, and thanks to its engineering excellence and highly skilled workforce, the UK has a rich heritage of producing the highest quality, globally competitive premium vehicles. India and the UK have a great history of collaboration in the automotive sector and it is essential we secure a mutually beneficial trade relationships in the future.”
Asia is now the third biggest export market for British built cars, after Europe and America, accounting for 13.4 percent of sales. Economic growth has led to increased demand for high-quality luxury vehicles.