After China and US, India becomes world's 3rd largest auto market: Report

After China and US, India becomes world's 3rd largest auto market: Report

• For the first time, India surpassed Japan in auto sales last year and became third largest auto market in the world, Nikkei Asia reported on Friday. The country's sales of new vehicles totaled at least 4.25 million units, topping the 4.2 million sold in Japan.
• According to the Society of Indian Automobile Manufacturers, new vehicle delivered in India totaled 4.13 million between January and November 2022.
• It is expected that India's sales volume will further rise with the inclusion of pending fourth-quarter sales figures for commercial vehicles, along with year-end results yet to be released by Tata Motors and other automakers.
• China continued to lead the global auto market in 2021 with 26.27 million vehicles sold. The US remained second at 15.4 million vehicles, followed by Japan at 4.44 million units.

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Published date : 09 Jan 2023 04:26PM