What's new

India pips Germany, ranks 4th largest auto market now

itachii

BANNED
Joined
Oct 28, 2015
Messages
713
Reaction score
-5
Country
India
Location
United Kingdom
India has overtaken Germany to become the fourth largest automobile market in the world, latest global data show. Automobile sales, including passenger and commercial vehicles, in Asia’s third largest economy grew 9.5%, the fastest among major global markets, last year to more than 4 million units, outpacing Germany’s 3.8-million vehicle sales, which rose by a modest 2.8% in the same period.

India’s passenger vehicle demand is led by utility vehicles
Sales volumes for Maruti SuzukiBSE 1.87 % Vitara Brezza and Hyundai Creta remain strong, new launches in segment include: Tata’s Nexon, Jeep Compass, VW’s Tiguan & Skoda’s Kodiaq.

The government’s thrust on infrastructure, stricter tabs overloading ban, macroeconomic environment buoyancy expected to keep the momentum strong in 2018.
Master.jpg




Read more at:
//economictimes.indiatimes.com/articleshow/63438236.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
 
.
Let's overtake Japan now. I feel Tata and Mahindra should acquire more foreign brands and push their own products in more markets with different brand name.
 
. . . . . . .
Indians think they are comparable to China. Their delusions and complexes!
 
. . . .
Does india include tuk tuks, rickshaws and motorbikes as automobiles?
:enjoy:
 
. . .

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom