India – The Fourth Largest Auto Market In Four Years

By vicky.in

Published: Saturday, February 5, 2011, 12:28 [IST]

The Indian auto market has been growing at a rapid speed with the prospects of becoming the fourth largest auto maker in another four years. India may become the fourth largest auto market by pushing Europe behind, said an analysis company Booze &. With the projected 6 million annual units in 2020 the conditions favor India to beat Europe to become the fourth largest auto market. The growth of such top countries like US, India and China will rule the auto segment in 2025 with more than 80% of the global cars will be delivered from these countries.

India will be the dearth for cars under A and B segment which will come off here to go for global market, while China will take care of C and D while the higher segments will be targeted for the US markets. Such a situation will change the course from considering India as the market for global cars of toned-down.

The growth may hit the country"s top most seller Maruti Suzuki from holding 50% share in domestic market. As the company is facing a stiff resistance from the competitors of global reputation like VW, Hyundai, Ford and Toyota the trend may reverse accordingly. The economy will see an investment of more than billion from global player per year with such companies build their plants in India. All these measr will lead to India becoming the fourth largest auto market in the world.

Article Published On: Saturday, February 5, 2011, 11:50 [IST]

Read more on: #auto news #automobile #indian auto market

More from DriveSpark