The Indian auto market is one of the fastest growing industries globally, it is gradually moving up among the largest automotive markets in the world. In the sales release shared by SIAM for the period January 2018 to May 2018, the Indian market has registered positive growth in passenger vehicle sales and Sells More Cars Than the USA, UK Between Jan-May 2018.
China tops the list with a total sales of whooping 99.08 lakhs sales. Germany is ahead of India in third place, only registered around 37,000 units more in the same period. The Indian passenger vehicle market grew at the rate of 9.62 percent (YoY) during the period while the German PV market grew at the rate of 2.63 percent (YoY). If both the markets march ahead with the same growth pattern, India should be able to clinch the third spot in passenger vehicle sales by the end of 2019. Only Brazil is ahead of India in terms of growth rate, with the PV sales there growing at the rate of 16.2 percent.
Source: Daily hunt
