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 Suzuki 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.
The conviction in India continues to be very high: Citi's Achintya Mangla2026-06-11T19:54:42Z
