India has overtaken Japan to become the third largest auto market globally.
09/01/2023
According to the latest industry data from Nikkei Asia, India has overtaken Japan to become the third largest auto market for the first time.
Based on preliminary results, India’s new vehicle sales were at least 4.25 million units, ahead of the 4.2 million units sold in Japan.
A total of 41.3 lakh new vehicles were delivered between January & November 2022 in India. The sales volume in December 2022 totals to around 4.25 million units.
In 2021, China topped the global auto market with sales of 26.27 million vehicles.
The US stood second with 15.4 million vehicles sold, followed by Japan with 4.44 million units.
