e-Magazine
News
Local News
International News
Industry
Reviews
Offers
Prices
Videos
More
Photos
Interviews
November 25, 2024
Home
News
Local News
International News
Industry
Reviews
Offers
Prices
Videos
Photos
Interviews
E-Magazine
Social Media
Weather Update
International News
India Beats Japan To Become The Third-Largest Auto Market In The World
India Beats Japan To Become The Third-Largest Auto Market In The World
Team Nepal Drives
January 4, 2023
January 4, 2023
India-Japan-Carmarket
India has overtaken Japan as the third largest light vehicle market in the world in 2022 with a massive growth of 23.40 percent.Global forecasting agency S&P Global Mobility had estimated in December 2022 that the Indian light vehicle sales for 2022 would see a growth of over 22 percent, to 4.4 million units, whereas the sales in the Japanese market are expected to slip to 4.2 million units. Light vehicle sales include all passenger vehicles, small commercial vehicles and vans up to six tonnes.In terms of output, India has retained its position as the fourth largest light vehicle producer with a milestone of over 5 million units for the first time.China remains the biggest auto market with 24.8 million units sold in CY2022. The country is also said to register a growth of 3.6%. The United States takes the second spot with 13.8 million units sold.According to Gaurav Vangaal, Associate Director, S&P Global Mobility, India is amongst the only three markets in the top 10 markets, which has posted growth in the last 10 years.
Published Date: 2023-01-04 17:31:14
#india
Read more news
BYD Seal: Sedan Supremacy
2024-11-23 19:21:00
Post Comments
popular Post
1
Hozon Auto Refutes Negative Reports, Reaffirms 10-Year Spare Parts Commitment for Neta EV in Nepal
2
Sharda Group and Golchha Organisation Join Forces to Expand DC Fast Charging Network Across Nepal
3
Mahindra's BE 6e and XUV 9e Electric SUVs Set to Debut in India Next Week
4
MG Windsor EV Dominates India’s EV Market, Set to Enter Nepal
5
BYD Nepal Celebrates Milestone: 100 EVs Delivered Amid Global 30th Anniversary and 10 Millionth NEV Roll-off