Mo12
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India overtakes Brazil as sixth largest vehicle maker
As many as 2.04 million vehicles were produced in India till June this year, 20 per cent higher than the 1.71 million units rolled out in Brazil.
China continued to be the frontrunner with production of 9.16 million units till June, while Indias share in vehicle production, as compared to China, has improved sharply between January and June this year.
While last year, India produced a sixth of the number of vehicles rolled out in China, till June this year the country produced more than a fifth of the number of vehicles manufactured in east Asian nation. Indias market share in global vehicle production moved up marginally to five per cent from the earlier 4.5 per cent during this period.
PricewaterhouseCoopers says India is likely to produce seven million light vehicles of up to five tonnes by 2017. Though vehicle sales have slowed down this year, the fundamentals remain strong, notes Abdul Majeed, partner and head of automotive practice in the global professional services firm. By 2017, India is likely to emerge as the third-largest market in the world after China and the US.
ps. Well done China, India should try to be 3rd largest car manufacture by 2020 hopefully.
As many as 2.04 million vehicles were produced in India till June this year, 20 per cent higher than the 1.71 million units rolled out in Brazil.
China continued to be the frontrunner with production of 9.16 million units till June, while Indias share in vehicle production, as compared to China, has improved sharply between January and June this year.
While last year, India produced a sixth of the number of vehicles rolled out in China, till June this year the country produced more than a fifth of the number of vehicles manufactured in east Asian nation. Indias market share in global vehicle production moved up marginally to five per cent from the earlier 4.5 per cent during this period.
PricewaterhouseCoopers says India is likely to produce seven million light vehicles of up to five tonnes by 2017. Though vehicle sales have slowed down this year, the fundamentals remain strong, notes Abdul Majeed, partner and head of automotive practice in the global professional services firm. By 2017, India is likely to emerge as the third-largest market in the world after China and the US.
ps. Well done China, India should try to be 3rd largest car manufacture by 2020 hopefully.
good going india..
