Good days around the corner?, page-8

To add to the India growth story....................... Iron Ore needed for this

India has taken the lead from Germany and is now the 4th largest auto market in the world. With a growth rate of near 10 percent per year, India, at this rate looks poised to overtake Japan to be the third largest auto market within 2020. The growth of the economy has helped this rise in auto sales plus car-makers are all launching new cars constantly to keep interest and sustain sales.
With healthy growth, the Indian auto market is one of the most lucrative and something one cannot ignore which explains MG, Kia, PSA all plan to enter India next year.
© Motor Trend Staff New Maruti Swift Launch
Of course with growth, traffic in cities has become an issue with crippling infrastructure as roads development has not kept pace. The other challenge is market maturity and development of Electric car and hybrids. Unlike other markets, India is still not ready for EVs and that will be a huge important factor going forward.
That said our current growth rate is higher than China- the biggest auto market in the world. At the moment in India, Maruti (Suzuki) and Hyundai hold majority with Maruti controlling a huge percent and this being its biggest market. Thus while it is great news India is now the 4th largest,in the years to come, it will be in the top 3 for sure.