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India surpasses Japan to become world’s 3rd largest auto market
According to the Nikkei Asia report, India has surpassed Japan to become the third-largest auto market for the first time.
As per the report, the India’s sales of new vehicles totalled at least 4.25 million units, based on preliminary results, topping the 4.2 million sold in Japan.
According to the Society of Indian Automobile Manufacturers, New vehicles delivered in India totalled 4.13 million between January and November 2022