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
  • China has topped the list, followed by US.