India tops in growth rate among leading car markets

The only market that came close to India's growth rate is Japan

Ajay Modi  |  New Delhi 

India is the only country among the top seven car markets to grow at a double-digit rate in the first five months of 2017.  The world’s fifth-largest market for passenger vehicles (cars, vans and utility vehicles) expanded by over 11 per cent over the year-ago period. This came when the top two markets — China and the US —  saw a declining trend.   The only market that came close to India’s growth rate is Japan, the world’s third-largest passenger vehicle (PV) market, which grew at 9 per cent during the January-May ...

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