At the end of 2022, India became the third largest automotive market in the world. Nikkei. According to preliminary estimates, India managed to outstrip Japan in terms of sales and for the first time in its history entered the top three largest car markets in the world.
Po data Indian Association of Automobile Manufacturers, 4.13 million vehicles were sold in India between January and November 2022. Today, Maruti Suzuki, the country’s largest automaker, announced that it sold about 120,000 vehicles in December. Thus, the volume of car sales in India at the end of the year, even without taking into account the performance of other manufacturers in December, has already exceeded the annual figure for Japan – 4.2 million cars.
China remains the largest automotive market in the world. From January to November, 24.3 million vehicles were sold there. Data for all of 2022 will be released next week. In second place in terms of sales is the United States, where 13.7 million cars were sold at the end of the year – the worst figure since 2011.