India to top Japan's super compact auto market
Published On Dec 25, 2009 06:58 AM By Vidyadhar
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Indian auto market has emerged as a leader in the small cars segment, overtaking Japan, as declining sales in Western markets coupled with robust growth in Asia. The Chinese auto sector is all set to overtake the US automobile sector as world's largest car market this year. At the same time the less known fact is that India will leave behind Japan for the first time in sales of super-compact cars. Indian auto market overtook Japan as the world's number one producer of basic cars in year 2007.
Many major auto mobile companies are all set to launch their small cars in India. Ford, Nissan, Volkswagen, General Motors, and China's Shanghai Automotive Industries Corp. are investing hundreds of millions of dollars into the country's auto sector. In upcoming Delhi Auto show almost all major car manufacturing companies are planning to showcase their small and premium cars like GM showcasing Chevrolet Beat, Ford showcasing Ford Figo and Volkswagen showcasing Polo model in this auto show.