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-   -   World's top-10 largest new car markets of 2022; India ranks 3rd after China & USA (https://www.team-bhp.com/forum/international-automotive-scene/261979-worlds-top-10-largest-new-car-markets-2022-india-ranks-3rd-after-china-usa-2.html)

India becomes the third-largest auto market globally, surpasses Japan in CY2023.

India has retained its position as the third largest car market in the world in 2023. In what was a close finish to No. 3 position, Japan made a resounding comeback in 2023, registering growth of 14% growth in 2023 as against India’s 8 percent.

Japan ended the year a shade below 4 million units, whereas India sold 4.11 million units last year. The gap between India and Japan has reduced from 344,000 in 2022 to 115,000 units in 2023.




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