World's top-10 largest new car markets of 2022; India ranks 3rd after China & USA

volkman10 · 16th January 2024, 11:30

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.

World's top-10 largest new car markets of 2022; India ranks 3rd after China & USA-792a217403fe42339bfa433ece6243c3_indiajapancomparison.jpg

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16th January 2024, 11:30	#16
volkman10 Distinguished - BHPian Join Date: Dec 2010 Location: -- Posts: 25,624 Thanked: 78,204 Times View My Garage	Re: World's top-10 largest new car markets of 2022; India ranks 3rd after China & USA 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. Link: Last edited by volkman10 : 16th January 2024 at 11:35.
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