According to data gathered by Nikkei, India has just become the world's 3rd largest automobile market after overtaking Japan.
India has formally overtaken Japan as the third-largest vehicle market in the world. The third-largest global auto market, according to the most recent industry data covered by Nikkei, is currently India.
According to the Society of Indian Automobile Manufacturers' preliminary figures for 2022, the country 's new sales totaled 4.25 million units. This number surpasses Japan's 4.2 million unit annual total. Sales in Japan fell 5.6% from 2021 to 2022.
India had delivered 4.13 million brand-new vehicles between January and November. The largest automaker in India, Maruti Suzuki, stated Sunday that December's sales volume brought the total to 4.25 million. Additionally, the country's sales volume is anticipated to increase: there are still year-end results and sales figures for commercial vehicles that have yet to be included into the 2022 totals.
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