Wednesday, January 29, 2014

Foreign automakers can't wait to flood India with their cars

The Untapped Potential of the Indian Auto Market | The Financialist: "It should come as no surprise that India is the world’s sixth-largest auto market. After all, it’s the second most populous country in the world. Indians bought some 2.7 million light vehicles in 2010, compared with only 700,000 a decade earlier. But they’re just revving up the engine: J.D. Power & Associates predicts that light vehicle sales will skyrocket to 11 million by 2020, which would make the nation the third-largest car market in the world."

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