India becomes 4th largest vehicle market, overtakes Germany

Daily Current Affairs / India becomes 4th largest vehicle market, overtakes Germany

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Category : Business and economics Published on: May 20 2022

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India has overtaken Germany to become the fourth largest automobile market.
This report has been released by the Organization Internationale des Constructors d'Automobiles (OICA).
China has been placed at 1st position in the terms of the largest vehicle market in the World.
Followed by the US and Japan are at the 2nd and 3rd place.
India sold 3,759,398 vehicles in 2021 as compared to 2,973,319 vehicles in Germany.