India- Biggest Maker of compact cars!

India aims to become the small car hub of the world by overtaking Japan, the biggest maker of compact cars, a majority of which is consumed domestically. Last year, it had pipped Brazil to become the second-largest producer of such cars.

While Japan produced 3.4 million small cars between January and December in 2009, India manufactured 1.48 million units in the same period.Top manufacturers like Maruti Suzuki, Hyundai Motor India and Tata Motors collectively sold 720,000 units of compact cars during the first six months of the year, reporting 32 per cent growth compared to the same period in the previous year.

"India will become the production centre of the world for compact cars, whose share could be as high as 80 per cent. The country will become the biggest manufacturer of small cars," Tata Motors managing director and chief executive Carl-Peter Forster said.
A lot of other automobile companies also believe that the demand for the compact cars in India has been growing in the last years as the buying capacity of people has been rising. The automobile sector at large has registered a robust growth in the first half of 2010 which is also expected to continue till the year end.


Source| Rediff