India Tops Growth in Passenger Vehicle Sales Globally

According to the Society of Indian Automobile Manufacturers, for the period January to May 2017, India topped the growth of passenger vehicle sales globally. With a sales growth of 11.34 percent India overtook the 9.05 percent growth of Japan, the only other Asian economy to have grown in terms of passenger vehicle sales. Other countries that posted a marginal growth were Germany at 4.68 percent, France at 3.34 percent, and Brazil at 2.29 percent.

Tesla Cars

Due to factors such as lower penetration levels, improving road network, greater buying abilities and addition of several new models, India’s market was able to outdo its peers in the growth of new car sales, reports ET Auto.

 Jan – May ’16 and ’17 Passenger Vehicle Sales Globally
Country Jan-May 16 Jan-May 17 %Change
India 1,196,781 1,332,442 11.34%
China 9,671,100 9,421,100 2.59%
US 2,215,452 1,997,708 9.83%
UK 1,164,870 1,158,357 0.56%
France 875,076 904,341 3.34%
S Korea 544,055 529,096 2.75%
Brazil 785,653 803,609 2.29%
Japan 1,788,331 1,950,186 9.05%
Germany 1,394,200 1,459,400 4.68%

Source: Society of Indian Automobile Manufacturers

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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