India Become Third Largest Auto Market Surpasses Japan Know Details MarketGyani.com
India Becomes Third Largest Auto Market: India has made a big record in its name in the year 2022. In the year 2022, India has become the world’s third largest automobile market leaving behind Japan. Recently, from the information given by the Auto Market Industry, it has been learned that in the year 2022, a total of 42.5 lakh new vehicles have been sold in India. Whereas in Japan, during the year 2022, a total of 42 lakh units of vehicles have been sold. In such a situation, India has emerged as the world’s third largest auto market in the year 2022.
Vehicle sales were low in Japan in the year 2022
According to the information provided by the Society of Indian Automobile Manufacturers (SIAM), a total of 41.3 lakh vehicles were delivered in India from January to November of the year 2022. At the same time, by the end of the year, this figure had reached 42.50 lakhs. Maruti Suzuki, the country’s largest auto sector company, has released the sales figures of its vehicles in December. After this it was learned that India has emerged as the third largest auto market in the world. The Japan Automobile Dealers Association told that in the year 2022, the sales of vehicles in Japan have been low. Last year, a total of 42 lakh vehicles were sold in Japan, which is 5.6 percent less than the year 2021.
China is the world’s largest auto market
Let us tell you that China is the largest automobile market in the world. In the year 2021, a total of 2.62 crore vehicles were sold in China. America was on the second number, in which a total of 1.54 crore vehicles were sold in the year 2021. Whereas in the year 2021, a total of 44.4 lakh vehicles were sold in Japan. Let us tell you that Japan has been the largest auto market in Asia for many years. In the year 2018, a total of 40.4 lakh vehicles were sold in Japan. Whereas in the year 2019, a total of 40 lakh vehicles were sold. In the year 2020, the first year of the Corona epidemic, the auto sector suffered a major setback and the sale of vehicles in Japan was less than 30 years.
Read This Also:-
Pingback: Sensex Decreased More Than 1 Lakh Crore Last Week MarketGyani.com - MARKET GYANI