Key Market Indicators
Vehicle registration in India is expected to reach 3.6 million by 2026, growing at an average rate of 0.7% year on year. This follows a 3.1% decrease in Indian market since 2010. Vehicle production in India is set to reach 6.3 million by 2026, increasing at a rate of 2.3% year on year on average. This follows a 3.6% increase since 2002 when the country was ranked fourth in the world. Japan came first with 5.4 million units, followed by the United States, Japan and India respectively.