The Global Auto Industry's center of gravity is shifting east: In India, the New Delhi Auto Expo recently attracted car makers from 30 countries. “The overall growth rate in India has been 18 percent despite the (global) downturn,” said Neeraj Garg, a director of Volkswagen Group Sales India. The country is expected to produce upward of 3.5 million cars in the next five years. That should help India vault to fourth place in the global car market, after China, the United States and Japan, according to Global Post. Read more here.Thursday, January 21, 2010
India's Horsepower
The Global Auto Industry's center of gravity is shifting east: In India, the New Delhi Auto Expo recently attracted car makers from 30 countries. “The overall growth rate in India has been 18 percent despite the (global) downturn,” said Neeraj Garg, a director of Volkswagen Group Sales India. The country is expected to produce upward of 3.5 million cars in the next five years. That should help India vault to fourth place in the global car market, after China, the United States and Japan, according to Global Post. Read more here.
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