Tuesday 13 August 2013

India to be world's 3rd largest automotive market by 2016: IHS

By 2016 India is predicted to become the third largest automotive market in the world followed by Japan, Germany and Brazil. According to IHS Automotive, a global market information provider, domestic automotive sales in India will contribute to the credit.

While vulnerable economic growth and lower sentiment can crop up as a challenge as in 2012 and 2013, India is quite likely to form a foothold from 2014 onwards, said the Colorado-based firm.

Source: 
EconomicTimes

Realizing this upcoming trend, 
Shriram Automall India Limited has set up a robust business platform for the transaction of pre owned vehicles and equipment by establishing Automall in nooks and corners of the country.

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