Ever since the declaration of the nation to become the largest automobile Industry till 2020, India has been showing phenomenal growth ratios in all aspects. A recent probe into the auto sector conducted by global automobile industry body Organisation Internationale des Constructeurs revealed that India has already become the second fastest growing automobile industry in passenger vehicles segment. The leader isChina, followed by India, Germany UK, Brazil, and America in the respective order. Here is a list of PVs sold by the countries in last two years and their respective rankings in terms of growth rate:
Country and its Rank 2015 sales 2016 sales
China-1 2,12,10,339 units 2,43,76,902 units
India-2 27,72,270 units 29,66,637 units
Germany-4 32,06,042 units 33,51,607 units
UK-6 26,33,503 units 26,92,786 units
France-7 19,17,226 units 20,15,177 units
S. Korea-10 15,33,813 units 15,33,670 units
USA-11 75,16,826 units 68,72,729 units
The US has shown a decline in sales by 8.56%, thus losing ranks on board. Also, France has taken the position of Brazil, showing a growth of 5.1%. China and India topped the charts with a respective growth of 14.9% and 7%.
