India is the only growth market for autos globally: S&P Global Mobility

Moody's Investors downgrades global outlook for auto to negative from stable

SUVs, automobile industry, cars

India is driving the world growth story for light vehicles and leaves behind the top markets including Japan, Germany, Brazil and France this year

Shally Seth Mohile Mumbai
India's auto market has emerged as an outlier even as all the major auto markets except China have seen a single to double-digit decline in the first eight months of the current calendar year, according to S&P Global Mobility. The sales forecasting and research arm of S&P expects the trend to continue in the remaining months of the year and even in 2023. 

"India has seen incredible growth which we believe will continue till the end of the year and also next year. India is now the no.1 market in the world in terms of volume growth. Its driving the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2022 | 11:20 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to