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
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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

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

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