India Surpasses Japan As The Third Largest Car Market

India has overtaken Japan as the third largest light vehicle market in the world in 2022

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India outsold Japan with at least 4.25 million new car sales, surpassing that country's 4.2 million sales

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India has now become third-largest auto market in the world for the first time in history

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China remains the biggest auto market with 26.27 million units sold in CY2022

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The United States takes the second spot with 15.4 million units sold in CY2022

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India was the fastest-growing market in 2022 and posted a double-digit growth of over 20%

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