India To Overtake Japan As Asia's Second Largest Car Market By 2020
Autos / Asia / Thu 08 Jun, 2017
BMI View : India will overtake Japan to become Asia's second largest passenger car market by 2020 supported by robust economic growth, a rising lower middle class and steady expansion in private consumption. A rise in tax rates on cars and sluggish private consumption will see Japan fall behind India to become the region's third biggest car market