82 In a major milestone for India’s automotive industry, the country has now surpassed Japan to become the world’s third largest auto market. According to data released by the Society of Indian Automobile Manufacturers (SIAM), India’s domestic passenger vehicle sales increased by nearly 9% in the past year, propelling the country past Japan and cementing its place as a major player in the global automotive market. The growth of India’s auto market is being driven by a number of factors, including an expanding middle class, increased urbanization, and favorable government policies. As the market continues to grow, it is expected to bring significant economic benefits to the country and create new job opportunities for its citizens. You Might Be Interested In Coal Ministry Reports September Surge, National Coal Index Reaches 143.91 Points WTO Cuts 2023 Global Trade Growth Forecast to 0.8% Canon placed fifth in U.S. patent rankings, first among Japanese companies Despite $157B Berkshire Cash Reserves, Final Deal Falls Through for Charlie Munger and Warren Buffett Oxyle secures major funding to combat water pollution crisis Siemens to produce electric freight locomotives for Indian Railways
