India is the world’s 12th biggest economic power. Between 2005 and 2007 it posted steady economic growth of over 9%, and GDP per capita has doubled in the space of ten years.
The car market is growing by around 10% a year, attracting the attention of many vehicle manufacturers. India’s middle classes total more than 350 million people, all of whom are potential buyers, and their numbers are continuing to grow.
Suzuki/Maruti is currently No. 1 on the small car market. Honda, GM Chevrolet and Fiat/Tata are building their presence. Renault is moving into position.