1. What’s so special about it?
The Indian car market has played an understated role on the world’s passenger car market up until now, given the size of its population. The over four million passenger car sales in 2018 elevated it to the world’s fourth largest passenger car market, sandwiched between Japan and Germany and just behind the US and the global leader, China. India is predicted to overtake this neighbour as the world’s most populous country in the next few decades.
SIAM, the Indian passenger car manufacturers association, estimates that the Indian market is likely to move ahead of Japan by 2020, making it a top-three global market. Mopeds remain the mobility of choice in a country where two-wheeled vehicles outsell passenger cars by five-to-one. China has illustrated how, once momentum builds, a two-wheel mobility nation can rapidly transform into a four-wheel nation. A potential consequence of the forecast growth would likely come at the expense to the environment, which the Indian government is actively addressing through tougher emissions regulations.