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India becomes the 7th largest vehicle producer

The government claimed that India has become the seventh largest vehicle producing nation in the world, six years ahead of the set target.

 “When we were making the Auto Mission Plan (AMP) in 2006, we had projected India to become the seventh largest vehicle producing country in the world by 2016. We have already achieved this milestone good six years ahead of the set target,” Secretary for Ministry of Heavy Industry B S Meena said at a Ficci function. He said that by 2020 the country will be among the top five vehicle producers.

 Currently, China is the largest vehicle producer of the world followed by the US.

During April-August 2010, the cumulative production of vehicles grew at 32.4 per cent over the year ago period. Passenger vehicles, commercial vehicles and two-wheeler segments have all recorded growth of 32 per cent, 49 per cent and 31 per cent, respectively.

While the domestic automobile market is growing buoyantly, demand growth in the overseas market is still sluggish.

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