India is ahead of every other country in 2011, in sales of commercial vehicles (CV), as the world’s fastest growing truck and bus market for the second successive year in a row.
China posted a 10% dip in the net sales while the worlds largest markets for CV’s posted a 13% increase in the sales. Japan on the other hand witnessed a 6% dip in the sales compared to previous year.
China has an advantage of infrastructure compared to India. The average daily movement is around 550 km/day (for China) against India’s 300 km/day.
Image Source - ET
China still holds dominant position in the global market with close to 4-million units sold last year and almost five times the size of the Indian market where only 8.8 lakh units were sold.
While India’s surge in passenger cars makes it the fifth largest producer, its tally in commercial vehicles still comes at a laggard seventh in the global even after smaller countries like Mexico and Thailand.
This is a guest post written by a team member of UK news & Tablet PCs.
This is a great news. Great for the Indian economy and for automobile manufacturers!