After two years in which sales reduced, the growing Chinese and Indian markets is going to put the world industry back on the track.
There is an expectation that, Chinese auto market grows with 24 percent in 2010. India is in the second position in the world with growth of nearly 22 percent in previous year with nearly 3 million vehicles.
China is expected to do better than it’s production forecast of 15 million units and India also crossed the estimated 3 million mark, which cause for global recovery in this year, according to the global automotive body, International Organization of Motor Vehicle Manufacturers’ (OICA).
And China and India, which are Asia pacific markets are back bone of the world auto industry. Enough vehicles would be sold by both countries on their own which save the global markets in this year.
In this way OICA commented about Indian and Chinese auto markets, which are helping to bring back the growth of the global auto market.