India has become the fifth largest car manufacturer in the world.
As per the recent reports released by the Organisation Internationale des Constructeurs d’Automobiles (OICA), with a total production of 25.7 lakh cars in 2016 till date, India is trailing behind the countries like the United States, China, Japan and Germany.
The production numbers considered are inclusive of two-wheelers and passenger and commercial vehicles manufactured during the said period.
Until 2015, India was the sixth largest car manufacturer behind South Korea as our nation manufactured 41.2 lakh units compared to 45.5 lakh units of the latter. It is also been speculated that India will continue to retain its lead over South Korea considering the fall in sales both domestic and exports in the South Korean market. In the first seven months of this year, India has set a lead of 20,000 units over South Korea.
Leading the race is China with a total production of 1.28 crore units. The United States and Japan posted 70.8 lakh and 54 lakh units respectively while Germany reported a production of 36.2 lakh units.