India Has Bagged The Crown Of being Sixth largest Vehicle maker
India has overtaken Brazil to became the sixth largest Automobile manufacturer in the world as per the report issued by the international organization of motor vehicle manufacturers. This organization is union of all Automobile manufacturer in the world.
The union has also forecasted that in next five years India will become the third largest Automobile Manufacturer in the whole wide globe. this is in spite of many difficulties face by the automobile sector like increase in interest rates, ever increasing fuel prices and dropping value of Indian currency which makes parts importing from outside more expensive. The Experts have said in years to come India will overtake Japan, Germany and Korea to produce seven millions cars by 2017 and will be the largest manufacturer of automobile by 2020.
