China commercial vehicle increase rate ranked the second in the world
(chinatrucks.com, Jan 21, 2011) Indian commercial vehicle sales volumes increase rate has surpassed that of China, and ranked the first place in the world. It has benefited from the infrastructure facilities development. However, the fast development speed will be slowed down because of daily increasing rate, and strong commodity price and high inflation rate.
It is disclosed by Indian Auto Manufacturer Society that India has surpassed China in terms of commercial vehicle sales volumes. Sales volumes of Indian commercial vehicles from Jan in 2010 to Nov in 2010 have increased 47% and it has surpassed 41% of Brazil and 25% of China.
Indian Auto Manufacturer Society announces that Indian current auto yield has taken 5% of the overall production volumes of the globe. At the same time, India has marched into the top ten auto manufacturers in the world. It has raised from 15th in 2000 to 7th in 2010.
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