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India’s Biggest Auto Export Market? Mexico
Mexico is likely to overtake South Africa in the current fiscal year to become India's largest auto export market, says the Mumbai-based Economic Times.
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Mexico is likely to overtake South Africa in the current fiscal year to become India's largest auto export market, says the Mumbai-based Economic Times.
The newspaper cites analysts who predict shipments to Mexico will jump 60% to 132,000 units, representing about 20% of the country's total, in the year that began April 1. General Motors and Volkswagen will account for about 45,000 and 55,000 units of the total, respectively, according to the report.
Overall car sales in Mexico jumped 22% in January-June to more than 600,000 units. The country is on track to become one of the world's top five national markets by 2020, the Times says.
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