Automobile industry is one of the fastest growing industries of the world. Of the major markets, China, Russia, Brazil and India saw the most rapid growth. In 2009, 13.8 million motor vehicles were manufactured in China, surpassing Japan as the largest automobile maker.
Moreover, with total sales of 13.6 million, China became the largest automobile market in the world for the full year 2009, overtaking Unites States. India has the fourth largest car market in the world. The South Korean automobile industry is today the fifth largest in the world in terms of production volume and the sixth largest in terms of export volume.
Today India is the largest three wheeler market in the world and is expected to take over China as the second largest automobile market, in the coming years. Total turnover of the Indian automobile industry is expected to grow from USD 34 Billion in 2006 to USD 122 Billion in 2016.
There is huge amount of business opportunities available in Automobile industry as large number of news float for automobile industry news, automotive industry news and global automobile news worldwide.