India to have 2.4million cars by 2014

India one of the  fastest growing economies in today’s world is expected 2.6 million units of cars by 2014 accoding to JD power, an auto research firm. “While we expect the Chinese market to grow from 5.8 million units currently to about 11 million units by 2014, the Indian car and passenger vehicle market is expected to grow to 2.6 million units in the same period from the current 1.5 million units,” Arora said. “While the economy in many of the crucial markets is shrinking, India and China are countries that will still manage to grow. So a growing economy is certainly a big plus. This factor will be further sweetened by the introduction of new models and increasing affordability of cars,” he added. Also the study projects that the Indian market will continue to be ruled by small cars. “Small cars would continue to account for about 70% of the market, around the same levels as today,” Arora said.

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