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Automobiles

India zooms past Germany as fourth-largest auto market

Rising incomes, growing car ownership lift sales to over 4 million units in 2017

Maruti Suzuki India, a subsidiary of Japan's Suzuki Motor, controls nearly half of India's passenger-vehicle market.   © Reuters

MUMBAI -- India overtook Germany last year to become the world's fourth-largest auto market in another sign of emerging countries' growing importance to the industry.

New-auto sales climbed 14% on the year to 322,074 vehicles in December, according to data released Thursday by the Society of Indian Automobile Manufacturers. Full-year sales rose 10% to roughly 4.01 million vehicles, an all-time high.

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