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the other side is that CHinese additional auto production is 3 million while the Indian total auto produciton is only less 2 million..No offence, but two decades of a head start in economic liberalization would expect one to have China to "have done" more than India is "doing". Nevertheless, we are catching up, and faster than you can say "boo", han.
"In 2009, India emerged as Asia's fourth largest exporter of automobiles, behind Japan, South Korea and Thailand."
"Helped by cheaper labor and a surging local market, India this year overtook China in auto exports and is challenging Thailand and South Korea as an alternative production center in Asia."
Suzuki, Hyundai?s Indian Car Exports Beat China?s (Update2) - Bloomberg.com
"India Poised to Grow Faster Than China Among Top Automakers "
India Poised to Grow Faster Than China Among Top Automakers - Bloomberg.com
"India has the edge over China in car exports as big automakers move to India. Beijing, for its part, is trying to pump up domestic demand through policies that facilitate personal credit.
Helped by lower labour costs and cheaper raw materials (more than 10 per cent compared to Europe and the United States), India is becoming a growing market for minicars and compact vehicles. The sector’s growth has also been nudged by a lower manufacturing tax (8 per cent excise duty) and, unlike China, Indian authorities do not require foreign companies to set up joint ventures with at least 50 per cent capital held by local partners.
Big carmakers, especially those from Asia like the Suzuki Motor Corporation, Hyundai Motor Co. and Nissan Motor Co. are expanding their Indian platforms to export compact vehicles at the expense of other countries like Thailand and South Korea.
This year exports by Maruti Suzuki India more than doubled to 79,860 vehicles. In August alone it exported 14,847 vehicles and aims to ship 130,000 vehicles during the current fiscal year.
According to data released by the Society of Indian Automobile Manufacturers, India's total exports in the first seven months of this year rose 18 per cent per cent to 229,809, including mini cars and hatchbacks which gained 44 per cent. By 2015 small cars will account for 95 percent of the 690,000 passenger vehicles India will export.
In contrast, China’s exports slumped 60 percent to 164,800 between January and July. The same happened to vehicles produced in Thailand whose export declined by 43 per cent whilst South Korean exports dropped 31 per cent."
INDIA ? CHINA India and China, future car giants - Asia News l 09/09/2009
according to my observation, cars is pouring into CHinese families.
in the coming next 2-3 years, China's auto yearly production may double from 13 million to 20-30 million easily.
My borther bought one car one month ago..
I am to buy one car 2-3 year after paying off my house loan.