India continues to boom, as a population, an economy and as a middle-class. And with that comes cars, lots of cars. According to a new study by Booz & Company, India will become the world’s 4th largest car market by 2015.
Currently that spot is held by Brazil, another emerging market, which is likely to give India a challenge. Brazil only captured 4th place last year, beating out Germany. In third spot for global vehicle sales is Japan, preceded by the U.S., with China topping the list.
When combined with China and Japan, Asia is set to take control of demand in the auto industry, with the report suggesting that by 2020 Asia could account for 65 percent of all vehicles sold.