Sales information reveals that China and the US stay the world’s largest auto markets, whereas India stood in fourth place by way of volumes on the finish of 2021.
View PhotosIndian auto gross sales stood over 3.5 million models in 2021, rising by 26% over 2020
The auto sector globally has been working beneath immense strain and difficult circumstances. With a uncooked materials scarcity, semiconductor points, and unstable retail circumstances, the auto business took a giant hit through the pandemic. Nevertheless, the latest gross sales information from world markets reveals that over 82.1 million autos together with passenger automobiles, vans and light-weight industrial autos had been bought the world over in 2021, witnessing a hike of 5 per cent year-on-year. The information additionally revealed that China and the US remained the world’s largest auto markets, whereas India stood in fourth place by way of volumes.
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China stays unbeatable because the world’s largest automotive market with 11% of its volumes coming from EVs
Starting with China, the market remained the least affected by manufacturing points in 2021, as gross sales stood at 26.3 million models in 2021, up by 4 per cent from 2020 and 6 per cent from 2019. Meanwhile, the US bought 15 million models final yr , with gross sales up by 4 per cent over 2020. However, gross sales had been down when in comparison with pre-pandemic ranges when gross sales stood at 17 million models in 2019. Between China and the US, the previous noticed an 11 per cent contribution of electrical autos in whole gross sales, whereas EVs accounted for about 3 per cent of the market within the latter. In Europe, EVs contribute about 10 per cent to the whole gross sales quantity.
India is the third-largest market within the Asia Pacific area after China and Japan. India additionally noticed the very best year-on-year progress when in comparison with different nations
With respect to the Indian market, auto gross sales stood over 3.5 million models in 2021, rising by a wholesome 26 per cent year-on-year when in comparison with 2020. Sales had been additionally up by 1 per cent when in comparison with 2019. With respect to gross sales, India noticed the very best year-on-year progress in distinction with different high 5 markets globally. Meanwhile, Japan was the third-largest market by quantity with 4.3 million autos bought in 2021, a decline of three per cent over 2020 and 14 per cent over 2019.
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The world’s fifth-largest automotive market, Germany, noticed gross sales stand at 2.8 million models, witnessing a decline of 9 per cent over 2020 and 26 per cent in 2019. The different nations that made it to the highest 10 auto markets included France in sixth place, adopted by the UK, Brazil, Korea and Canada. While Korea moved as much as ninth place, Italy dropped to twelfth in 2021. In Africa and the Middle East area, Saudi Arabia was the largest market with over 528,000 models bought final yr, adopted by South Africa which bought 437,000 models.
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Source: Motor1.com
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With inputs from NDTV
