Eyeing a place on world stage
With a chance to break into the top five biggest automobile markets in the world by 2015-16, the domestic automobile industry will begin the decade with a bang, with the biennial New Delhi Auto Expo.autos Updated: Jan 03, 2010 21:19 IST
With a chance to break into the top five biggest automobile markets in the world by 2015-16, the domestic automobile industry will begin the decade with a bang, with the biennial New Delhi Auto Expo.
The week-long event begins on Tuesday, and with 2,100 confirmed participants from 30 countries and a 120,000-square metres venue, the Expo is already among the biggest.
Currently, India is the ninth largest automobile market in the world, and the second-largest two-wheeler market, fourth-largest commercial vehicle and eleventh-largest passenger vehicle market. It is also one of the fastest growing car markets besides China.
"I expect India to at least overtake countries like France, Germany, South Korea and Italy in the next five years and emerge the fourth largest automobile industry in the world," said Pawan Goenka, president, Society of Indian Automobile Manufacturers. "Most of the developed markets are stagnant and well within our grasp."
The Nano-driven 2008 edition saw 1.8 million footfalls. This year, though there is no Nano, the organisers expect numbers.
"We expect a similar response," said Chandrajit Banerjee, Director General, Confederation of Indian Industries.
“The number of participants has also gone up. India's emergence in the automotive world has spread the word about this event."