Global automakers shift focus to India as sales stagnate elsewhere. Suzuki and Hyundai are banking heavily on the Indian market amid global uncertainties. Suzuki raised its production forecast to 3.52 million units this fiscal year, with India accounting for 56 percent of global sales. The Japanese giant's Indian subsidiary Maruti Suzuki operates four factories with combined capacity of 2.6 million units annually. Hyundai projects India will deliver its fastest sales growth globally in 2026, expecting 3.1 percent expansion compared to flat growth in Europe and modest gains in the US. The shift reflects India's emergence as the world's third largest auto market with significant growth potential. GST rate cuts, cheaper car loans from RBI rate reductions, and income tax reforms are driving strong demand.
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