India on Track to Become World’s Third-largest Car Market

At an upscale automobile showroom in New Delhi, Narendra Bhati, whose family is in the real estate business, has just purchased a Toyota Fortuner. “I am buying it as a gift for my sister’s wedding,” he said. “I, too, have the same car and it is a good one.” As customers like Bhati boost car sales, global and domestic automakers are posting brisk growth in Asia’s third-largest economy, putting it on track to become the world’s third-largest car market over the next five years. About...

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