Natural Disasters, Economic Changes Create Uncertainty in Asia Auto Industry

Mohit Arora

The Asia Pacific region has been experiencing a steady increase in light-vehicle sales, and by 2015, it is projected that light-vehicle sales in the region will reach 44.1 million units. This rosy outlook for the Asia Pacific region is underscored by China reigning supreme in 2010 with 17.2 million units in light-vehicle sales, surpassing the next largest market—the United States—by more than 5 million unit sales. In India, light-vehicle sales reached 2.7 million units, making it possible for India to surpass more mature markets such as France, the U.K. and Italy to become the sixth-largest light-vehicle market in the world. Continue reading ›