Country’s robust automobile manufacturing base is now churning out cars and bikes for diverse geographies from Latin America, Africa to East Asia and Australia.
In fiscal 2016, India exported more cars across the world than China. On the one hand, it does not mean much. In the overall list of top car exporters, India still ranks a poor 20th. Even among emerging economies in Asia, it is behind Thailand.
Yet, overtaking China has its own importance. It is the world’s largest automotive market and also the largest producer. The growth of China’s economy in the last two decades has been led by its rise as an export giant — first in textiles and then in steel followed by computer hardware. It is difficult to find a smartphone or a computer today that does not have even one component that is made in China.
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