'INDIA HASTHE POTENTIALTO BETHE WORLD'S LARGEST CAR MARKET'

Says Toshihiro Suzuki, president of Suzuki Motor Corporation whoalso adds that small cars will continue to berelevantin Indiain the future. Ketan Thakkar has thestory.

Toshihiro Suzuki, president of a Motor Corporation, says India has the potential to be the largest car market in the world and that Suzuki Motor would like to capture this growth by developing technology for the right mobility solutions for the market. His comments come close on the heels of India overtaking Japan as the third-largest car market in the world.

In terms of current vehicle penetration, Toshihiro Suzuki says in India, which has a population of 14 billion, only 0.3 billion people use cars. Therefore, with such a low level of penetration, there is still huge potential of 1.1 billion people using vehicles. The small car has a potential to do good in the future as well,” said Suzuki. Autocar Professional was the first to report this development.

As to when he expects India to become the global No. 1, Suzuki said it is difficult to predict such a scenario, given the disruptions in the global automotive industry but reiterated that India has a potential to be No. 1.” The country already accounts for over 50-60 percent of overall global business for Suzuki Motor Corporation and the president believes the share will only go increase in future.

Small cars ideal to deal with disruptive megatrends