Sunday, November 15, 2009

India exports more cars than China

China exports lot, no? Now, eat this:

As per as Businessweek, India is now ahead of China in automobile exports, but at the same time, Indian market itself is much smaller.
(Exports till Sep'09: India: 292k cars, China: 221k cars, also India is growing while China is shrinking)

Have a look at the domestic market:
India: 2 million cars
China: 10 million cars

So, in a nutshell, India has low demand and relies on exports , while in China, all cars produced are gobbled up by the huge Chinese domestic market and no one gives a damn about export.

Link to businessweek: www.businessweek.com/magazine/content/09_47/b4156062756429.htm

1 comment:

  1. hey dear, no new posts, whats wrong this u???????

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