India occupied seventh positioned in world automobile

India With an annual production of about 2,632,694 cars in 2009, India is now the seventh largest vehicle producing nation in the world. It is a milestone the country achieved six years ahead of the set target.The Indian automobile sector is also one of the fastest growing markets globally. India aims to become the small car hub of the world by dethroning Japan, the biggest maker of compact cars, a majority of which is consumed domestically.Last year, India pipped Brazil to become the second-largest producer of small cars.India also aims to be among the top five vehicle producers by 2020. India was home to 40 million passenger vehicles by the end of 2009, with auto sales of over 1.5 million cars. This rapid pace of growth has made India the world's second fastest growing automobile market.

India is projected to have the largest number of cars in the world -- 611 million to be precise -- by 2050. According to the third BRIC (Brazil, Russia, India, China) report by investment banking firm Goldman Sachs.