India to Be Part of Auto Triumvirate by 2030

There's no doubt that India has adopted the right path to success and the country is very likely to grow bigger in the next few years, but analysts are really enthusiastic when it comes to the future. A forecast by consulting firm Booz & Co reveals that India is very likely to surpass the United States in terms of new car sales in 25 years, while Germany and all the other large markets in Europe are likely to be left behind by 2020.

Analysts believe that India's auto sector is developing in the same way as the one in China and predict a bright future for both of them. India's car market thus has the potential to grow up to more than 6 million sold units annually by 2020, which means that "much earlier than 2020, India will exceed the major EU markets" in terms of new car sales, the study shows.

But the best part is the one that states India will become a member of the so-called "Global Big 3". This is supposed to happen in 2030 when China will sell around 40.7 million vehicles, followed by the United States with 17.6 million units while India will take the third place on the podium with 11.7 million units.

The hierarchy is very likely to change five years later when India will overtake the US auto sales, as the study shows.

"It's not that far off," said Booz partner Vikas Sehgal, who conducted the study, according to Indiacar.com. "This is part of the single largest shift in prosperity ever. There's no reason to make cars for those markets in Korea or Japan. There's no question that the center of gravity in the auto world is shifting."