The ongoing strike at Hyundai Motor’s South Korea facilities might just push India to the top 5 spot in global car production this year. India ranked sixth in global car production during the first eight months this year producing 2.71 million vehicles, just behind South Korea’s 2.71 million vehicles during the same period.
India’s production, however, has grown by 6.6 per cent year-on-year (y-o-y), while South Korea’s production has fallen by 5 per cent during January to August 2016. In fact, as per reports, in July India had toppled Korea to claim the fifth spot owing to the partial stoppages in production at Hyundai’s South Korean facilities during the month.
China production grew by 8.8 per cent during the first eight months this year, US by 2.4 per cent, Germany by 2.3 per cent, while production in Japan fell by 1.8 per cent.
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