What’s Driving India’s Growth While Global Markets Contract? Global automotive production stagnated in 2024, with worldwide output slipping by 1% to 92.5 million vehicles [1]. Major markets faced contraction: USA (-12%), Japan (-9%), Germany (-1%), and Thailand (-20%) [2]. Europe’s car production fell 6.2%, and North America dropped 3.2%, reflecting the impact of high interest rates, EV subsidy cuts, and geopolitical uncertainty [3]. India stands out as an exception. In 2024,
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