Apr. 9 – India is the second fastest growing vehicle market in the world. The main reasons for this are its rising levels of disposable income and the country’s growing middle class. The passenger car density in India is still very low, 11 per 1,000 people, compared to 45 per 1,000 in China. However, while growth potential is plentiful, traffic congestion and pollution could crop up as problems in the future. In 2011, fuel prices across India rose in response to the government’s raising of interest rates. Despite these unfavorable circumstances, and the fact that car sales fell in the