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Car production: India records 30% growth
By agencies
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Thursday, 14 April 2005, 19:30 IST
BANGALORE:India registered the fastest growth among the top 15-passenger car producing countries in the world in 2004.
As per latest rankings by the International Organization of Motor Vehicle Manufacturers, OICA, India's car production grew 30 percent in 2004 while Brazil was the second with 17 percent growth.
India is also just a tad away from being among the top 10 automobile producing countries in the world. It jumped two places to the 11th position in 2004.The 86-year-old Paris-based OICA is also the governing body of international auto shows. India grabbed Italy's position, whose ranking slipped to 14th from 11th in 2003. The country produced a total of 11.78 lakh cars in 2004 while Italy produced 8.33 lakh units, with its growth rate declining by 19 percent over 2003.