China, India lead auto sales recovery in 2010: study

Buoyed by the booming markets of India and China, global auto sales is expected to grow 4.3 per cent this year to 66.1 million units, a South Korean automobile research body forecast on Tuesday.

The expected recovery in global auto sales will be fuelled by an estimated 11.8 per cent growth in Indian auto sales this year and an expected 9.9 per cent increase in China, the Korea Automobile Research Institute (KARI) said.

India and China represent the two most important growth markets for the ailing global auto industry, Yonhap news agency quoted the report as saying.

The Indian auto industry had reported the highest ever sales in a single month at over 11 lakh units in January.