China low-cost auto market demand to reach 2.6 mln units in 2012

According to Roland Berger consulting firm, low-cost automobile sales will prevail around the globe for the next few years, annual sales will reach 18 million in 2012. Alone, China's market capacity will be 260 million units. Demands are mainly from India and China and other emerging countries, but the market capacity of developed countries will be 4 million within six years.