The report projected a compound annual growth rate (CAGR) of 3.5 per cent for car sales in India, the fastest pace in Asia.

Moody’s projects India’s car market, the third largest globally, to grow 3.5% CAGR to 5.1 million units by 2030, driven by rising domestic demand and expanding investments in electric vehicle ...

Moody's analysis highlights India's remarkably low vehicle penetration rate of 44 cars per 1,000 residents as a key indicator ...