India has emerged as the fastest-growing car market in 2010-11, beating its Asian counterpart China, said The Hindustan Times. Due to the relentless spurt in demand in the domestic market and an unprecedented slowdown in growth in China, the Indian car market grew by over 29%, with record sales in the first three months this year.
China, however, saw its slowest quarterly growth in two years in the same period but still managed to grow by a healthy 25% during the fiscal. It was significantly off the 40% pace it set in the previous fiscal, said the paper.
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