OEMs and suppliers have set up production and sales facilities in APAC to cater to the demand of the market. It is also witnessing growth in population and income levels, which are subsequently increasing the demand for automobiles. OEMs in this region are not only catering to local demands but are also serving developed markets through exports. China, Japan, and India are collectively driving the automobile market holding the largest shares of the global market with respect to production and sales.
Read More