Brazil, Russia, India and China are emerging to be the most promising markets for the auto industry and its global players. All the four countries will account for nearly 30 percent of auto sales by 2014. These are the most promising emerging markets that hold potential for the automakers for not only making profits but also setting up their R&D facilities.
According to the recent research and industry experts, the projected sales growth in these countries is 3-15 percent by 2014. On the other hand, sales growth in developed countries is expected to be barely 2 percent in coming years.
China will remain to be one of the strongest markets in coming years where the sales growth is expected to increase from 53 percent in 2008 to 61 percent in 2014 amongst the four BRIC countries. Brazil remains the second strongest player and promises to grow at a healthy rate.
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