State of the Chinese and Indian Fleet Markets: 2015
Source: General Motors
The largest market in Asia Pacific is China, which is also the largest vehicle market worldwide, with 22 million units sold annually.
The Chinese fleet market breaks out into five vocational segments: sales to state-owned businesses, government, emergency services, long-term rental, and taxis.
There is much growth potential for the automotive sector in India. Despite its population of more than 1.2 billion people, India sells just 3.38 million vehicles per year.
In 2015, there was growth in the leasing industry in India, which is made up of both global leasing brands and national operators, whose main customer has been traditionally the large national or multinational companies.
For a full overview of the Chinese and Indian fleet markets, go to the report by Automotive Fleet Editor Mike Antich here.