November 2, 2006
Brazil, Russia, India and China will account for 40 per cent of auto sector growth
Toronto, Ontario – Brazil, Russia, India and China (BRIC) will account for 40 per cent of the auto sector assembly growth, according to a report from PricewaterhouseCoopers. The company says that while several mature markets will grow over the next four years, BRIC will account for more than 40 per cent of forecast global light vehicle assembly increases, and represent 52 per cent of the industry’s forecast global capacity expansion.
According to the annual Global Automotive Financial Review by PwC, these factors are reflected in the fact that nearly all major global automakers are pursuing a BRIC strategy in some form, as they tap the potential of these emerging markets.