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Growth in India’s automobile manufacturing market is expected to be world no. 1 during 2006-2011, according to Price Waterhouse Coopers.

Only one person out of every 1,000 in India owns a car. The ratio is 450:1000 for the US and 1:2 for Western Europe.

India’s auto vehicle sales is set to rise to 2 million units by 2012, said JD Power & Associates. This against a backdrop of cars being considered a luxury only less than a decade ago.

India produced 1.36 million passenger cars in 2005. Manufacturers expect production to hit 3 million by 2012.

Compact hatchbacks are most popular in the country, where models like Hyundai’s go for US$7,000. Home-grown Tata Motors wants to redefine market rules with the advent of its US$2,500 car.

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