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India emerges as 4th largest auto market: data


India has emerged as the fourth-largest auto market in the world, which will further intensify the competition among global automakers to expand their presence there, industry data showed Thursday.

According to the data by the Korea Automobile Manufacturers Association, a total of 877,000 new cars were registered in India during the first quarter of the year, rising 4.7 percent on-year, the largest growth tallied among the four BRIC countries -- Brazil, Russia, India and China -- the data showed.

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