Italy is home to some of the most iconic automobile brands and has been closely associated with the conceptualization and development of many technologies and products – in the super premium, premium and mass-market segments.
Data reveals that while around 82 million passenger vehicles were sold the world over in 2021, a five per cent rise vis-a-vis 2020, some countries like Italy fared weaker.
The Italian car market was the 12th largest, as per data based on global sales of light vehicles in 2021 compiled by Motor1.
Sales have dipped not just in Italy but in markets like Germany, France, UK and Spain as well even if most of these countries still figure in the list of top 10.
The US is placed second but China’s boost to electric vehicles is likely to help the market here extend the lead over other markets.
The ground reality is that while demand for passenger cars here remains robust, as per Society of Indian Automobile Manufacturers, the production and supply isn’t exactly able to keep pace.