BRIC Countries to Dominate Global Auto Sales, Transforming Industry Landscape.
The automotive industry in Brazil, Russia, India, and China (BRIC countries) is set to grow significantly in the next decade, with these countries accounting for 30% of global auto sales by 2014. Global automotive companies are increasingly investing in R&D, manufacturing, and sourcing in these countries. The key trends include liberalization, globalization, and increased foreign investment. State regulation plays a crucial role in the development of the automotive industry in these countries. The comparison of the automotive industry in BRIC countries highlights the differences in their development capacities and serves as a guide for other rapidly developing economies.