The majority of growth in the global automobile industry in the coming decade will come from emerging economies such as India, China and Eastern Europe. And the largest contribution to growth of auto market in these countries will be the fast-growing small car segment.

The increasing disposable of middle class population is the key driver of small car market in developing nations. In developed regions like the US and Western Europe, stringent environmental standards are increasing the need for more fuel-efficient cars according to a new report from an Irish think tank, Research and Markets.