[Monitor] India replaces S. Korea as world's No. 5 automaker

India overtook South Korea as the world’s fifth largest producer of automobiles in the first seven months of this year, industry data showed Sunday. It is the first time in 12 years that South Korea has ceded the No. 5 spot. If the trend continues, South Korea is in danger of losing the No. 5 spot on an annual basis this year.