India has overtaken South Korea as the fifth-largest carmaker in the world with 25.7 lakh cars manufactured in the first seven months of the 2016 calendar year. Other countries ahead of India in the charts include Germany, Japan, the USA and China. It’s for the first time in a decade that the ‘Land of the Morning Calm’ has lost its spot in the top-five automobile manufacturing countries. Last year, it had manufactured a total of 45.5 lakh vehicles against India’s 41.2 lakh.