⬆️ Car per 1000 Person in India
👉🏻 India has about 34 cars per 1,000 people.
👉🏻 This is much lower than the world average of 314 cars per 1,000 people.
> Here are some other facts about car ownership in India:
1. In 2022-23, 6.7% of Indian households owned a car.
2. Over two-thirds of car owners are families who earn mostly from the services sector.
3. The number of registered vehicles in India has been steadily increasing over the past two decades.
4. Maharashtra has the highest number of registered motor vehicles in India.
5. Delhi has a higher car penetration ratio than other states.
6. Some factors that have contributed to India’s car penetration growth include a growing middle class, increasing disposable incomes, and a low penetration ratio
✅ India Vs China – Car per 1000 person
👉🏻 China has 223 vehicles per 1,000 people, with an average annual growth rate of 14% from 2015–2020.
1. The number of vehicles per 1,000 people in China has varied over time, with an all-time high of 115 in 2019.
2. Car ownership varies by province in China, with Beijing having the highest number of cars per 1,000 people at 198.
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> Source BY Sebi RA: INH000017189
⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation. The analysis has been done for educational and learning purpose only.
