FACTS AND FIGURES- AUTOMOTIVE INDUSTRY

Indian Automotive segment, the fastest growing segment in the market, has reached where it is today with quite many leaps and bounds, while taking fascinating turns in its journey.

While looking through the market now, we think we know what automotive segment has been through and what it has to offer, but let’s go through the facts you are about to read below, and then decide how well u know Indian Automotive Industry.

• From Total Country’s Excise Revenue, Auto industry contributes 18%
• Approximately Rs.56, on every 100 that, you spend on buying a car goes to Government in form of Various Taxes.
• Approximately Rs.82, on every 100 that, you pay to buy a luxury car; SUV goes to Government in form of Various Taxes.
• Employment of 13 persons for each truck, 6 persons for each car, four persons for each three wheeler and one person for each two-wheeler is generated by Auto industry
• Industry also contributes to almost 49% of total nation’s manufacturing GDP
• Passenger car ownership grows from less than 20 vehicles per 1,000 inhabitants to more than 20 vehicles per 1,000 people year on year.
• Out of 1000 people, only 85 persons have two-wheelers.
• One in every two scooters sold is a Honda Activa
• One “two-wheeler” comes out of the production line every two seconds in India
• In 1995, one car was made for 3186 people in India, and now there are 481 people for one car in the market.
• 1 out of every 2 “Three-Wheeler Passenger Carrier” is of “Bajaj”.

These facts and figures do make me grasp for more information not just on new Automotive Industry, but also on used Automotive Industry and market it triggers. If you are as keen as me, and is looking forward to buy a used vehicle of any make and model and learn more about it, visit ShriramAutomall soon to see the vast inventory they have to offer in person. You can also click the link below to go through the inventory online after easy registration.