Are we going to use more cars !

The car sales are now near normal in July. Commercial vehicle sales are still quite weak and needs Government support in some form or the other. Lower GST will certainly help the sector get some boost. Two wheelers have also been still about 16-20% below normal. So, it seems that the car sales have come near to normal at the quickest pace. It also means that car market in India is set to expand rapidly in the next five to ten years. Just for information, the car sale in China is about 2 crores per annum and in India, it is still 36 lakhs per annum. So, we still have a long way to go. As economic prosperity increases, two wheelers will get replaced by cars and hence the sale of cars in China is higher than two wheelers. Same is the case with USA.

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