India The third largest automobile market in the world is. India achieved this position by beating Japan in the year 2022. Last year, 42 lakh cars were sold in the country. However, the figure seems as impressive as this figure, the car honorship status is not as encouraging at the domestic level. The shocking figure is that only 6% of families in India have their own car. This rate is much lower than the African country of Nigeria, where 18% of families have cars. At the same time, 17% of the families in our neighbor and the world’s largest auto market also have their own car.
How many people have cars in developed countries
According to data from Pew Research Center, many developed countries of the world are miles ahead of India in terms of car ownership. Italy is at the top of this list, where 89% of families have cars. Italy is known for many luxury car brands such as Ferrari, Lamborghini, Maserati and Fiat.
88% of families in America have their car
Italy is followed by the world’s most powerful country America, where 88% of the families have their own car. Europe’s largest economy Germany ranks third in this list, where 85% of the families own the car. Germany is also known for world famous car brands such as Audi, BMW, Mercedes-Benz, Porsche and Volkswagen.
Status of other major countries
The fourth place is France, where 83% of the families have a car. South Korea (83%), Japan (81%), Spain (79%), Greece (76%), UK (74%), Israel (71%), Poland (64%), Russia (55%), Chile (49%), Brazil (47%), Brazil (47%), Argentine (43%), Turkish (42%), Turkish (35%), South Africa (31%), Ukraine (29%) and Egypt (20%) are also ahead of India in terms of car ownership.
The condition of neighboring countries
Talking about the neighboring countries of India, only 3% in Pakistan and 2% in Bangladesh have car, which is less than 6% of India. These figures show that despite having a large auto market, the per capita car ownership in India is still very low and there is a great scope for improvement.
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