2021-03-06 12:16:21
I am sharing some key observations on Automobile Industry.
In United States there are 980 cars per 1000 people.
There are around 850 cars per 1000 people in Europe.
Very interesting fact that China is having 164 motor vehicles per 1000 people.
In India, there are just 22 cars per 1000 people.
Golden Opportunity for Indian Automobile Industry as per the research passenger car ownership in India will grow by 775% over the next two decades with 175 cars per 1,000 people in 2040.
Highlight - Majority of cars sold of Diesel and Petrol Variant.
So it is Blessing in Disguise for India in the world to jump the bandwagon straight to the Electrical Vehicle Space, like it did in the past as we skipped the Wired phone revolution means Land Line Connections and jumped directly to Cell phones.
Just the Electric Vehicle battery market alone could be $300 billion in India in next 10 years.
The Indian automobile industry is the world's fifth-largest by production.
It contributes over 10% of India's GDP and has one of world's fastest growing e-commerce markets.
Technology will change the second hand car export market EVs can easily be built by the 3rd world industry. Batteries Motors electronics and steel. A new Era in the automobile market is in the making.
Warren Buffett owns more of a Chinese electric car company 'BYD' than General Motors of United States.
As per the trend gathering steam Electric Vehicle Stocks could Surge 100% in next two years.
The Indian electric vehicle infrastructure market is forecasted to surge at a compound annual growth rate (CAGR) of over 44% during a forecast period 2020-2027.
We are venturing into a decade of biggest transformation in Passenger Vehicles Market.
If you purchase a car within the next 5 years, it may just be the last fossil fuel vehicle you ever own.
Change begins with a few, who lead from the front and inspire others to do the same.
Regards,
KIRAN SHETH (WOLF OF INDIA).
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