7% of Indians own passports. However, only 1% of Indians take international travel.
The total luxury cars (like Mercedes Benz, BMW and so on) owners in India is estimated to be around half a million. Yes 0.5 million or 5 lakhs. Just 0.03% of the population. This is significantly low when compared to other Asian countries like Thailand, where the ownership rate is 5%.
Do you know that 53% of Thais own a car while it is only 7% in India.
We've miles and miles to go.
Courtesy: D. Muthukrishnan, Tweet
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