With the public road transport system in a dilapidated state, the sales of the private vehicle are on the rise. The sales of private vehicles are largely responsible for the spurt in the registrations of vehicles in the country.
An all-time high of 1.96 crore vehicles were registered in 2015, which is almost 53,720 vehicles being sold every day. Back in 1993, vehicle registration was at 10 lakh and it has grown steadily over the years.
As per the statistics of vehicles registrations, UP had the highest with 24.38 lakh vehicles, Maharashtra came second with 19.91 lakh and Karnataka came third with 15.16 lakh vehicles being registered in 2015.
Sources from the transport ministry said, "But we must also keep in mind that over 75% of vehicles are two-wheelers. This segment is growing fast as the price of two-wheelers is within common man's reach and the transport cost per kilometre is less than what is charged by buses."
Some experts believe the number will grow to 35 crores from the present 18-20 crore in the next 20-30 years. The solution is in improving public transport and the availability of buses. The experts pointed out that it is easy to get a loan for a two-wheeler or even a four-wheeler, though it is not the same with a bus.