The transport demand in India has been
growing rapidly. Sustained economic growth, improved road infrastructure and
increased disposable income of households have led to the rising demand for
road transport.
There has been a continuous increase in the number of registered
motor vehicles in India since 1951. The total number of registered motor
vehicles increased from about 0.3 million in March, 1951 to 230.03 million up to 31st March, 2016 .
The total registered vehicles in the
country grew at a Compound Annual Growth Rate (CAGR) of 9.9 per cent
between 2006 and 2016
Course Purchase Query 