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NEW DELHI: The number of registered vehicles has spiked from just 3 lakh in 1951 to nearly 30 crore in 2019.
The increase in the number of registered motor vehicles indicates improved accessibility and quality of transport for citizens.
Total registered vehicles in India grew at a compound annual growth rate of 9.91% over the last decade.
Year-on-year growth in registered vehicles has, however, shown a decrease. From 2001-02 to 2002-03, India registered the highest YoY growth at over 13%. YoY growth from 2017-18 to 2018-19 was less than 9%.
Category-wise growth of registered motor vehicles show that two-wheelers account for the highest number of registration at 221.3 million in 2019 (75%) followed by cars, jeeps and taxis 38.4 million (13%).
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