The ownership of vehicles among the poorest households in India has been a topic of interest and concern in recent years. According to reports, there has been a significant increase in the number of households owning vehicles, even among the economically disadvantaged sections of society. In the year 2011-12, only 6% of the poorest households in the country owned a motorized vehicle such as a motorcycle, scooter, car, or jeep. However, by the year 2022-23, this number had risen to 40%, indicating a substantial growth in vehicle ownership among the poorest families.
One state that stands out in terms of the highest percentage of households owning vehicles is Punjab. In rural areas of Punjab, the percentage of households owning private vehicles increased from 15.5% in 2011-12 to 62.5% in 2022-23, showcasing a significant rise in vehicle ownership in the region.
Moving on to urban areas, Punjab also leads the way with 65.7% of households owning vehicles in urban areas of the state. This indicates a strong trend towards vehicle ownership in both rural and urban parts of Punjab.
In rural areas, Karnataka and Madhya Pradesh follow Punjab in terms of the percentage of households owning vehicles. In Karnataka, the percentage of households owning vehicles increased from 3.3% in 2011-12 to 56.6% in 2022-23, while in Madhya Pradesh, the percentage rose from 7.2% to 62% during the same period.
Looking at the overall trend of vehicle ownership in rural areas across states, Tamil Nadu, Gujarat, Kerala, Rajasthan, Andhra Pradesh, Madhya Pradesh, Haryana, and Maharashtra have shown significant growth in the percentage of households owning vehicles from 2011-12 to 2022-23.
Similarly, in urban areas, Karnataka, Gujarat, Tamil Nadu, Andhra Pradesh, Kerala, Maharashtra, Haryana, and Rajasthan have witnessed a substantial increase in the percentage of households owning vehicles during the same period.
The rapid growth in vehicle ownership among the poorest households in India reflects a changing socio-economic landscape in the country. As more families gain access to vehicles, it opens up opportunities for better mobility, access to education and healthcare, and overall improvement in quality of life.
In conclusion, the data on vehicle ownership among the poorest households in India highlights the evolving consumer behavior and economic progress in the country. With the increasing affordability and availability of vehicles, more families are able to enjoy the benefits of owning a vehicle, contributing to their overall well-being and socio-economic development.