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Andhra, Kerala Top Ease of Vehicle Ownership Index; UP, Bihar at Bottom: Report
Sentiment: NeutralHigh Priority
What Happened?
A report reveals Andhra Pradesh, Kerala, and Tamil Nadu lead in vehicle ownership ease, while Uttar Pradesh, Bihar, and West Bengal rank lowest. The findings highlight significant disparities in ownership transfer procedures.
Key points
- Andhra Pradesh scored 5.9, the highest in the Ease of Vehicle Ownership Index.
- Kerala followed with a score of 5.7, while Tamil Nadu and Delhi both scored 4.6.
- Uttar Pradesh, Bihar, and West Bengal ranked lowest with scores of 2.5 and 2.6.
- 39% of citizens reported delays in receiving registration certificates after vehicle transfers.
- The pre-owned vehicle market in India is projected to grow from $36.4 billion in 2025 to over $73.5 billion by 2030.
- The report calls for a unified digital vehicle records system and standardised procedures.
Key insights
- The low scores indicate a need for improved administrative processes in vehicle ownership transfers.
- Increased market growth could lead to more streamlined procedures if reforms are implemented.
- The reliance on intermediaries suggests a lack of trust in the current system, which could hinder market expansion.
Why it matters
The findings highlight the challenges faced by consumers in vehicle ownership transfers, affecting market growth.
Tags
Entities
Andhra Pradesh· StateKerala· StateTamil Nadu· StateUttar Pradesh· StateBihar· StateWest Bengal· StateDelhi· CityConsumer Voice· OrganizationIndiatech· Organization
Source
Times of India
