What is average age of cars in India?
The average age of cars in India is around 5-7 years. This is significantly lower than the global average of 11-13 years, suggesting that Indian drivers prefer to buy new cars. The rate of car ownership has been rising in India due to the growth of the economy and the rising disposable incomes of the population. This has created a demand for new cars, leading to an increase in the average age of cars. Additionally, the Indian government has been providing incentives to car manufacturers, which has also helped to reduce the average age of cars. As a result, the average age of cars in India is lower than the global average.