India which now ranks as 7th largest car market will move up three places by 2014 according to global consultant Booz&Co. Indian vehicle market is growing steadily with a double digit growth in recent years. According the report, Indian passenger vehicle market will be 3.5million from 2 million now. Car makers from across the world have pumped in millions of dollars on creating plants and launching india specific products. The trend may continue as the car majos like puegeot-citroen and proton will enter the market. Under the Automotive Mission Plan (AMP), the Indian market had earlier set a target to become a USD 145 billion by 2016, for which USD 35-40 billion investment is required.
But where are the roads to accommodate this booming vehicle population? India’s ambitious plan of constructing 20kms/day remains a dream. With the parking spaces already became a scarce one, people are going to find it hard to afford to parking and toll charges rather than buying car