Skip to main content

Heart Attacks and Car Sales

Ramalinga Raju has apparently suffered a heart attack. So, the usual trend of VIPs in jail suffering from a heart attack continues. So, nothing new there and nothing much to comment about.

All I would like to say is that I do not agree with the overall condemnation of Raju ... the kind of massive avalanche of criticism that he had to face when he admitted to falsifying Satyam's accounts.

People were being too sanctimonious, I thought. I want him to get the credit for building a successful IT company from scratch — a company that has generated direct employment for some 50,000 youngsters and many more if you consider all the trickle down effects of that.

In other news, car sales in India in August have zoomed according to industry data. This is very much a counter-cyclical trend in the global automobile industry. The industry is is decline in much of the world. So, global automakers are all making a beeline to the Indian market which is basically the only game in town.

This upstream swim might be explained by the fact that the market in India is still in relative infancy compared to four-wheeler markets in the West which have basically reached a plateau and are sort of in decline.

This is quite understandable — the bitter truth is that a car is still seen as a symbol of luxury in this poor country while in advanced nations having a car is nothing to shout about.

This is the bigger truth which we need to repeat and repeat and take to heart. We need to aim for the day when Indians will have the same number of cars per capita as people in the advanced nations have today. Is that possible? Ever? Sounds unlikely, right!

That shows how far behind we are. Just an year or two ago, the United States had a 15-million vehicle market while India had a market of about a million vehicles. Remember that the population of the United States is about 300 million while that of India is about 1,200 million.

So, if India and the United States had the same number of cars per capita, India should be having an annual vehicle sales figure of 60 million vehicles. So, we are at one-sixtieth of that right now...

Cheers!!!

Comments

Popular posts from this blog

Sarah Kay's poem from TED

If I should have a daughter, instead of mom, she's going to call me Point B,

because that way she knows that no matter what happens, at least she can always find her way  to me.
And I am going to paint the Solar Systems on the backs of her hands, so she has to learn the entire universe before she can say 'Oh, I know that like the back of my hand'
And she's going to learn that this life will hit you, hard, in the face, wait for you to get back up, just so we can kick you in the stomach but getting the wind knocked out of you is the only way to remind your lungs how much they like the taste of air.

Top 10 Crazy Facts About India

Here's a random list of things. 1.Indians sometimes prefer to abort a fetus if they find out that it's female. (Or they just kill the new born baby after it's born.) 2.There are more than 20 million babies born in India. EVERY. SINGLE. YEAR. 3.Child labor is so commonplace in India that few notice it or consider it out of the ordinary. Kids work as waiters or dishwashers in roadside restaurants. Sometimes, kids ferry tea to the local police station from a nearby roadside tea stall. 4.Massive numbers of kids and younger and adult women are employed as maids in middle class to rich households. Middle class houses might pay 200 rupees to a female who comes and washes the dishes. Rich houses might employ women permanently by paying them more. 5.Cars in the Indian cities are washed in the morning by car-washers who tend to be young men who get paid around 100 to 200 rupees per month for this service. 6.India is home to some crazily competitive exams. The IIT JEE and the IIM CAT have …

Dowry Seekers Please Excuse

If you are a male of a certain age in India, of course you are seeking a suitable alliance. The below is a compilation of the definitive characteristics of the Indian female. This should help the grooms find and choose their perfect life partner. Girls are traditional … and with a Fair complexion too.They carry Positive attitudes and expect the same.Their Priorities are more to family values and Indian culture.They’re often simple and sober.A beautiful girl of high oral values, strong character, righteous... virtuous... kindhearted, God fearing.... straight forward... traditional values and modern outlook... done PG (anthropology **** University). They’re sincerely from core and strong will power.They’re god fearing and trust on god very much.They’re very Ambitious.my famly believs in horroscope matching so, please provide ur birth details along with ur inteterest.
& those who support dowry... please xcuse.........Hobbies: Cooking &…