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 …

Edward Snowden

This seems to me to be the defining journalism-whistle-blower story of this generation. It's rare in today's world when privileged people voluntarily choose to take steps whereby they give up comfortable lives to do something that is in the 'public good.' Mr. Snowden was clearly a computer whiz which explains why he got jobs at the CIA (including postings in Geneva under diplomatic cover). Booz Allen obviously did not hire him or pay him the $1,20,000 salary without Mr. Snowden showcasing some considerable technical expertise. I believe Mr. Snowden's expertise probably lies in having deep expertise in various flavors of Linux. That is what I am inclined to infer from his various job roles as a 'Systems Engineer' or 'System Administrator.' Being the self-driven sort of person that he was, I am sure he must be having good knowledge about networking and encryption stuff including but not limited to Cisco routers and related technologies. To put these t…