Luxury car market in India has grown at an accelerated pace in the past couple of years.Researches and studies have revealed that the luxury car market is growing at a steady speed of 25% per annum with more and more numbers of luxury cars entering Indian car market. Moreover, it is not only the luxury brands that are creating a benchmark in the Indian industry but also the affluent class people who are keen to splash cash for the cachet of exclusive cars.Statistics show that in 2001-2002 there were nearly about 20,000 families in India with an annual income of more than Rs 1 crore and they used to spend some of their income on luxury cars. By 2005, the number of families earning more than Rs 1 crore rose to about 53,000. Even the World Wealth Report 2005-06 has recorded a growth of 19.3 percent in the number of high net-worth individu What is a slow cooker als in India in the year 2005. It is expected that by the end of 2010, nearly about 1,40,000 millionaires are expected to be found on Indian streets.The key factors contributing to the growth of luxury car market are raising economy and IT boom. Rising economy has given way to more disposable income which people are splashing over luxurious and high-end cars. With the boom in IT industry, youngsters are earning higher packages which enable them to enjoy a joyful ride in their favourite luxury car. Apart from that easy availability of loan and good finance schemes have also pushed youngsters and middle class people towards expensive and luxurious cars. Even the Government of India is supporting the entry of luxury cars by formulating policies such as the relaxation of equity regulations and the reduction of import tariffs on automobiles.
Category: Cars
New Rideshare Website is Ideal for College Students
The stereotypical college student is just getting by financially. In many cases, students cannot afford cars due to more pressing needs such as beer (for students over 21 only, of course) and trips to Cancun for spring break. Many if not most American college campuses have very limited parking. This prevents many students who may otherwise be able to afford a car from having one on campus.Both financial limitations and campus parking shortages result in many students not having cars. While those students may find it easy to get around campus by foot or bicycle, students without cars rely on others when venturing very far from campus. This leads to bulletin boards full of requests for, and offers of, rides to various places as classes end for the semester or for summer, and during spring break.Fortunately, with large colleges and universities, there are usually enough students traveling to the same area that most students are a car finance calculator ble to find rides. This is especially true in large state universities where thousands of students travel to their homes within the state. However, bulletin board rideshare matching leaves something to be desired.Bulletin board rideshare matching involves poring over many postings, very few of which are relevant to any one student. Further, even if a student finds a match, it is unlikely that it is the most efficient available. There has to be a better way. As with so many other things, the Internet has made rideshare matching much easier, more convenient, and more efficient. RideshareOptimizer.com matches riders and drivers based on schedules, and allows drivers to minimize their driving time and distance by finding the riders requiring the shortest detours from the drivers main path.RideshareOptimizer.com accomplishes this task by first finding riders and drivers whose trips have similar schedules, origins, and destinations.
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