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Basics of Economics

Basics of Economics. Asmita Misra , Kunal Dewalwar , Kartika Malpani. Study of the impact on Indian Economy if supply of Auto-rickshaws is reduced. Bajaj is the world’s largest manufacturer of auto-rickshaws, producing 5,20,000 a year, more than half for export .

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Basics of Economics

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  1. Basics of Economics AsmitaMisra, KunalDewalwar, KartikaMalpani

  2. Study of the impact on Indian Economy if supply of Auto-rickshaws is reduced.

  3. Bajaj is the world’s largest manufacturer of auto-rickshaws, producing 5,20,000 a year, more than half for export. • Price per auto: Rs1.45 lac to Rs2.25 lac Source: http://blogs.independent.co.uk/2012/01/04/ambani-and-bajaj-show-what-indian-industry-can-do-despite-the-government/

  4. Auto rickshaw consumption currently. If supply is reduced, what happens to this gap created? Monopoly – higher fares Buses / cycles / cycles rickshaws / taxi / motorcycle / scooters / trains – trams / pvt buses / new product development? Personalized routes Easy to navigate through narrow streets Pay per use Directional guidance by driver Cycles Motorcycle / scooters Taxi New product development?

  5. Economic impact of reduction in Auto-rickshaw supply • High demand of rickshaws and low supply, therefore high prices + fares • Monopoly of existing rickshaws – will grow incrementally richer • Gain in alternate transport markets (2/3/4 wheeler) • Incremental use of public transport – profit + investment for the Govt– outsource to private players?

  6. Economic impact of reduction in Auto-rickshaw supply • Major manufacturers (Bajaj/TVS/etc)and export market will face turmoil • Possibilities of new product development • Loss in mobile advertising • Impact on • fuel consumption • pollution generated • road traffic

  7. Thank You

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