A better volume visibility relative to other auto segments is attracting investors to passenger car companies. For instance, India's largest car maker Maruti Suzuki has emerged as the top buy in the auto sector . First, the car penetration in India at nearly 28 per 1,000 persons is closer to an inflection point. Currently , car aggregation segment accounts for about 10% of the car demand. Uber plans to lease about 2 lakh car over the next two years.

Source: Economic Times April 05, 2017 05:15 UTC