YEAR AUTOMOBILE SALES ( IN MILLIONS )
2009-2010 13.69 30
2010-2011 15.51
2011-2012 17.32 25
2012-2013 17.83
2013-2014 18.41
20
2014-2015 19.74
2015-2016 20.53
15
2016-2017 21.82
2017-2018 25
2018-2019 26.28 10
2019-2020 21.55
2020-2021 18.62 5
2021-2022 17.52
2022-2023 21.2 0
2023-2024 23.85 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
source: society of Indian Automobile
manufactureres
AUTOMOBILE SALES ( IN
MILLIONS )
Column C
6 7 8 9 10 11 12 13 14 15 16
YEAR PER CAPITA INCOME (Rs in thousand)
2009-2010 33.901
2010-2011 36.202 PER CAP
2011-2012 63.462
120
2012-2013 65.538
2013-2014 68.572 100
2014-2015 72.805 80
2015-2016 77.659
2016-2017 86.003 60
2017-2018 87.58 40
2018-2019 92.133
20
2019-2020 94.42
2020-2021 86.034 0
2021-2022 94.054 10 11 12 13 14 15
-20 -20 -20 -20 -20 -20 -
2022-2023 99.404 09 10 11 12 13 14 15
2023-2024 106.744 20 20 20 20 20 20 20
Source: Niti Aayog
PER CAPITA INCOME (Rs in thousand)
120
100
80
60 PER CAPITA INCOME (Rs in
thousand)
40
20
0
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
-20 -20 -20 -20 -20 -20 -20 -20 -20 -20 -20 -20 -20 -20 -20
09 10 11 12 13 14 15 16 17 18 19 20 21 22 23
20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
YEAR FUEL PRICES / LITRE (PETROL )
2009-2010 52
2010-2011 63.77
2011-2012 68.57 FUEL
2012-2013 72.26
2013-2014 72.43
2014-2015 60.5
2015-2016 64.38
2016-2017 69.99
2017-2018 78.52
2018-2019 73.83
2019-2020 80.43
2020-2021 95.41
2021-2022 95.14
2022-2023 98.34
2023-2024 100.38
Source: ‘Petroleum Planning and Analysis Cell’ of the
Government of India.
FUEL PRICES / LITRE (PETROL )
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
2023-2024
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
2023-2024
YEAR AUTOMOBILE SALES ( IN MILLIONS ) FUEL PRICES / LITRE (PETROL )
2009-2010 13.69 52
2010-2011 15.51 63.77
2011-2012 17.32 68.57
2012-2013 17.83 72.26
2013-2014 18.41 72.43
2014-2015 19.74 60.5
2015-2016 20.53 64.38
2016-2017 21.82 69.99
2017-2018 25 78.52
2018-2019 26.28 73.83
2019-2020 21.55 80.43
2020-2021 18.62 95.41
2021-2022 17.52 95.14
2022-2023 21.2 98.34
2023-2024 23.85 100.38
correlation automobile sale and fuel prices
AUTOMOBILE SALES ( IN MILLIONS )
AUTOMOBILE SALES ( IN MILLIONS ) 1
FUEL PRICES / LITRE (PETROL ) 0.387288235318352
uel prices
FUEL PRICES / LITRE (PETROL )
1
YEAR AUTOMOBILE SALES ( IN MILLIONS ) PER CAPITA INCOME (Rs in thousand)
2009-2010 13.69 33.901
2010-2011 15.51 36.202
2011-2012 17.32 63.462
2012-2013 17.83 65.538
2013-2014 18.41 68.572
2014-2015 19.74 72.805
2015-2016 20.53 77.659
2016-2017 21.82 86.003
2017-2018 25 87.58
2018-2019 26.28 92.133
2019-2020 21.55 94.42
2020-2021 18.62 86.034
2021-2022 17.52 94.054
2022-2023 21.2 99.404
2023-2024 23.85 106.744
Correlation automobile sales and consumer income
AUTOMOBILE SALES ( IN MILLIONS )
AUTOMOBILE SALES ( IN MILLIONS ) 1
PER CAPITA INCOME (Rs in thousand) 0.778106612243943
onsumer income
PER CAPITA INCOME (Rs in thousand)
1
YEAR AUTOMOBILE SALES ( IN MILLIONS ) PER CAPITA INCOME (Rs in thousand)
2009-2010 13.69 33.901
2010-2011 15.51 36.202
2011-2012 17.32 63.462
2012-2013 17.83 65.538
2013-2014 18.41 68.572
2014-2015 19.74 72.805
2015-2016 20.53 77.659
2016-2017 21.82 86.003
2017-2018 25 87.58
2018-2019 26.28 92.133
2019-2020 21.55 94.42
2020-2021 18.62 86.034
2021-2022 17.52 94.054
2022-2023 21.2 99.404
2023-2024 23.85 106.744
FUEL PRICES / LITRE (PETROL ) SUMMARY OUTPUT
52
63.77 Regression Statistics
68.57 Multiple R 0.860815052
72.26 R Square 0.74100255375
72.43 Adjusted R Square 0.69783631271
60.5 Standard Error 1.91058733504
64.38 Observations 15
69.99
78.52 ANOVA
73.83 df
80.43 Regression 2
95.41 Residual 12
95.14 Total 14
98.34
100.38 Coefficients
Intercept 14.8634374646
PER CAPITA INCOME (Rs in thousand) 0.20319478767
FUEL PRICES / LITRE (PETROL ) -0.14023659615
SS MS F Significance F
125.32544575537 62.6627228777 17.166251587 0.000301837289
43.804127577963 3.65034396483
169.12957333333
Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
2.6980591431936 5.50893686007 0.000134317 8.984871594947 20.7420033342 8.98487159495
0.0388304235942 5.23287589632 0.0002102227 0.118590562659 0.28779901268 0.11859056266
0.055958294261 -2.50609133101 0.0276051362 -0.262159245468 -0.01831394682 -0.26215924547
Upper 95.0%
20.7420033342
0.28779901268
-0.01831394682
