{"id":375396,"date":"2026-11-11T16:43:40","date_gmt":"2026-11-11T11:13:40","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=375396"},"modified":"2026-11-11T16:43:40","modified_gmt":"2026-11-11T11:13:40","slug":"ease-of-vehicle-ownership-index-evoi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/ease-of-vehicle-ownership-index-evoi\/","title":{"rendered":"Ease of Vehicle Ownership Index (EVOI)"},"content":{"rendered":"<div class=\"content-box-green\">\n<p><strong>News: <\/strong>Andhra Pradesh leads India&#8217;s first Ease of Vehicle Ownership Index (EVOI) with a score of 5.91 out of 10.<\/p>\n<\/div>\n<h2 class=\"red-h2-box\">About Ease of Vehicle Ownership Index (EVOI)<\/h2>\n<figure id=\"attachment_375432\" aria-describedby=\"caption-attachment-375432\" style=\"width: 415px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-375432\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/11\/Source-Car24.jpg?resize=415%2C260&#038;ssl=1\" alt=\"Ease of Vehicle Ownership Index (EVOI)\" width=\"415\" height=\"260\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/11\/Source-Car24.jpg?resize=300%2C188&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/11\/Source-Car24.jpg?resize=768%2C480&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/11\/Source-Car24.jpg?w=1003&amp;ssl=1 1003w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><figcaption id=\"caption-attachment-375432\" class=\"wp-caption-text\">Source &#8211; Car24<\/figcaption><\/figure>\n<ul>\n<li>The <strong>&#8216;Ease of Vehicle Ownership Index (EVOI)&#8217; <\/strong>ranks\u00a0states and Union Territories on <strong>how easily a citizen or dealer can buy, sell and transfer a pre-owned vehicle.<\/strong><\/li>\n<li><strong>Released by:<\/strong> It has been released by <strong>IndiaTech.org <\/strong>in partnership with<strong> Consumer VOICE.<\/strong><\/li>\n<li><strong>Metrics:<\/strong> The report is based on the performances of states on<strong> six metrics:<\/strong>\n<ul>\n<li>Clarity and consistency of ownership transfer rules<\/li>\n<li>Functional availability and reliability of online systems<\/li>\n<li>Speed, predictability and procedural burden<\/li>\n<li>Fee clarity, application tracking and grievance mechanism<\/li>\n<li>Consumer protection, dealer support and trade infrastructure<\/li>\n<li>Official fees versus actual all-in market cost of transfer<\/li>\n<\/ul>\n<\/li>\n<li><strong>States covered:<\/strong> The index covered<strong> 15 states <\/strong>including <strong>Andhra Pradesh, Kerala, Tamil Nadu, Delhi, Karnataka, Gujarat, Madhya Pradesh, Maharashtra, Telangana, Punjab, Rajasthan, Haryana, West Bengal, Bihar and Uttar Pradesh. <\/strong>\n<ul>\n<li>These states account for <strong>more than 85% of India\u2019s organised used-car market.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Findings of the Index<\/strong>:\n<ul>\n<li><strong>Performance of the states: Andhra Pradesh<\/strong> is the<strong> leading state in terms of a smooth process<\/strong> involving used vehicle transactions.\n<ul>\n<li><strong>Andhra Pradesh a score of 5.91 out of 10<\/strong>, followed by<strong> Kerala at 5.74 and Tamil Nadu at 4.58. <\/strong><\/li>\n<li><strong>Delhi is at fourth place<\/strong>\u00a0with 4.58 score out of 10.<\/li>\n<li><strong>Karnataka<\/strong> ranks<strong> fifth<\/strong>, followed by<strong> Gujarat, Madhya Pradesh, Maharashtra, Telangana, Punjab, Rajasthan and Haryana.<\/strong><\/li>\n<li><strong>Uttar Pradesh came last at 2.47,<\/strong> just behind <strong>Bihar (2.51) and West Bengal (2.56).<\/strong><\/li>\n<li><strong>None of the states crossed a score of six,<\/strong> showing that even the top performers do not have the entire ecosystem in place to help people buy and sell pre-owned vehicles.<\/li>\n<li><strong>Only two states achieved an overall score above 5.5,<\/strong> while <strong>eight states scored between 3.8-4.3<\/strong>, showing that most of them face similar structural challenges.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><strong>Challenges highlighted by the report:<\/strong>\n<ul>\n<li><strong>28.1% of sellers received traffic challans or legal notices<\/strong> even after handing over their vehicles, indicating gaps in the transfer of ownership and associated liabilities.\n<ul>\n<li><strong>3. 39% of buyers and sellers reported that the Registration Certificate (RC) transfer<\/strong> was still pending after the vehicle sale.\n<ul>\n<li>The<strong> vehicle ownership transfer process remains cumbersome<\/strong> due to multiple manual procedures, including notarisation, vehicle inspection and departmental approvals, resulting in delays and additional costs.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>According to the report, <strong>the cost is the weakest pillar in the pre-owned vehicle market.<\/strong> This is an<strong> area in which 12 out of 15 states scored below 3.5.<\/strong>\n<ul>\n<li>In 13 of the 15 states, <strong>applicants file online and are still asked to deliver physical copies to the RTO.<\/strong><\/li>\n<li>According to the report, <strong>India\u2019s pre-owned vehicle market was valued at $36.4 billion in 2024-25 and is expected to grow to $73.5 billion in 2030. <\/strong>If this happens,<strong> the sale ratio of used and new vehicles will also increase from 1.3:1 to 1.7:1 by 2030. <\/strong><\/li>\n<li>The industry data also <strong>indicates that 60-65% of buyers in the pre-owned vehicle market<\/strong> <strong>are first-time car owners.<\/strong><\/li>\n<li>This suggests that<strong> affordability and lower upfront costs are enabling a new cohort of consumers<\/strong> to enter the vehicle ownership market.<\/li>\n<\/ul>\n<\/li>\n<li>The <strong>average selling price of a used car in India has moved from Rs 4.49 lakh in 2021 to Rs 5.47 lakh in 2025<\/strong>, while the<strong> average price of a new passenger vehicle has risen to approximately Rs 11.5 lakh in 2024.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: Andhra Pradesh leads India&#8217;s first Ease of Vehicle Ownership Index (EVOI) with a score of 5.91 out of 10. About Ease of Vehicle Ownership Index (EVOI) The &#8216;Ease of Vehicle Ownership Index (EVOI)&#8217; ranks\u00a0states and Union Territories on how easily a citizen or dealer can buy, sell and transfer a pre-owned vehicle. Released by:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/ease-of-vehicle-ownership-index-evoi\/\">Continue reading <span class=\"screen-reader-text\">Ease of Vehicle Ownership Index (EVOI)<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,1305,12039],"tags":[11872,10500],"class_list":["post-375396","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-index-reports-bodies","category-knolls","tag-9pm-daily-factly","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/375396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=375396"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/375396\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=375396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=375396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=375396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}