Understanding Car Ownership Decisions: Evidence from an Emerging Central Business District in Mumbai, India

This study examines factors associated with car ownership in an emerging central business district in Mumbai, India, using a revealed preference survey and mixed logit model. The results indicate that higher individual monthly income, parenthood, and higher perceived travel costs of other modes are associated with a higher probability of car ownership, whereas higher perceived car travel cost is associated with a lower probability of car ownership. The model reveals significant heterogeneity in sensitivity to perceived two-wheeler travel cost. Scenario analysis indicates that lower perceived access time to public transport is associated with a lower predicted probability of car ownership.