The Business Times
SUBSCRIBERS

The motorbike can be the average family's ticket out of poverty

Published Thu, Mar 23, 2017 · 09:50 PM

IN 1952, a 23-year-old Argentinian medical student named Che Guevara explored his country on a motorcycle. He travelled some 4,500km through the vast countryside. Guevara was appalled by the poverty and disease. The motorcycle trip convinced him that a Marxist revolution was the only path for a poor country's salvation. Guevara went on to spearhead the Cuban revolution in 1959 and is an iconic figure in the Marxist movement.

Today, the motorcycle is emerging as a symbol of capitalist prosperity. Motorcycles are a cheaper alternative to cars. In China, India, Nigeria and Indonesia, cars are beyond the means of the average family. A second-hand car in China costs three months of average wages, but a motorcycle can be purchased with a week's wages. In some countries, such as Vietnam, you can buy 10 motorbikes for the price of a car.

The maintenance costs are a quarter of the level of a car. Four-wheelers are a major consumer of petrol. Also, they need to be parked in a space that is at least six times the area required for a motorcycle. Convenience is another imperative driving motorbikes. Emerging markets are home to congested cities. Traffic jams are endemic in Dhaka, Bangladesh's bustling capital of 18 million people.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Columns

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here