Imagine the nightmare on Indian roads. What India needs is strong modern public transportation or a Star wars like air transportation between different floors of different buildings across the city.
No Stereo - I mean in the whole of India, my dad would be the only person who will find this option acceptable. What is an Indian family supposed to do inside this car, bicker? - but don't they do that at home anyways?
Otherwise, yes, it does sound like a boon to several middle class people.