Auto demand grows this festive season: Report


New Delhi, Nov 10 (IANS): More people are considering buying personal vehicles in the ongoing festive season, according to a recent survey.

A consumer mobility study by PAYBACK and its digital research partner, Unomer revealed that nearly 30 per cent respondents from south and north India are considering buying a new or a second-hand vehicle this festive season.

Across the regions, western India shows the lowest preference with two-third respondents having no plans to purchase a vehicle this year.

As per the report, a positive bias for purchase is coming primarily from two key factors. The first factor is personal mobility for work or personal use owing to safety or an additional vehicle for a family member and the second is the offers and discounts provided by car makers leading to lower cost of ownership.

Amongst vehicle categories, SUVs and Compact SUVs are the most popular choice in the four-wheeler segment with one-third consumers opting for the same, followed by sedans (21 per cent) and hatchbacks (18 per cent) across age groups and incomes.

In the two-wheeler segment, motorcycles were the top choice at 25 per cent preference, ahead of scooters.

Further, post-Covid there is a growing preference for sustainable choices and the same is reflected in the strengthened voice for green fuel, as the survey states more than 10 per cent show preference for electric-powered vehicles instead of CNG (4 per cent), as the future alternate to petrol.

  

Top Stories


Leave a Comment

Title: Auto demand grows this festive season: Report



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.