Tuesday, January 26, 2021
Home India Increase in Automobile Demand During Festive Season

Increase in Automobile Demand During Festive Season

30 percent of respondents are considering buying a new or a second-hand vehicle

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 percent of respondents from south and north India are considering buying a new or a second-hand vehicle this festive season.

Follow NewsGram on Instagram to keep yourself updated.

Across the regions, western India shows the lowest preference with two-thirds of 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 carmakers leading to lower cost of ownership.

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

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

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

ALSO READ: NASA Administrator Won’t Continue Under Joe Biden

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 percent show a preference for electric-powered vehicles instead of CNG (4 percent), as the future alternate to petrol. (IANS)



Most Popular

Green Tax To Be Levied On Polluting Vehicles: Transport Ministry

The Union Minister for Road Transport and Highways Nitin Gadkari on Monday said his department has approved a proposal to levy "Green Tax" on...

38% Indian Women Techies Prefer WHF

Almost 38 per cent Indian women working in a tech or IT industry prefer working at home to working in the office, says a...

Telangana Boy Develops Smart Wristband Aiding Alzheimer’s

A 13-year-old boy from Telangana, who developed a smart wristband to monitor Alzheimer's patients, is one of the recipients of Pradhan Mantri Rashtriya Bal...

Diwali 2022 Opens Doors To An Extended Temple In Dubai

A new Hindu temple in Dubai, the foundation stone of which was laid last August amidst the pandemic, will open its doors to worshippers...

Changing Mood In Ayodhya Chronicled In New Book

Fear, apprehension and suspicion has finally been replaced with a sense of ease and excitement and Ayodhya, after the Supreme Court verdict - is...

Scientists Ask For Strict Measures To Restrict New Covid-19 Strain

With new Covid-19 strains reported from several parts of the world giving fresh threats to the fight against the pandemic, a group of scientists...

Pandemic: An Eye-Opener For Health Sector

The Covid-19 pandemic should serve as an eye-opener for the government to increase allocation for the health sector in the Union Budget 2020-21, feel...

Tri-colour, The Colour Code For Republic Day

Republic day is around the corner and so is the end of winter fashion. So why not end it in style? Here are some...

Recent Comments