Sunday, April 18, 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 automobile 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 the south and north India are considering buying a automobile 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

COVID Vaccine Might Be Less Effective For People With Blood Cancer: Study

The two-dose mRNA Covid-19 vaccine may be aless effective' in people undergoing treatment for certain types of blood cancers, researchers have claimed in two new...

Oral Antiviral Drug Shows Potential Prevention Against COVID-19

An experimental oral antiviral drug has shown potential in prevention and treatment of SARS-CoV-2, the virus causing Covid-19 infections, say researchers. The antiviral -- MK-4482...

The Power Of The Placebo Effect

BY- JAYA CHOUDHARY The mind can hold tremendous power over bodies. People walking on coal without showing any signs of discomfort. Ordinary people performing superhuman...


By Devakinanda Pasupuleti Ashtottaram 47) OṀ MĀTRUBHŨMYAI NAMAH: OṀ (AUM) -MAA-ṪRU-BHOO-MYAI—NA-MA-H ॐ मातृभूम्यै नमः                                            (Mātru: Mother, one who is honored or worshipped) Please Follow NewsGram on Facebook To Get Latest...

‘As A Hindu I Feel The Kumbh Mela Shouldn’t Have Taken Place’, Says Singer Sonu Nigam

Noted singer Sonu Nigam on Sunday reacted to the Kumbh Mela being made symbolic for this year due to the ongoing Covid-19 pandemic. The...

Scott Rudin To ‘Step Back’ After Bullying Allegations

Amid mounting anger over allegations of bullying, Broadway and Hollywood producer Scott Rudin broke his silence Saturday, saying he was "profoundly sorry" and would...

How Is India’s Second Wave Of Covid-19 Different From First?

The second wave of the coronavirus pandemic in India is different from the first one in September 2020 as the rate of increase in...

Here’s Why Diet, Soda Drinks Are Harming Your Fertility

Are you fond of fizzy drinks or diet cola breaks? Do you prefer sugar in your brew for a sweetener? If so, your 'diet'...

Recent Comments