New Cars and Bikes in India

Personal Mobility To Have Greater Preference Post Coronavirus Pandemic: SIAM Survey

The survey also entails that sales of automobiles are likely to ascend moving forward with more people opting for personal mobility and it's already started recovering as we saw with the sales figures last month.

Cars Sales are likely to go up post COVID with increasing preference for personal mobility. expand View Photos
Cars Sales are likely to go up post COVID with increasing preference for personal mobility.

Highlights

  • Sales likely will go up with increasing preference for personal mobility.
  • Most car buyers will prefer visiting showroom for buying a vehicle.
  • Over 57 per cent people in cities prefer owning a passenger vehicle.

A carandbike survey from May this year opened the discussion about personal mobility being the way forward for consumers post the COVID-19 pandemic. Now, the Society of Indian Automobile Manufacturers (SIAM) has reaffirmed that very notion with a survey of its own. SIAM along with Grant Thornton India has conducted a joint survey and the findings say that consumers are likely to opt for personal vehicles now rather than travelling by public transport. As much as 73 per cent of travellers showed a willingness to purchase new vehicles as the economy revives and they get a clear idea of their budget and income in the future.

Also Read: Personal Mobility The Way Forward For Consumers: carandbike Survey

04ak5oh

Most of the car buyers will also prefer visiting showroom before making the final decision.

In fact, 29 per cent of the surveyed respondents planned to purchase a new vehicle over a period of 12 months while 8 per cent have imminent plans and are likely to purchase a vehicle in the next six months. However, over 56 per cent participants who at present own a vehicle already, feel that it makes better financial sense to keep their current vehicle, considering the overall economic scenario at present. And again inline with our survey, 68 per cent of total respondents preferred to stick to the traditional concept of visiting showrooms for vehicle purchases, while 25 per cent were open to exploring online channels. Just 7 per cent of total respondents preferred to use digital platforms.

Also Read: Car Buying Experience To Remain Dealer Driven Post Lockdown: carandbike Survey

Newsbeep
4837bv5g

Increase preference for personal mobility will also help auto sales to revive.

Speaking on the survey, Rajesh Menon, Director General, SIAM commented, "The automobile industry was already witnessing a de-growth even before the pandemic befell. COVID 19 has further intensified the situation. The survey revealed two clear trends on the personal mobility front. While most consumers are preferring personal mobility over public and shared transportation, the slowing economy and its adverse impacts will continue to remain a cause of worry for consumers when it comes to making new purchases. On the other hand however, due to safety concerns in the wake of the pandemic, customers who earlier were not considering buying vehicles, have also now become potential buyers. The automobile sector has traditionally been one of the most resilient sectors and findings of this aforementioned survey corroborate our optimism towards a healthy resurgence soon."

Also Read: Auto Sales August 2020: Car Sales Back On The Growth Trajectory As Lockdown Eases Off

ttldpls8

Over 57 per cent car buyers in metro and non-metro cities prefer passenger vehicles post COVID period.

0 Comments

This survey also entails that sales of automobiles are likely to ascend moving forward with more people going in for personal mobility and it's already started recovering as we saw with the sales figures last month. Over 57 per cent of respondents in metro and non-metro cities expressed that they are more likely to buy a vehicle for their daily commute. Interestingly, 20 per cent respondents also showed preference towards two-wheelers and electric vehicles (EVs).

For the latest auto news and reviews, follow carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.

You might be interested in

New Car Models

BMW 2 Series Gran Coupe

Sedan, 19 Kmpl
BMW 2 Series Gran Coupe
Price Starts
₹ 39.3 - 41.4 Lakh
EMI Starts
₹ 81,580 9% / 5 yrs

Land Rover Defender

SUV, 14 Kmpl
Land Rover Defender
Price Starts
₹ 73.98 - 90.46 Lakh
EMI Starts
₹ 1,53,570 9% / 5 yrs

Mercedes-Benz EQC

SUV, 471 Km/Full Charge
Mercedes-Benz EQC
Price Starts
₹ 1 Crore
EMI Starts
₹ 2,06,130 9% / 5 yrs

MG Gloster

SUV, 12.35 Kmpl
MG Gloster
Price Starts
₹ 28.98 - 35.38 Lakh
EMI Starts
₹ 60,158 9% / 5 yrs

New Mahindra Thar 2020

SUV, 13 - 15.2 Kmpl
New Mahindra Thar 2020
Price Starts
₹ 9.8 - 13.75 Lakh
EMI Starts
₹ 20,343 9% / 5 yrs

Toyota Urban Cruiser

SUV, 17.03 - 18.76 Kmpl
Toyota Urban Cruiser
Price Starts
₹ 8.4 - 11.3 Lakh
EMI Starts
₹ 17,437 9% / 5 yrs

Kia Sonet

SUV, 18.2 - 24.1 Kmpl
Kia Sonet
Price Starts
₹ 6.71 - 11.99 Lakh
EMI Starts
₹ 13,929 9% / 5 yrs

Audi RS Q8

SUV, 8.2 Kmpl
Audi RS Q8
Price Starts
₹ 2.07 Crore
EMI Starts
₹ 4,29,698 9% / 5 yrs
Be the first one to comment
Thanks for the comments.