Pandemic changed vehicle buying habit, says survey

Chennai: With the objective of understanding vehicle purchase behaviour and changing perceptions in the wake of Covid-19 in India, a survey was released through a virtual panel discussion led by stalwarts of the industry.

The survey found an upswing in interest in Electric Vehicles (EV) with a willingness to explore new models in ownership and a sharp uptick in interest in online purchases.

The survey results said 35 per cent of the respondents indicated a willingness to opt for an EV as their next vehicle.

As per the study conducted by CarWale and supported by CEAT Tyres, IndusInd Bank and Frost & Sullivan, 50 per cent cited lack of charging infrastructure and range anxiety as reasons for not buying EVs.

The study garnered a total of 202,334 responses over the survey period. It said 77 per cent of the respondents have postponed their decision to purchase a vehicle, while over 54 per cent are thinking of buying a vehicle in 2021.

 

NT Bureau