A strong intent to purchase a vehicle is there among consumers in the next 12 months. This is as per the survey of Mobility Outlook, a brand of CarTrade Tech.
Buying spree expected
83% of respondents confirmed the intent to purchase a vehicle in the next 12 months. Another 13% indicated they may buy and just 4% said no to buying a vehicle. The survey sought responses from nearly 2.7 lakh customers across India. 49% remained the same as before the pandemic in case of budget allocation. But 14% said they have increased the budget by up to 20%..
