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Safety focus in mobility choice in post-Covid times

Survey reveals customers who were not willing to buy own vehicles have become potential buyers due to recent times
Respondents also showed a preference towards two wheelers and electric vehicles, accounting for around 20 per cent each.

Our Special Correspondent   |   Calcutta   |   Published 17.09.20, 03:27 AM

Indian consumers would prefer to travel in their own vehicles instead of public transport in a post-Covid world. About 73 per cent of the respondents of a survey conducted by the Society of Indian Automobile Manufacturers (Siam) and Grant Thornton India titled “Personal mobility experience post Covid-19” said they would buy a new vehicle once the economy slowly revives.

While 29 per cent of the respondents planned to purchase a new vehicle over a period of 12 months, 8 per cent were eager to buy one in the next six months. More than 56 per cent of participants feel it makes better financial sense to keep their current vehicle considering the overall economic scenario at present.

Rajesh Menon, director-general of SIAM, said, “The survey revealed two clear trends. 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. However, because of safety concerns in the wake of the pandemic, customers who were earlier not considering buying vehicles, have also become potential buyers now.”

Respondents also showed a preference towards two wheelers and electric vehicles, accounting for around 20 per cent each.

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