CNBC-TV18 – Piplsay survey: How COVID-19 disrupted vehicle buying plans and the bumpy road ahead
Updated : 2020-07-24 18:40:06
A survey conducted jointly by CNBC-TV18 and market research firm Piplsay has found out that a majority (64 percent) of vehicle buyers’ plans were disrupted because of the pandemic and even more (74 percent) are trying to source discounts and easy EMIs as they are going ahead with their plans now finally. The survey further finds that 43 percent are still keen on buying a car while only 38 percent are vying for a new bike. Interestingly, 65 percent of those who canceled their vehicle purchase plans are fully employed, which indicates that the cancellations were also an indicator of the "safety first" mentality due to the pandemic.