In 2019-20, total new CV sales was 7.18 lakh vehicles, PV sales were 27.74 lakh, two-wheelers around 174.18 lakh and tractor sales were 7.09 lakh.
Nearly 89 per cent of the respondents are likely to use a personal car (63%) and two wheeler (26%) as mode of transportation post covid-19, while 88% respondents want to purchase a vehicle post lockdown
and 69% respondents want to purchase a vehicle within 0-3 months post lockdown.
Around 96% respondents want to purchase a pre-owned vehicle post lockdown, while only four per cent wanted to go for new vehicles and 47% respondents want to purchase a car post lockdown, according to the findings of the survey.
On the impact of Covid-19 on Purchase Decision, it was stated that 77% respondents have reduced their budget to purchase a vehicle post lockdown
and 73% respondents have admitted that they want to purchase a used vehicle due to Covid-19.
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