India has seen a significant increase in disposable income
With a rapidly growing middle class, India has seen a significant increase in disposable income. This has boosted the demand for personal vehicles, making cars an essential item for many households.
Favorable government policies and economic reforms
The Government of India has implemented several favorable policies to promote the automotive industry, such as reducing import duties, implementing tax incentives, and promoting the adoption of electric vehicles. Additionally, the introduction of the Goods and Services Tax (GST) has simplified the taxation system, further boosting growth
Indian Cars Vs Foreign Cars
The Indian car market is highly competitive, with a wide mix of domestic and international players. Renowned global automakers have set up manufacturing facilities in India, taking advantage of the country’s skilled workforce and cost-effective production capabilities.
Huge Range
Vehicle manufacturers have recognized the need to meet the preferences of India’s customers. They have introduced various models ranging from compact hatchbacks to premium sedans and SUVs, ensuring a wide range of choices for the Indian consumers.
Electric Vehicles (EV) and Hybrid Cars
As the world moves towards sustainable mobility, India is witnessing a gradual shift towards electric vehicles and hybrid cars. The government’s focus on promoting EV adoption through incentives and infrastructure development has resulted in an increase in the market share of such vehicles.
Increase in sales of electric and hybrid cars
As the world moves towards sustainable mobility, India is witnessing a gradual shift towards electric vehicles and hybrid cars. The government’s focus on promoting EV adoption through incentives and infrastructure development has resulted in an increase in the market share of such vehicles.
Growth in demand from Tier 2 and Tier 3 cities
While car sales have traditionally been dominated by metropolitan cities, there has been an increase in demand from Tier 2 and Tier 3 cities in recent years. Rising disposable income, better connectivity and changing lifestyles have contributed to this growth, prompting automakers to increase their presence in smaller cities
Vehicle details online
The advent of e-commerce platforms has revolutionized the way consumers research, compare and buy cars in India. Online platforms provide convenience, transparency and competitive prices, disrupting the traditional dealership model. In addition, digital channels play a vital role in enhancing after-sales services, customer experience and loyalty.