Car sales to remain in slow lane this year

Last few months have seen carmakers post declining sales numbers and rising dealership inventory. What does this mean for the buyers and the carmakers? Watch this episode of ThePrint’s Dashboard to know more.
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[sanjaymittal]

These are such vague answers where there are so specific answers -
1. Economic slowdown, salaries stagnant or decreasing
2. Unemployment
3. Increase household inflation so decrease in luxury consumption
4. Public transport comparatively better
5. Increase car prices due to taxes, raw material, shift to premium cars from supply side
6. K shaped economy
7. High fuel prices and other regulations being imposed on petrol diesel like high security plate, insurance, high maintainence, toll taxes,
8. Less parking
9. Less outgoing becoz ecommerce, quick commerce easy availability at a click, less socialising because of phones and stuff, work from home

[shivam-aggarwal]

Indians are not rich like europeans. Regulations have raised car prices through the roof and Govt has passed this cost to consumers rather than absorbing it by decreasing gst and cess leading to this situation where entry level cars' top models cost 8-10 lakhs. 97% indians don't even earn this in a year. 15 years policy made it worse.

[sauravksingh]

Imporve the public transport and decrease cars on roads to imporve QOL.

[Aristotleinstcentury]

Prob is with gov. Tax tax tax tax tax .. and when there is nothing to tax. Gov will tax on nothing

[middlecla]

Fuel prices+ insurance+ maintenance+ toll tax and cherry on the top of car purchase is loan interest

[imraandar]

Car makers looting the people.
A common man's perspective is Cars are now expensive & paying alot of taxes, Income of the people are stagnant when people earning good amount money then they can afford it, look into second hand car market.

[ebendesign]

The greed of the car makers and the Govt adding taxes...

[anshul]

Interviewer: Why car sales is slowing down
Expert: let us discuss discounts
Interviewer: Discounts are ok lets come back to reason for slow down
Expert: No discount discuss discounts

[x_man]

Reality is Lower class is not buying cars & wealthy only buying SUV😂

[joshuacherian]

Streets are overflowing with cars .. streets which cannot accommodate even bikes... 🤪🤣

[himanshugautam]

Market moves in cycles n seems its entering downward phase

[LikeDeep-qw]

Car sales are sluggish even in the USA. The reason being companies are now focusing on including premium features in their cars thereby increasing the cost. They logic being that they would rather sell few but high value and high profit margin cars, then sell a lot of low-end cheaper models.

[MohitKumar-nckt]

RBI needs to cut the interest rate massively and quickly

[MJ-revered]

Indian GDP is also in decline, don't believe the official numbers at all.

[sarabjits]

Why is not very clear and for how long ?

[jaiindian]

Paying for parking space is a deterrent nobody wants to talk about. Even in a cheap locality car parking cost not less than 5000 a month. Then, Comparison between the cost of owning a car and plying thru Uber and Rapido for 15 years helps you make an easy decision.

[IHE]

Eeco costs 8 lakhs plus onroad here in Bangalore.

[johnlyndem]

Car is a liability not Asset, today you buy 10lac, after 5 yrs sold for 3-4 lac

[vivekagarwal]

It's time for car makers to switch from quantity to quality. There is going to be decline for next 5 years at least.

[trending_explorer]

Things are becoming more expensive to live for middle class families ..food comes first not car .. BJP came to power saying petrol could get below 50rs .. 😂😂