Planning a Car Purchase? Why Now Could Be a Good Time | Vantage with Palki Sharma

Planning a Car Purchase? Why Now Could Be a Good Time | Vantage with Palki Sharma

The global car market is facing tough times. Leading players like Volkswagen expect lower sales in 2024. The German carmaker is considering closing one of its plants in Brussels, as it faces increased competition from EV makers.
In India, carmakers are also trying to attract customers back. Reports indicate that around 600,000 to 650,000 cars remain unsold with Indian dealers. To boost sales, leading car manufacturers are now offering discounts and incentives. Some Indian state governments, like Uttar Pradesh, have announced a waiver on hybrid cars.
But will these measures be enough to boost car sales? Palki Sharma tells you more.

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Automobile | Car | Market | Sales | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#automobile #cars #sales #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[TheGradeFootballer]

A country is not rich when even poor have cars.
It is rich when rich use public transport.

[traderpsingh]

In Car taxes India comes in list high tax countries, getting 25 lacs car saving 50k is not buyers market, it is "Make fool of Customer" Market..

[avishekdas]

The fact that there is no shouting and background music makes this my fav channel ❤

[bumblebee]

Last 6 years car price increased around 20% plus now the interest is almost 10%. Buying a car is nightmare 😅

[aBrokenShard]

Car prices seem to only be rising to me, esp since COVID prices have gone 20-30%. Where are all these discounts ?

[mg]

With crazy gst in india ....no thanks....I'll travel in the metro.

[SHASHANKbeta]

Sorry Palki, have no discretionary money left after paying tax in India as a middle class to buy a CAR

[v.onthemove]

Owning a car is a nightmare...especially in cities with the over population, crazy traffic, cost of buying a car, interest, maintenance costs, fuel costs, no parking available in cities. 😓

[lucpaquin]

Ford Ranger, 10 years ago was $25, 000, now it’s $65, 000 worth of crap.

[luigibenni]

They first increased the prices to bridge the gap between thermal and electric cars, now that the markets say a big round NO, the put the reverse gear.

[dayanandhn]

who the hell spends 8 - 10 lakhs for a basic and on-road it drags to 11 - 13 lakhs. id rather travel by bike. hell with the gst and tax, insurance. im planning to get out of this crappy country for a better living. im at 30% slab tax but we dont even have roads.

[vickyvirat]

Not getting any increment from employers + fear of layoff+ GST+ road tax+3 years comprehensive insurance + delaers mandatory accessories cost....😢

[manavsharma]

Why to buy a car before my existing car completes 15 years, as I can't afford a car again and again. Most people in India can still afford a car only once in a lifetime. This is the main reason of stock piling up

[Anoopworks]

Resale value for Hybrids is very low and cost of repairs is high once the warranty period is over. Unless the govt. gives considerable incentive upfront to purchase them, why would anyone purchase them over diesel or cng cars? Pure Hybrids could be a game changer for the taxi segment as they ply mostly in crowded cities and savings on fuel will be considerable while reducing emissions at the same time while not having range anxiety of electrics.

[Yeezmon]

Middle class has already hit the wall...
Car prices, real estate are gonna stay the same/ drop.. cause most people cant afford the prices now anyways..

Inflatory bubble is collapsing..

[MoneyCandan]

Palki Sharma why not talking about Jio price increasing?

Is it because Reliance/ Ambani has ownership in Firstpost?

[suraj]

close to 50% value of the car is tax plus fuel tax and then no roads to drive this and if there is any then toll booths, what a nonsense

[vipkoli]

In Mumbai it takes atleast ₹10 lakh to buy a parking space in your building or society.

[neilterrence]

Prices in India will never be reduced!

[anandsahajanandan]

In 2003 a premium hatch back diesel was costing 5-6lacs .

Now if you want to buy a Tiago EV it is around 14lac.

So with this hike the buying potential is limited