Despite the expensive petrol and diesel, there has been no decrease in the booking and retail sales of cars. The sales of vehicles are showing strong in view of the economy’s slight strength, positive business environment and the possibility of government’s control over rising prices of petrol and diesel.
Demand for passenger vehicles has not decreased much but sales of two-wheelers have definitely decreased. In fact, the buyers of two-wheelers are more concerned about the rising prices of petrol, so the sales of these vehicles have come down.
Vehicle sales may decrease in the short term but not in the long term
At the moment, even though there is no decrease in demand for vehicles, in some states the lockdown fears increase after the new wave of Corona. Rising vehicle prices and rising fuel prices may prevent consumers from buying vehicles.
Right now bookings are being done and vehicles are also being sold, but analysts say that this is happening due to pending demand. Right now due to pending demand, there will be a rise in the sale of vehicles, but there is a possibility of a further decrease in demand.
Petrol and diesel prices the biggest hindrance
Actually, the biggest concern is about the rising prices of petrol and diesel. Due to this, the cost of driving per liter of consumers is increasing. Therefore, if there is no reduction in the prices of petrol, then the sale of vehicles is sure to decrease. Petrol-diesel prices have increased 24 times in 2021.
Petrol has increased by Rs 6.87 and diesel by Rs 7.10 per liter in 2021. Now international prices will increase further, so the prices of petrol-diesel will increase further. However, representatives of some automobile companies say that the sale of vehicles will not be reduced in the short term as the long waiting period is going on.
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