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Interest in low cost, pre-owned cars spike due to fear of using public transport

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₹1-5 lakh segment. In the ₹5-10 lakh segment which accounts for 43% of new car traffic, recovery rate was 78%. In new cars, hatchback segment recovered fastest after lockdown.“Due to the rising fears around the pandemic outbreak, there has been a shift in consumer preferences.

We anticipate that people will opt for personal mobility solutions rather than using public transport and shared mobility," said Amit Jain, co founder and CEO CarDekho.On the same note, an EY India survey involving over 1,000 individuals, reported that 74% participants wanted to get their own vehicle and that will be their priority purchase post lockdown.

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