India Coronavirus Dispatch: Owning a used car scores over sharing a cab


 

Amid concerns over lack of hygiene and social distancing in public transport, more Indians have now begun to prefer used cars and bikes. Shared cabs have also lost popularity. Buying new vehicles seems off the table for now because of rising financial insecurity. Sellers for used cars and marketplaces for used goods like Olx and Quikr have seen a hike in the demand for second-hand vehicles. Maruti Suzuki True Value Chain, which deals in used cars, has seen enquiry levels shoot up by 24 per cent in August and September as compared to the year-ago period. Other companies, like Mahindra First Choice, are also seeing a similar trend. Executives say that cheap options that also provide an alternative to public transport are set to be popular amid the pandemic. Read More

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