Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Transformational Growth in Pre-owned Vehicle Sales Until 2025
* Required Fields
Pay by invoice
The COVID-19 outbreak has had a significant impact on all industries per se. Businesses disrupted by the pandemic are looking at revival and grappling with the new normal. The automotive industry is no exception. Mobility and mobility-related solutions lie hampered not just in India but across the word, with the last few months witnessing plunging sales, halting of new purchases, and closing up of many car dealerships. One of the top results of the pandemic-induced shift in perception and consumer behavior is the aversion to using public transport or other shared mobility services. With the economy getting back on its feet, it is essential to know what the new normal will be, in terms of understanding vehicle purchase behavior and the shift in mobility preferences. Frost & Sullivan’s ‘New Business Models and Perceptions Drive the Dynamics in the Indian Automotive Ecosystem’ aims to understand these changes. More than 350 two-wheeler and four-wheeler owners and prospective buyers from various age groups and from both metro and non-metro cities were interviewed, and their responses analyzed. The study presents insights into pre- and post-COVID-19 vehicle purchase preference and the rationale behind the change in preference—customer expectations, future intent, and the considerations that go into the purchase decision—demographic and behavioral characteristics of consumers, to determine willingness to change purchase behavior, the influence of online/digital retail and the emergence of new mobility business models, such as subscription services/leasing and so on.Some key findings of our survey show that there is a significant shift from public/shared transport to personal transportation. The biggest shift can be witnessed within the younger age group—18 to 25 and 26 to 35—respondents that are looking for post-COVID-19 transport options. Respondents across age groups come down hard on shared mobility, with 56% of respondents apprehensive about hygiene and the lack of social distancing. As for the purchase of a new vehicle, 84% of respondents prefer buying a new vehicle, be it a 2W or a 4W, with 40% of them planning to purchase a new vehicle by the end of the year.Author: Vijay Narayanan Natarajan
Global Last-mile Food and Grocery Delivery Growth Opportunities
Global Benchmarking of Select Cities and their Data and Digital Strategies, 2021
Impact of Covid on Transportation Network, Growth Opportunities
Strategic Analysis of the Global Micro Mobility Sharing Market, Forecast to 2025
Innovative Business Models and Disruptive Technologies Powering the Global Shared and Autonomous Mobility Industry, Outlook 2021
City Strategies and Innovative Mobility Solutions Driving the Future of Melbourne as a Smart City
New Business Models are Disrupting the Latin American Carsharing Market
Voice of Customer—Understanding Vehicle Purchase Preferences in India During and After COVID-19
Impact of Work-from-home on Mobility Patterns, Scenario Analysis, 2030
Intelligent Mobility, Japan, 2020 - Theme IV
solar energy market
thermal spray coatings market
energy storage market
functional food market
activated carbon market
nanophotonic equipment market
agricultural drones market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.