[TusharK]

Automotive sales crossed the 1 million unit mark this festive season. The used car segment also witnessed a surge in sales during this period. According to data shared by Cars24, there was an 88% increase in the sales of used cars pan India compared to last year.



The data shows that 87% of Indians opted for petrol vehicles. This could be due to the lower initial costs and maintenance expenses as well as the fact that petrol vehicles can remain on the road for 15 years.

Hatchbacks accounted for 65% of the total sales. Models like the Swift, Baleno, Grand i10, Alto and Kwid were popular among first-time car buyers, with Maruti Suzuki being the preferred brand. SUVs were the second most preferred body style among used car buyers. Models like the Vitara Brezza, Ford EcoSport, Ertiga, Creta and Nexon saw high demand. The most expensive car bought this season was the Ford Endeavour. Silver was the most popular colour among car buyers.

Bangalore recorded the highest car sales this festive season. In Kochi, car sales doubled compared to last year during Onam. In Mumbai and Pune, Ganesh Chaturthi saw a twofold increase in car purchases, with the WagonR and Honda City leading the way. Ahmedabad and Delhi recorded a 67% increase in car sales during Navratri, especially for the Grand i10 and Baleno.

Cars worth Rs 1,760 crore were sold on Cars24 during the festive season, with Delhi topping the list among the metros. Lucknow saw a maximum number of people selling their cars from metropolitan markets followed by Pune, and Ahmedabad. A Maruti 800 and Zen were the cheapest cars sold on the platform, and on the other end of the spectrum was a Mercedes-Benz E Class.

During the festive season, loans amounting to Rs 4.7 crore were disbursed on average daily, with maximum applications from young salaried professionals under 35 years of age. Cars24 claims to have processed more than 500 loan applications daily, with a used car loan getting disbursed every 10 minutes. The most financed car brands were Maruti and Hyundai, and maximum loans were disbursed for Hyundai Grand i10.

Link to Team-BHP News

[Axe77]

Originally Posted by TusharK

The data shows that 87% of Indians opted for petrol vehicles. This could be due to the lower initial costs and maintenance expenses as well as the fact that petrol vehicles can remain on the road for 15 years.

This bit is imminently relatable. Even I’m going to flip my garage from diesel sooner rather than later. I think petrol is now being preferred not just in the entry and entry+ segments (where anyway diesels due to their high cost are few and far between) but also in the value luxury / luxury segment where customers are consciously opting for petrol over diesel.

[navpreet318]

A correct evaluation would be if a proper ratio of sale of vehicles of different price bands are calculated.
As in what was the percentage of vehicles sold under 10L, 10 to 20L, 20 to 50L, 50L+

And then also compare the percentage of cars available in deisel in the same price bands.

Let me then also throw a question. If today the Swift deisel was available with the same 1.3L multijet engine, how many would have preferred that over the petrol variant?

[Shreyans_Jain]

Originally Posted by TusharK

The data shows that 87% of Indians opted for petrol vehicles. This could be due to the lower initial costs and maintenance expenses as well as the fact that petrol vehicles can remain on the road for 15 years.

Originally Posted by Axe77

This bit is imminently relatable. Even I’m going to flip my garage from diesel sooner rather than later. I think petrol is now being preferred not just in the entry and entry+ segments (where anyway diesels due to their high cost are few and far between) but also in the value luxury / luxury segment where customers are consciously opting for petrol over diesel.

+1

I had an all diesel garage, and have replaced one of my cars with an EV this festive season. Will be replacing another one with a hybrid or perhaps a second EV in the next financial year, hopefully. Don’t see myself buying diesel again.

[Emvi]

Originally Posted by TusharK

The data shows that 87% of Indians opted for petrol vehicles.

There is no rocket science behind this. When you have no diesel powered cars retailing in the sub-10 lakh INR segment and limited diesel options in the sub-15 lakh INR segment, isn't this expected?

The most expensive car bought this season was the Ford Endeavour.

Seriously!?

[Livnletcarsliv]

While heading and the message might be true, there is nothing to take away from this.

Here is why according to this statistics https://www.team-bhp.com/forum/india...s-anaysis.html (October 2023 : Indian Car Sales Figures & Anaysis)

1. Petrol only brands Maruti + Honda + Skoda + VW + Nissan + Renault = almost 50% of sales.
2. MG + Hyundai = Petrols + EV share share is more compared to Diesel because entry models doesn't come with diesel option at all = 15.41% (Even if we consider 60-40, where 40% for diesel, it means around 7% for petrol.
3. Tata = >50% is petrol due to Punch, Altroz and Nexon Petrol. So it is 6.2% approx.
4. Toyota = Out of 5.3%, almost 39% is Hycross. Which is 2% approx.
5. Kia = 60-40 in favour of petrol. So it is at least 4%.

All these numbers are just my assumption which in reality I am sure the petrol share will be more. So 75%+ choosing petrol only is a given at any given point of time.

[Dry Ice]

Originally Posted by Emvi

Seriously!?

This is all Cars24 data, so not for new cars. Still kinda hard to believe someone would pay top dollar for the Endeavour now, ahead of options like Toyota Innova or Fortuner.

Cars24 have published it on their site as well - https://www.cars24.com/blog/2023-fes...ort-by-cars24/

[himanshu_trikha]

Perhaps Delhi-NCR buyers have a great contribution wherein all of us are arm twisted to buy only Petrol vehicles due to

1.Vehicle Age Criteria
2. Non Scientific GRAP Norms that limit plying of <_BS4 diesel for practically 10 months in a year.Forcing diesel owners to maintain two cars atleast.

Petrol cars make great sense here !

[ABHI_1512]

The choices for diesel cars are so limited now that the consumers are forced to buy petrol only vehicles. It would be an interesting study to know what percentage of the consumers from the 87% bought petrol vehicles willingly and how many were forced to due to lack of options !!

Diesel costs less and the pollution norms being in place, they pollute less as well while giving better mileage than petrol. And yet, the market has shifted to petrol from a diesel centric one in the last few years. It’s a matter of lack of options rather than choice when it comes to the shift from diesel to petrol !!

With rulings like the one by the NGT in the entire NCR looming large in other cities as well , the buyers are anyways wary of buying diesel cars and instead going for EV or petrol models only. Add to that the horror stories of DPF issues, it’s a no brainer that folks are opting for petrol cars.

[Cresterk]

Originally Posted by navpreet318

Let me then also throw a question. If today the Swift deisel was available with the same 1.3L multijet engine, how many would have preferred that over the petrol variant?

Probably 90% of them. Even VW group would be selling way more cars today under all their brands - Skoda, VW, Audi - if they still offered their excellent diesels engines.

[sulliavi]

Most Indians choose petrol because they have no better choice now. Govt policies add more confusion to it. Market leaders like Maruti, Hyundai chose to offer as lazy engine options as possible in their entry highest selling variants. Golden era for car enthusiast has already gone

[Dr.Abhi]

Originally Posted by ABHI_1512

The choices for diesel cars are so limited now that the consumers are forced to buy petrol only vehicles. It would be an interesting study to know what percentage of the consumers from the 87% bought petrol vehicles willingly and how many were forced to due to lack of options !!

IMO diesel car choices are limited in new car market and there is no shortage of diesel car options in used car market. Conversely there may be more used diesel cars for sale at least in north india because people in NCR are forced to get rid of their diesel vehicles.

[gck_tourer]

Used card prices for Ecosport and Endeavour show how Ill advised was Ford to leave India. Did all the hard work and when it was time to reap the benefits they left India.

[OffRoadFun]

Not many realize probably, but they have been forced to buy diesel cars indirectly by regulations put by GoI, some of them questionable!

[sulliavi]

Originally Posted by OffRoadFun

Not many realize probably, but they have been forced to buy diesel cars indirectly by regulations put by GoI, some of them questionable!

Did you mean petrol ?