Which car is the cheapest in India? – Auto Dealers Association
India is the second most expensive country in the world for car sales.
However, the cheapest cars are actually cars sold online.
This is thanks to a combination of factors.
Auto Dealants Association (ADCA) chief executive Ashok Shukla told NDTV, “It is very expensive to own a car.
But the real cost of owning a car is getting it to market.
Online car sales have come down substantially over the last few years.
So the car industry is looking to the internet for low prices.
And that is where the competition is coming in.”
According to ADCA’s estimates, there are over 1.1 crore online car sales in India.
With the popularity of car buying, internet car sales are growing, which means that the overall cost of ownership is also rising.
Shukla said, “Online car sales and the growth of car sales online are good for India.
But there is another factor that is also influencing the prices.
The demand for electric vehicles has been increasing and has led to an increase in the cost of petrol and diesel vehicles.”
Shukl said that online car sellers are also not able to afford to buy cars from the dealers.
“Many car dealers in India do not sell electric cars.
There are no dealerships or charging stations in the country,” he said.
Shukl added, “There is no other option for car buyers except online.
Even if the car is on sale, there is no one selling it.”
ADCA estimates that the average car sold in India is Rs 20,000, which is about $1,200 in US dollars.
However it is only about $900 in the US.
Shakla said the car market is a complicated one.
The prices of cars vary wildly across states and countries.
“In the United States, there was a big slowdown in the last 10 years, so car prices in general have gone down,” he added.
However Shuklah said, in India, “car prices are going up at a very rapid pace.”
According the ADCA, car sales account for over half of India’s GDP.
According to its latest estimates, online car sale accounts for over 90% of India car sales growth.
This means that car sales will continue to rise in India for the foreseeable future.