A lot of things have to come together to make a 'buy' decision. And that is what ZyFin Research has done. The sentiment attached to the purchase has been 'mapped' by ZyFin Research, which has come out with its 'Vehicle Spending Sentiment Index' - a measure of willingness to purchase a passenger vehicle or a two wheeler in the next six months.
Based on recent trends, the index suggests a mild recovery in consumers willingness to spend, since May 2014.
Debopam Chaudhuri, Chief Economist, ZyFin Research says, "Investor and consumer sentiment is currently at a high, on the consensus that economic conditions will not worsen. We expect a recovery in auto sales over the next two quarters, primarily led by this improvement in consumer sentiment. A decline in interest rates would surely assist this recovery. Read Full Report
Index remains on recovery path, registers improvement for second consecutive month.
Demand to be greatest in South India in coming months.
Consumers in Tier-II cities most likely to purchase vehicles.
Consumers in Mumbai are optimistic about purchasing vehicles.
Male consumers are less pessimistic than female consumers when it comes to vehicle purchase plans.