Online platforms emerge preferred marketplace for vehicle buys: Survey

A survey has revealed that online platforms have emerged as preferred marketplace for buying a vehicle with a majority 60 per cent of respondents showing willingness to buy vehicle digitally. Besides, 54 per cent of the 77 per cent respondents who had deferred their decision to purchase a car were keen to own it in 2021, it said. Conducted by CarWale and BikeWale in association with CEAT Tyres, IndusInd Bank and Frost & Sullivan, the survey found interest in electric vehicles (EV) with a willingness to explore new models in ownership and a sharp uptick in interest in online purchases, it said.