New Delhi, Oct 28 (PTI) Consumers are exploring both luxury and sustainable alternatives, setting the stage for a new era in the Indian automotive sector, according to a survey by Grant Thornton Bharat. As per the survey -- 'Shifting Gears: Understanding Passenger Vehicle Market Trends', 85 per cent of the respondents were considering premium models and there is an increasing preference for hybrid vehicles over electric vehicles (EVs). Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for October 28, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.
The survey gathered insights from over 3,500 respondents across the country. According to the survey, 40 per cent of respondents now prefer hybrid vehicles, compared to only 17 per cent favouring EVs. Also Read | Shillong Teer Results Today, October 28 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.
In contrast, 34 per cent still lean toward petrol vehicles, reflecting the transitional nature of the market, it said. This growing alignment with hybrids suggests that consumers are exploring sustainable options, while waiting for more robust EV infrastructure and incentives, the survey found. Therefore, with hybrid vehicles gaining traction, they are expected to act as a bridge, building consumer familiarity with alternative technologies and ultimately accelerating future EV adoption, it opined.
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