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Coronavirus lockdown slows down luxury car deals in Pune

Car registrations in the city have seen an almost 16% expansion during Dasara than what it was during the relating time frame a year ago, yet makers and sellers currently anticipate Diwali for the extravagance portion to get a move on.

Pune Regional Transport Office (RTO) insights uncovered that while 1,500 extravagance vehicles (each conveying a sticker price of Rs20 lakh or more) were enrolled among April and October a year ago, the enlistment in the relating time frame in 2020 remained at 678, a drop of around 55%.

RTO authorities, be that as it may, said the diminishing didn’t demonstrate any disturbing circumstance since individuals were all the while purchasing extravagance vehicles.

“An analysis of the statistics revealed that the registration figures were less due to the Covid-19 induced lockdown. Shops, showrooms, offices and even the RTO were shut for business for nearly four months from the last week of March. This was unprecedented. This year’s figures show that people have bought luxury cars. We are anticipating a rise with Diwali around the corner,” an RTO official said.

With regards to the complete enrollment of vehicles, the Pune RTO enlisted around 25,500 vehicles among April and October a year ago. In examination, the Pune RTO enrolled around 15,000 vehicles during the comparing time frame this year.

“We have to consider the four months of closure in 2020. The registration figures could have been more otherwise. We cannot say the registration figures (15,000) between April and October this year were low. Dassara has been impressive in terms of registration with a 16% rise compared to last year,” another official said.

In October this year, the Pune RTO enlisted the most noteworthy number of vehicles (5,170) since March. In examination, the Pimpri Chinchwad RTO enrolled 3,505 vehicles during the period.

Extravagance vehicle organizations, in any case, concurred that the offer of their vehicles had dropped and they were by and by endeavoring to arrive at a year ago’s levels.

A Mercedes Benz official said while they had sold 9,000 vehicles the nation over in the initial nine months a year ago, the deal dropped to 5,000 during the period this year.

While revealing the privately fabricated AMG model, Mercedes Benz India overseeing chief and CEO, Martin Shwenk stated, “The first priority is to get back to the 2019 levels and from thereon take the benefits of cost reduction due to localization to grow the business.”

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Pune journalist was involved in the writing and production of this article.