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PUNE:
Koregaon Park resident Kailash Chitre had purchased a 350cc high-end bike for Rs 1.45lakh in 2019. He’s determined to promote it off now.“I can not maintain it anymore. With the price of petrol on a excessive, a mileage of 30-35km per litre is just not what I can afford now after dealing with substantial wage cuts owing to the pandemic. I need to promote it off and purchase a easy scooter. I’m speaking to my mates, colleagues and second-hand sellers and making an attempt to barter a value,” Chitre, who works in Hinjewadi phase-3, stated.
Many homeowners of high-end bikes and automobiles within the metropolis are contemplating promoting their gasoline guzzlers even at low costs. Sellers stated that they had been witnessing a rise within the sale of high-end automobiles and bikes for the previous two months. “Within the automobile section, the variety of individuals approaching us to promote their automobiles costing Rs50lakh or extra has elevated by round 20%. The sellers are primarily businessmen going by unhealthy instances and they don’t need to pay excessive EMIs now. Within the two-wheeler section, the rise has been round 25%. Most individuals proudly owning high-end bikes now need to go for easy two-wheelers or e-bikes,” a Mundhwabased vendor stated.
Pune RTO officers instructed TOI that the variety of switch of ownerships of automobiles until October this 12 months is ready to surpass final 12 months’s figures. “Final 12 months, the possession of round 47,800 automobiles had been transferred. This 12 months, the determine stands at 47,600 already. With greater than a month to go for the 12 months to finish, we’re taking a look at a 30% improve this 12 months in comparison with 2020. Whereas round 4,000 pre-owned automobiles had been offered monthly on a mean final 12 months, this 12 months we count on the month-to-month common to be greater than 5,000 automobiles,” an official stated.
Sarang Kenjale, founder, Blitzkrieg Using Membership, stated that the excessive gas costs have impacted the rides organised by them. “Whereas some have offered their bikes, the rides we arrange have gone down drastically. Lengthy rides to locations like Ladakh are out of the query now as a result of excessive gas price as we cowl virtually 10,000km one-way. We’ve got to assume twice even to go to Lonavla now. From organising 4 rides a month, we’re down to 1,” Kenjale stated.
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The price of possession for a pre-owned/used car is considerably much less compared to a brand new one, primarily as a result of excessive depreciation, increased taxes, RTO/ registration charge, and costly car insurance coverage insurance policies, Grant Thornton Bharat stated in its report.
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