40% Urban Indian Purchase Intenders more likely to buy a new or a used car - happy tidings for automotive industry reeling under slowdown & shutdown: Ipsos COVID 19 Impact on Auto Global Study
The automotive industry has been witnessing a roller coaster ride; first it was impacted by the global economic slowdown, and then the shutdown due to the COVID-19 crisis. But going by the findings of the new Ipsos Global Study, the pall of gloom is likely to be lifted.
COVID19 has emerged top-most worry of Urban Indians in April 2020: Ipsos What Worries the World Global Survey
Unemployment, Financial/ Political Corruption, Crime & Violence and Poverty & Social Inequality are the other worries. India bucks global trend of pessimism – 65% Indians say country headed in right direction; 54% global citizens feel their country is on the wrong track
Paradox of Indians – Over half (51%) favor opening of economy and businesses, irrespective of full containment of COVID-19; 78% Indians (highest globally) nervous of leaving their homes for travel and work
People globally are divided over whether the economy should open if COVID-19 is not fully contained; hard hit, Italy and China support reopening.