- 73,087 respondents were part of this survey
- 60 per cent planning to purchase within 3 months
- 25 per cent respondents have reduced budget
We at BikeWale conducted a survey to learn more about the sentiments of the Indian consumers during COVID-19 lockdown. A total of 73,087 people participated in this survey that gave some positive insights.
Based on the survey, 73 per cent buyers are planning to purchase a two-wheeler post lockdown, of which 60 per cent are planning the purchase within the next 3 months. The survey further reveals that 58 per cent of the respondents’ budget is the same as earlier, whereas 16 per cent of them have increased their budget. The rest 25 per cent respondents have reduced their budget.
The survey also revealed that 52 per cent of the buyers are planning to purchase two-wheelers costing less than Rs 1 lakh. 31 per cent respondents are the ones who have a budget of between Rs 1 lakh and Rs 2 lakh.
It’s clear from the survey that the two-wheeler industry is bound to get back on its feet and see some good sales. Plus, there’s belief in the industry that more consumers would like to travel on their own in their personal two-wheelers rather than crowded trains or bus to maintain social distancing.