In a survey conducted in December 2022 in India on two-wheeler purchases, 78 percent of the respondents stated that they would buy their next two-wheeler outright. However, when asked about purchasing two-wheeler in 10 years' time, 37 percent of respondents said they would consider financing, leasing, subscription or other methods.
Preferred ownership model for two-wheeler in India as of December 2022
Characteristic
Next purchase
Purchase in 10 years
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McKinsey & Company. (September 14, 2023). Preferred ownership model for two-wheeler in India as of December 2022 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1427903/india-preferred-ownership-model-for-two-wheeler/
McKinsey & Company. "Preferred ownership model for two-wheeler in India as of December 2022." Chart. September 14, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1427903/india-preferred-ownership-model-for-two-wheeler/
McKinsey & Company. (2023). Preferred ownership model for two-wheeler in India as of December 2022. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1427903/india-preferred-ownership-model-for-two-wheeler/
McKinsey & Company. "Preferred Ownership Model for Two-wheeler in India as of December 2022." Statista, Statista Inc., 14 Sep 2023, https://www.statista.com/statistics/1427903/india-preferred-ownership-model-for-two-wheeler/
McKinsey & Company, Preferred ownership model for two-wheeler in India as of December 2022 Statista, https://www.statista.com/statistics/1427903/india-preferred-ownership-model-for-two-wheeler/ (last visited August 24, 2024)
Preferred ownership model for two-wheeler in India as of December 2022 [Graph], McKinsey & Company, September 14, 2023. [Online]. Available: https://www.statista.com/statistics/1427903/india-preferred-ownership-model-for-two-wheeler/