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How Has COVID-19 changed The 2-Wheeler Market In India?

  • COVID-19 has changed our lives in numerous ways, including the way we choose to commute. The two-wheeler market in India has witnessed significant changes in the wake of the Covid-19 crisis as many people are avoiding public transportation and relying on cheaper alternatives. Taking a cab for daily commutation or buying a new car is not an option for everyone. For many consumers, Muthoot FinCorp’s two-wheeler loans have provided a convenient and rapid commuting experience. Indian markets have witnessed visible growth in the two-wheeler segment and Muthoot FinCorp has supported it through easy and flexible two-wheeler loans.

    With the COVID-19 crisis onset, two-wheeler markets have witnessed significant changes; It has witnessed an upsurge in demands coupled with tremendous growth potential. Unfortunately, this pandemic has also brought financial hardships, as millions of individuals have lost their jobs and business activities are disrupted worldwide. Many people who wish to purchase a two-wheeler face financial constraints.

    Here’s where Muthoot FinCorp steps in. For consumers who do not wish to bear the financial burden of paying for the vehicle in one go, a two-wheeler loan becomes the answer to their worries. It has become highly convenient and hassle-free to secure a two wheeler loan from Muthoot FinCorp.

    Factors Influencing Purchase Decision of Two Wheeler

    Here are the factors that influence most consumers when taking two-wheeler loans. If you are looking for two wheeler finance, keep them in mind:

    • Interest Rate: It is one of the essential factors that you should consider while taking a two-wheeler loan. When purchasing a two-wheeler, getting the lowest two-wheeler loan interest rate becomes crucial. With the Muthoot Fincorp Two Wheeler loan, you can get attractive interest rates on the purchase of your two-wheeler vehicle.
    • Convenience – Another feature that two-wheeler purchasers seek is a smooth and convenient procedure for securing a two-wheeler. For many, getting a loan can prove a challenging task involving complicated procedures. However, Muthoot FinCorp Two Wheeler Loan now offers a smooth ride for you to secure a loan for your dream two-wheeler vehicle with attractive bike loan interest rates.
    • Resale Value: Another crucial aspect that most buyers seriously consider is the resale value of the vehicle. Most buyers only plan to use the vehicle for a limited period. They plan to sell it, later on, So, the product’s resale value is another aspect to be considered while choosing the right two-wheeler for yourself.

    Also Read: Restarting India With Special Two-Wheeler Scheme For Salaried Employees

    Why should you take a two-wheeler loan during this COVID-19 pandemic?

    Owning a personal vehicle is a dream for most middle-class families. Everyone wishes for the convenience and round-the-clock availability that only a personally owned vehicle can offer. During the pandemic, as we seek to enforce social distancing when most people avoid crowded and cramped spaces, people consciously avoid public transportation. On the other hand, most people can not afford a personal cab each time they commute. Buying a four-wheeler is also not a viable option. It is an expensive alternative, and navigating during peak traffic hours in a four-wheeler can be time-consuming. Two-wheeler is a convenient and pocket-friendly way of transportation, saving a lot of time, and is easier to park.

    Get Two Wheeler Loan at Lowest Interest Rate – 6.99% – Apply Now

    So, despite the pandemic, two-wheelers have been chosen by many. If you are one such individual looking for financing options, step into your nearest Muthoot FinCorp Branch or speak to our representative at 1800 102 1616 today.

    Harshit Agrawal 15-Dec-2021 1102 Views

About Author

Harshit Agrawal -
Harshit Agrawal heads digital marketing for Muthoot Pappachan Group from its head quarter based in Kochi, India. He has managed digital marketing & activations for brands such as Maruti Suzuki, Hero MotoCorp, Bharti Airtel, Google, Mankind Pharma...read more

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