Registration Of High-end Cars Vrooms In 2021 In Pune | Pune news

Pune: The registration of high-end cars priced at above Rs40 lakh hit three-year high in the pandemic-riddled 2021 in the Pune RTO, indicating a few always have enough to splurge.
Going by the figures provided by the Pune Regional Transport Office (RTO), there was over a 100% increase in the registration of these cars in 2021 compared to 2020. Compared to the pre-pandemic times in 2019, the rise was around 29% .
Several sports utility vehicles (SUVs) as well as hatchbacks and sedans of leading carmakers cost over Rs40 lakh in India. “Probably, people not affected financially by the pandemic decided to buy their favorite cars last year. The higher registration of such cars in 2021 than that in 2019 springs a surprise for sure. We cannot give a very specific reason for it because the registration of cars in general in 2021 has been decent compared to 2020 despite the semiconductor chip issue,” an RTO official said.
Amar J Sheth, the state president of the Federation of Automobile Dealers’ Association (FADA), told TOI that the pandemic had not been a financially draining scenario for all.
“Many industries, including the pharmaceutical companies and consultancy firms, made money. Thus, for some people, economic distress was not a factor at all in the past one-and-a-half years. They might have faced other issues, though. For example, some of them might have had to cancel a planned holiday abroad. Or a lavish destination wedding had to be canceled because of the pandemic. Some such people decided to use the money saved to splurge in a high-end car. This is one reason behind the increase in high-end car registrations in 2021 compared to the earlier two years,” he said.
Sheth said a few others unaffected financially last year just decided to go for a big buy. “The pandemic has shown everything, including life, is extremely unpredictable. Hence, some people might have just changed their perspective of life. Instead of planning and waiting to do something like buying a high-end car, they just bought it,” he added.