The youth (millennials) are working to restore the corona epidemic and the lockdown economy. In the last two months, young people have been able to play a key role in the rapid growth of demand for FMCG products, including cars, homes and electronics. Market experts say that compassion and social distance (social distance) have made a big difference in the lives of professional youth. This is benefiting the Indian market. Work from home culture has turned the house into an office. At the same time, social distance has encouraged private transport rather than public transport. Young people are buying all the necessary products including houses and cars to keep pace with this change.
Buyers between the ages of 25 and 40 are the most common
Vehicle dealers say Corona and social distance have worked to increase demand for vehicles. Durgesh Gupta, who works in Maruti’s showroom, told Hindustan that the demand for cars has increased after the Corona. Young shoppers between the ages of 25 and 40 play an important role in increasing this demand. He is insisting on buying an entry car. At the same time, workers in small companies are buying bikes. This has helped the automobile industry get back on track.
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According to the latest data from the Society of Indian Automobile Manufacturers (SIAM), there is also evidence of increased demand for vehicles. In the July-September quarter of 2020, passenger vehicle sales increased by 1 fiscal.02 percent to 7,226,222 units. Two-wheelers sold 46,90,565 units in the September quarter. “There are signs of recovery in some sectors in the second quarter,” said Kenichi Ayukawa, president of SIAM. There is a positive trend between passenger vehicles and two-wheelers.
IT professionals have boosted home sales
Space India Group CMD Rakesh Yadav told Hindustan that Corona and Lockdown have converted the house into an office. At the same time, many IT companies have worked from home the following year to increase home sales. Demand for this specialty has grown significantly as a result of recent corporate scandals. He quoted a Proptiger report as saying that home sales increased 85 percent in the July-September quarter compared to the April-June quarter. In recent times, the important role of young people has been seen to thrive in the property market. Sales are expected to improve further during the festive season.
Comes faster from Navratri
Garment market traders are expected to return to work from Navratri. Traders said the lockdown has reduced demand from clothes to shoes and chapels, but once Unlocked-5, demand will increase. This time young people will have an important role to play in bringing excitement to the market as they have not shopped at all in the last seven months. In such a scenario the market is expected to get a big advantage as a result of the pressing demand.