Millennial mindset of using Ola, Uber affecting auto sector, says Nirmala Sitharaman

[ChinnaBhasha]

2 hours ago, hyperbole said:

Just saw this my whatsapp

*Buying a Car* v/s *Hire* a Cab : 
A superb *Analysis* 

Any car  in india cost atleast Rs. 6,00,000
Scrap value after six year -  Rs. 1,00,000
Net amount goes in effective Life of six year  Rs. 5,00,000

Nos of days of six yr is 2200 days

So Rs. 5,00,000/2200
= Rs. 230/day

Yearly insurance Rs 15000 = Rs. 41/day

Daily petrol minimum 
= Rs. 100/Day

After every 3 years Tyre & Battery change charge Rs. 25,000 i.e. = Rs. 23/day

Yearly maintenance of
Car Rs. 9000 i.e 
= Rs. 25/day

Plus interest loss on
Car buying amount
@8%on Rs. 6,00,000 = Rs 131/day                                           _______________
So after buying a new car *daily expenditure = Rs. 850/day.* 

⚖

So friends untill you pay Rs. 850 daily to hire a cab, you are effectively in gain travelling in rental car. 

OLA/UBER now available.

Above all, driving cars on the Indian roads is full of risk added with Mental tension/BP...

New hefty Traffic challans not included. 

 

idantha kadu kani, 6 years old car 1 lakh ki evadina ammedunte seppandayya, nenu & @Kool_SRG uncle cherokati konukkuntam.

[Kool_SRG]

1 hour ago, ChinnaBhasha said:

idantha kadu kani, 6 years old car 1 lakh ki evadina ammedunte seppandayya, nenu & @Kool_SRG uncle cherokati konukkuntam.

Mare 6 lakhs car ante I 10 or Swift vastadi mostly...  6 years old ante 2013 model super 1 Lakh ki istaadante nenu ready kontaaniki...

@ChinnaBhasha  dabbulu ready koni paadedaam padi untaadi...

[Kool_SRG]

11 hours ago, hyperbole said:

Emeki finance ministry correct portfolio na doubt?

Chennai: Finance Minister Nirmala Sitharaman on Tuesday stated that the mindsets of millennial were adversely affecting the automobile industry as they prefer to use radio taxi services instead of buying own vehicle.

“The automobile and components industry has been affected by BS6 and the mindsets of millennial, who now prefer to have Ola and Uber rather than committing to buying an automobile,” said Sitharaman while addressing reporters.

Earlier today, Sitharaman had stated that the government led by Prime Minister Narendra Modi has taken landmark steps in its second term for India to emerge as a five trillion-dollar economy in the next five years amid a domestic and global slowdown.

On skidding sales and job losses in the automobile sector, the minister said that the government departments have been allowed to buy new vehicles. Automobiles purchased till March 31 next year can avail the benefit of additional depreciation of 15 per cent with total depreciation up to 30 per cent.

Besides BS-IV vehicles bought till March 31, next year will remain operational for their entire registration period.

It may be noted that the automobile sector has seen faltering sales in recent quarters.

Domestic passenger vehicle sales skidded for the 10th consecutive month, falling from 287,198 units in August last year to 196,524 units last month and registering a 31.57 per cent decline.

Sales of commercial vehicles were down 38.71 per cent to 51,897 units in August, SIAM said. Vehicle sales across categories registered a decline of 23.55 per cent to 1,821,490 units from 2,382,436 units in August 2018, it added.

The slowdown in auto sales also stems from a severe liquidity crunch in the non-banking financial sector which has dried up lines of credit to both auto dealers and potential car buyers.

The auto industry accounts for nearly half of India’s manufacturing output and employs over 3.5 crore people directly and indirectly.

[Kool_SRG]

4 hours ago, hyperbole said:

Just saw this my whatsapp

*Buying a Car* v/s *Hire* a Cab : 
A superb *Analysis* 

Any car  in india cost atleast Rs. 6,00,000
Scrap value after six year -  Rs. 1,00,000
Net amount goes in effective Life of six year  Rs. 5,00,000

Nos of days of six yr is 2200 days

So Rs. 5,00,000/2200
= Rs. 230/day

Yearly insurance Rs 15000 = Rs. 41/day

Daily petrol minimum 
= Rs. 100/Day

After every 3 years Tyre & Battery change charge Rs. 25,000 i.e. = Rs. 23/day

Yearly maintenance of
Car Rs. 9000 i.e 
= Rs. 25/day

Plus interest loss on
Car buying amount
@8%on Rs. 6,00,000 = Rs 131/day                                           _______________
So after buying a new car *daily expenditure = Rs. 850/day.* 

⚖

So friends untill you pay Rs. 850 daily to hire a cab, you are effectively in gain travelling in rental car. 

OLA/UBER now available.

Above all, driving cars on the Indian roads is full of risk added with Mental tension/BP...

New hefty Traffic challans not included. 

 

Evado karudu gattina bhakt whatsapp university lo circulating ah 

[Hydrockers]

2 hours ago, ChinnaBhasha said:

idantha kadu kani, 6 years old car 1 lakh ki evadina ammedunte seppandayya, nenu & @Kool_SRG uncle cherokati konukkuntam.

Nenu rendu tisukunta baa

[ChinnaBhasha]

14 minutes ago, Kool_SRG said:

Mare 6 lakhs car ante I 10 or Swift vastadi mostly...  6 years old ante 2013 model super 1 Lakh ki istaadante nenu ready kontaaniki...

@ChinnaBhasha  dabbulu ready koni paadedaam padi untaadi...

nen ready vuncle  2 years vadkoni 2 lakhs ki ammukovachu malli.

[Hydrockers]

14 minutes ago, Kool_SRG said:

Mare 6 lakhs car ante I 10 or Swift vastadi mostly...  6 years old ante 2013 model super 1 Lakh ki istaadante nenu ready kontaaniki...

@ChinnaBhasha  dabbulu ready koni paadedaam padi untaadi...

Ammukunte extra dabbulu vastai baa

[ChinnaBhasha]

1 minute ago, Hydrockers said:

Nenu rendu tisukunta baa

calling @hyperbole, vuncle please contact the one who forwarded that message no? 4 cars ki advance ready undi ikkada 

[Kool_SRG]

Just now, Hydrockers said:

Ammukunte extra dabbulu vastai baa

Mare maname second hand showroom open cheseyatame 

[Kool_SRG]

1 minute ago, ChinnaBhasha said:

calling @hyperbole, vuncle please contact the one who forwarded that message no? 4 cars ki advance ready undi ikkada 

Make it five  @aakathaai_new   ki kuda okati, Ivvala Pandu vaala pandaga kada Onam ki kotha car kontaadu...

 

Kaavalisthe deal set chesinollaki car ki 1-2% comission kuda ichedaam aalla kastam manakendu le..

[ChinnaBhasha]

2 minutes ago, Kool_SRG said:

Mare maname second hand showroom open cheseyatame 

[ChinnaBhasha]

1 minute ago, Kool_SRG said:

Make it five  @aakathaai_new   ki kuda okati, Ivvala Pandu vaala pandaga kada Onam ki kotha car kontaadu...

[Katara]

32 minutes ago, Hydrockers said:

Nenu rendu tisukunta baa

Burra pettu konchem, its 1000km/month =70k mileage vunna car rate enta? Driver included in taxi , own lo salary ivvali

[Hydrockers]

24 minutes ago, Katara said:

Burra pettu konchem, its 1000km/month =70k mileage vunna car rate enta? Driver included in taxi , own lo salary ivvali

Ardham kale

[Katara]

30 minutes ago, Hydrockers said:

Ardham kale

6 yr old car 1 lac ekada dorkuddi annav kada? Car meeda miles 70k vuntey dani value enta? Original post lo math chesindi for about 1k mileage per month basis so taxi best