• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Friday, January 22, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    media, COVID-19 vaccine

    The 24-hour anti-vaccine propaganda of Mainstream Media is totally working as people get increasingly scared of Indian vaccines

    farmers, farm laws, Modi government

    The 18 Month abeyance of Farm Laws sets a bad precedent and will destroy the lives of real farmers of India

    Tandav, I&B Ministry, Hindus

    Amazon Prime has deleted 2 controversial scenes from the Web Series Tandav. But the entire web series is riddled with similar scenes. What about them?

    Halal, Meat, South Delhi Municipal Corporation

    Restaurants in South Delhi will now have to tell their customers that they are not shoving Halal meat down their throats

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    stock, Modi, economy

    Indian stock market adds $1.3 trillion in just nine months, thanks to the reforms

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    media, COVID-19 vaccine

    The 24-hour anti-vaccine propaganda of Mainstream Media is totally working as people get increasingly scared of Indian vaccines

    farmers, farm laws, Modi government

    The 18 Month abeyance of Farm Laws sets a bad precedent and will destroy the lives of real farmers of India

    Tandav, I&B Ministry, Hindus

    Amazon Prime has deleted 2 controversial scenes from the Web Series Tandav. But the entire web series is riddled with similar scenes. What about them?

    Halal, Meat, South Delhi Municipal Corporation

    Restaurants in South Delhi will now have to tell their customers that they are not shoving Halal meat down their throats

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    stock, Modi, economy

    Indian stock market adds $1.3 trillion in just nine months, thanks to the reforms

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Chinese mainland reports 94 new locally transmitted Covid cases 29 mins ago
US sees record-high daily Covid-19 deaths 53 mins ago
Hasina thanks Modi for Covid-19 vaccine 1 hour ago
Fauci is back, America gets a Covid-19 reality check 2 hours ago
US to seek extension of key arms control treaty with Russia 3 hours ago
Spain’s daily coronavirus cases hit all-time high 4 hours ago
Next
Prev

Finance minister is 100% correct: Maruti chairman vindicates Nirmala Sitharaman on Ola-Uber

Amit Agrahari
by Amit Agrahari
19 September 2019
in Trending
0
Maruti, Nirmala Sitharaman

(PC: Livemint)

8.5k
SHARES
27.4k
VIEWS
Sharre via FacebookShare via Twitter

RC Bhargava, the veteran automobile executive has vindicated the statement of Finance Minister Nirmala Sitharaman over preference of shared mobility. In an interview with Business daily Livemint, when Bhargava was asked whether emergence of shared mobility has impacted sales, he replied, “Today, a youngster has so many options of what he can do with his money, that a lot of them prefer other options than buying a car because he can still get his mobility through a car from Ola and Uber which is much more economical. So, what the finance minister said is 100% correct. That is what the millennial generation is thinking.”

Bhargava also said that younger generation prefers gadgets over cars. “Today, a youngster wants to buy a nice smartphone and wants to meet his friends at a restaurant and have a good time. If he buys a car, then he probably can’t do these things,” he said.

RC Bhargava is credited with revolutionising India’s automobile industry. Under his leadership, Maruti Suzuki became a market leader with almost 50 percent, which means that every second car on the road is produced by Maruti. After he retired from the post of CEO of Maruti Suzuki, the company appointed him Chairman.

The statement of the Maruti chairman has empirical evidence. In the month of August, Indian smartphone market grew 9.9 percent on year-on-year (YoY) and 14.8 percent quarter-on-quarters (QoQ). In the premium segment, Apple took over Samsung as market leader and overall share of Apple increased to 41.2 percent.

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

The Twitter warriors, newly converted industry experts, and opposition created a furor over the statement of FM Nirmala Sitharaman.

A plethora of research has been carried out, and every study has vindicated that millennials prefer shared mobility over buying a car, as it is more economical.

Deloitte, the global consultancy published 2019 Global Automotive Consumer study in June. As per this study, shared mobility is gaining currency among the youth of India. Another report by Morgan Stanley predicted that the share of shared mobility in the total miles traveled will reach 35 per cent by 2030 and 50 percent by 2040.

According to studies, sharing a car is cheaper than hiring. The social status attached with ownership of car is a thing of the past and youth is more focused on efficiency. “Social barriers are breaking. My friends who could not think of getting off their Mercedes are happily taking Ola-Uber,” says a 25-year old office goer working in Bangalore

The newspapers have published articles about the efficiency of sharing compared to ownership since last few years.

According to an article published in Economic Times in November 2015, one can save 50,000 to 1,00,000 rupees per year by using shared mobility. The article was titled, ‘Should you buy a car in the age of Uber and Ola?’

Another article published on April 30, 2016 in the same newspaper openly argued against ownership of cars, and it was titled ‘Don’t buy a car, just share an Ola or Uber cab, it makes more sense’.

RBI published a study titled ‘What Drives Automobile Sales? It’s not Credit’ dated April 25, 2019 in which it called “exogenous policy changes such as vehicle insurance and the maturing of the ride-hailing services segment” responsible for slowdown in Automobile sector.

The Twitter trolls and the the dolts who have an opinion on everything ranging from macroeconomics to social science should read the studies, statements of industry experts and people like Anand Mahindra, RC Bhargava who have skin in the game, before criticizing the statement of FM Nirmala Sitharaman.

Tags: Maruti-SuzukiNirmala SitharamanRC Bhargava
Share8537TweetSend
Previous Post

Def. Min Rajnath Singh’s unique initiative – the true history of Bharat’s borders will be chronicled and retold

Next Post

Cornered Mamata goes full right wing, invokes “pride” and “sub-nationalism”

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
media, COVID-19 vaccine

The 24-hour anti-vaccine propaganda of Mainstream Media is totally working as people get increasingly scared of Indian vaccines

21 January 2021
farmers, farm laws, Modi government

The 18 Month abeyance of Farm Laws sets a bad precedent and will destroy the lives of real farmers of India

21 January 2021
Tandav, I&B Ministry, Hindus

Amazon Prime has deleted 2 controversial scenes from the Web Series Tandav. But the entire web series is riddled with similar scenes. What about them?

21 January 2021
Halal, Meat, South Delhi Municipal Corporation

Restaurants in South Delhi will now have to tell their customers that they are not shoving Halal meat down their throats

21 January 2021

Popular This Week

Arnab Goswami, Modi, Pulwama Attack
Trending

It was not just Arnab but 1.3 Billion Indians who knew that PM Modi was going to do something “big” after the Pulwama attack

by Sanbeer Singh Ranhotra
18 January 2021
Nidhi Razdan, Harvard, associate professor
Trending

Nidhi Razdan quit NDTV to join Harvard University as Associate Professor. Turns out, it was all fake

by Sanbeer Singh Ranhotra
15 January 2021
whatsapp signal brian acton
technology

He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

by Abhinav Singh
15 January 2021
Imran Khan, Balakot Airstrike, Pakistan, PM Modi
Trending

Imran Khan was trying to “rip into PM Modi”, ended up accepting that IAF bombed the poop out of Pakistan

by Sanbeer Singh Ranhotra
18 January 2021
whatsapp india
Opinions

WhatsApp’s honeymoon period in India is officially over

by Sanbeer Singh Ranhotra
15 January 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited