64% of India's GenZ questions need to own a car: Deloitte global survey

The study also dwells on consumer preference with regard to data privacy and the money Indian buyers are willing to spend on connected vehicles.

About 64 per cent of India’s Gen Z/GenY, who already own a vehicle, questions the need to own a vehicle as opposed to 51 per cent in 2019, according to one of the findings of Deloitte’s 2020 Global Automotive Consumer Study.

The respondents (all of them vehicleowners) cited an increase in the cost of owning a personal vehicle, emergence of Bharat Stage-VI emission standards, coupled with higher penetration of ride-hailing services, as the reason for the same. 

According to the report, the number of people occasionally using ride-hailing services has also increased in the past few years, as riders (consumers)