 "Buying a new car? Leasing, subscription work better if your usage is low")
Finance Minister Nirmala Sitharaman recently said that one of the reasons for the slowdown in auto sales is changing preferences of millennials. They prefer alternative options rather than purchase a car outright. She was not entirely wrong.
The key reason for the current slowdown in the auto sector is decline in the overall level of consumption. At the same time, many car users are not interested in going for outright purchase, according to auto industry experts. "They don't want the liability of a loan, co-ordinating for service and repair, and finding a buyer when they want to sell. Such users
