Two And Four Wheeler Sales Drop In Kolhapur

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Motor vehicle sales have dropped marginally in Kolhapur, according to a report by Kolhapur Municipal Corporation's (KMC) transport division for the last financial year compared to 2012-13.

According to their report, the financial year of 2013-14 saw sales of 61,613 two wheelers and 7,857 cars, compared to 62,899 two wheelers and 8,147 cars sold in the financial year of 2012-13.

Looking at the numbers, experts say unfavourable conditions for business and lower output in the farming sector could be two major reasons for the drop.

J F Patil, a city-based senior economist, said that the narrowing prices between petrol and diesel is discouraging people who want to buy new vehicles. The severe agitation with the price of sugar cane is an issue since it is the major crop grown here and farmers don't sell cars and buy new ones every 2 to 3 years like the people who live in cities.

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The increasing number of used cars is taking over the market share compared to new cars.

Even as the sales of geared two wheelers was not impressive, sales of gearless scooters and mopeds was better.

A senior official at the transport office said that cars being sold in the market average a price of INR 6-7 lakhs. These numbers just show that Kolhapur did not generate enough cash in the last year.

The total number of motor vehicles sold in the district in the financial year of 2012-13 was 90,484, which dropped to 87,304 last year.

Story first published: Wednesday, August 13, 2014, 13:32 [IST]
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