4 weeks ago
13
Are cars costly now? Obviously each volition accidental Yes! But what is the reality? Are cars truly costly nowadays? What if I accidental cars are really cheaper now? Will you hold to me? I americium definite you volition accidental NO. Okay let's find it out.
When we accidental thing is costly, we decidedly request to comparison it's terms for past fewer years past lone we tin accidental that yes, it's costly now. This is the elemental method which is followed for years everyplace successful the world. For illustration if thing was costing Rs. 100 3 years backmost and present it is astatine Rs. 150, we tin safely accidental it has go costly present adjacent aft considering modular ostentation here. Most of the things person interaction of ostentation and that is the main crushed wherefore things go pricey each twelvemonth by immoderate amount. Real property prices, substance prices, market prices, vegetables and fruits prices, etc. are the basal parameters liable for inflation.
Coming backmost to cars now. People support saying cars are precise costly now, aft GST they person go precise costly, etc. But what is the world here? Let's cheque it out.
Example 1: Maruti Zen was launched determination astir 1997 and from what I retrieve it was costing astir 4 Lakhs OTR successful the twelvemonth 2000 (Correct maine if I americium wrong). When I purchased Ignis Zeta past twelvemonth successful July 2023, it costed maine 7.9 Lakhs OTR. Now if I comparison features here, Ignis has loads of much features similar 2 airbags, ABS with EBD, Hill assist, Keyless entry, Alloy wheels, Spoiler, Roof rails, Infotainment strategy with Android Auto and Apple Car play, Steering mounted controls, Electrically operated mirrors, fog lamps, rear wiper & fewer more. On apical of that my Ignis is automatic (AMT). Also Ignis has overmuch better, refined BS6 motor (1.2 L against 1.0 L Zen had astatine that time) with much powerfulness and substance efficiency. So ideally if we spot prices of Zen successful the twelvemonth 2000, akin Ignis should person costed maine astatine slightest 12-14 Lakhs contiguous considering each the features I got and 23 years of Inflation. But I got it for conscionable nether 8 Lakhs which is precise inexpensive if I see car prices successful 2000.
Example 2: Maruti Esteem was costing astir 7 Lakhs OTR successful the twelvemonth 2000 and present aft 24 years, 1 tin acquisition Maruti Ciaz astatine astir 12-13 Lakhs OTR with loads of much features, much space, amended motor and what not. Considering ostentation and different parameters, it should person costed 20+ Lakhs but successful world you are getting it for overmuch little price. Same for Honda City arsenic well.
Example 3: Lets instrumentality 1 illustration of motorcycle now. I purchased Bajaj Caliber 110 cc motorcycle successful 1998 for 65K OTR. It was a precise bully motorcycle and I utilized it for much than 1 lakh kms. If I privation to acquisition 110 cc motorcycle contiguous from Bajaj, Honda oregon TVS, it volition outgo astir 1 Lakh lone aft whopping 26 years!! Isn't it crazy? Definitely yes. Looks similar ostentation has precise very little interaction connected motorcycle prices. Again todays bikes are having amended engines and amended tech on with immoderate bully features which were not contiguous before. So I tin safely accidental that we are getting bikes astatine precise attractive, bully terms adjacent aft 25 years.
Now I volition adhd much amusive to discussion. In todays satellite mediate people is earning overmuch amended than before, accidental 15-20 years back. If I instrumentality illustration of my own, erstwhile I started my occupation successful July 2000 my wage was 70K per annum (yes, you work it right, it was recession clip and I was successful mechanical field), that is astir 5K per period successful hand. So buying car worthy Rs. 4 Lakhs is similar spending much than your afloat 5+ years of income. Now successful 2024, my income is 25+ Lakhs and buying a car worthy 8-10 lakhs is conscionable spending of my 4-5 months salary. That is the crushed we tin spot truthful galore cars pouring connected our streets each day. People are having overmuch amended purchasing powerfulness present and spending connected cars is not that large magnitude for them, that's the reality. People deliberation cars are costly chiefly due to the fact that they privation big, almighty car with galore fancy features which they mightiness ne'er usage oregon hardly usage successful time to time beingness oregon without which they tin easy unrecorded with.
When I spot todays car marketplace closely, determination are inactive galore bully cars which are worth for money. But car companies are looting radical connected the sanction of assorted fancy oregon truthful called indispensable features. One tin easy unrecorded without features similar wireless charging, ventilated seats, car wipers oregon lights, sunroofs moonroofs, temper lighting and what not. If you spot cars similar Creta, it starts from 13-14 Lakhs OTR and goes till 25-26 Lakhs which is insane. So radical are paying other magnitude conscionable for fancy features arsenic main car is aforesaid with each information features. Same happens with galore different cars. Companies similar Toyota conscionable looting radical owed to deficiency of contention successful those peculiar segments. Cars from German manufacturers are costly connected the sanction of information and marque name. They are conscionable looting radical erstwhile radical acquisition caller car and past successful servicing arsenic good for years to come.
Lastly I conscionable privation to accidental that spell for car acquisition with eyes unfastened and spot what each features you truly need. There volition ever beryllium bully VFM cars disposable successful the market. Happy driving 
