Your savings habit is eating into luxury cars’ sales potential in India, says Mercedes-Benz

According to one Mercedes-Benz India official, SIP investments are hindering the growth of the industry in the country which is home to the third largest number of billionaires globally. Iyer in the interview also claimed that, unlike the West, India has a strong savings mindset owing to weaker social security measures and Indians end up savings for themselves and their kids.

from Auto-Industry-Economic Times https://ift.tt/78xKlhe