New Delhi: The luxury car industry has a new challenger — systematic investment plans (SIPs) — which give an easy entry to Indians into stock markets and debt savings through mutual funds.
As inflows into SIPs continue unabated, despite volatility in stock markets, disposable incomes into aspirational and premium products such as cars are not as widespread as they should be, says Santosh Iyer, sales & marketing head of Mercedes-Benz India.
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