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4G adoption up as 53% Indians bought smartphones online in 2016: Deloitte

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New Delhi: Amid the steady 4G adoption growth, 53 per cent of Indians bought their smartphones online while 39 per cent of smartphone owners still preferred retail stores to buy a new device in 2016, a Deloitte survey revealed on Wednesday.According to the ‘Mobile Consumer Survey 2016’, 4G adoption is expected to grow strongly over the next year to become the predominant data network and about 45 per cent of the respondents said that they would subscribe to 4G or LTE in the next 12 months.

“With internet becoming cheaper and higher mobile data penetration, consumers are becoming extremely data hungry. Thus, usage of smartphone is only expected to grow from here onwards,” said Neeraj Jain, Partner, Deloitte Touche Tohmatsu India LLP, in a statement. Communication services namely social networks and instant messaging are the two things consumers check on their smartphones first thing in the morning, the findings showed.

The findings showed that smartphone users wield their devices to check bank balances (54 per cent), pay utility bills (54 per cent) and services bill (53 per cent) the most. This is followed by transferring money within the country (38 per cent) and abroad (31 per cent).

“The most common reason given for not using phone to make a payment was fear about security, cited by 29 per cent of respondents,” the survey noted.The survey analysed the mobile usage habits of over 2,000 Indian consumers as part of a global survey of 53,000 respondents across five continents and 31 countries. The India data comprised of representatives from eight urban cities with internet access and adults aged between 18 and 54.

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Electric vehicle versus Fuel vehicle: Which is more affordable and cheap

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The electric vehicle industry is booming, but the biggest drawback for the consumer is that they are priced much higher than the traditional fuel vehicles. However, at a time when filling-up a full tank of petrol scooters and motorcycles is fast becoming a dream for many, the alternative to it — electric two-wheelers — seems to offer better running price realisation in the long term.

According to investment bank and financial services firm Morgan Stanley, battery-powered two-wheelers are cheaper to own and run than petrol and diesel equivalents. The running cost of electric vehicles is nearly 5% lower annually compared to a gasoline petrol vehicle, the report showed.

The maths of cheaper electric vehicles

The petrol and diesel prices across the country continued their northward march taking its retail rates to unprecedented levels and burning bigger holes in the consumer’s pockets. The electric vehicle as an option weighs heavy.

Although the fact that EVs are priced significantly higher than the vehicles running on fuel have kept people away from them. But once the infrastructure is in place, the cost really comes down to the electricity unit price, which is much lower than the fuel rates. No matter what the price of crude oil is around the world, in India, the average fuel rates have always remained at ₹70 and ₹80 per litre for diesel and petrol, respectively.

Under the bare minimum conditions, the math becomes even clearer — unit price of electricity multiplied by battery size is equivalent to the cost of running an EV. This also eradicates high fuel costs and provides cheaper maintenance and tax. Electric vehicles also hold their value for longer compared to fuel vehicles, according to a Europe based firm study.

 

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