CEOs also attribute this shift to premium cars, bikes, laptops and smartphones to higher disposable income with consumers who don't have too many avenues to spend on such as eating out, holidays and travel. They said this shift will continue at this pace with salaries restored or hiked, while spending avenues remain limited.
from Industry-Economic Times
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Pandemic fuels India's premium drive, share of pricier cars, phones & appliances in total sales double