News From Press Are SIPs ‘really’ responsible for lack of luxury car sales?

Are SIPs ‘really’ responsible for lack of luxury car sales?

Source: Mint Dec 1, 2022

In a recent interview to The Times of India, Santosh Iyer, who will take over as the CEO and MD of Mercedes-Benz India in January, said that customers are postponing buying luxury cars because they want to continue investing through systematic investment plans (SIPs). SIPs are a regular way of investing in mutual funds (MFs), particularly equity MFs.

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