Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto
Baua Electric
MAY 24, 2024
In India, buying a pre-owned vehicle is no longer considered a ‘compromise’. This includes OEM initiatives like Maruti True Value, Mahindra FirstChoice, Hyundai H Promise, Volkswagen Das WeltAuto, and startups like Spinny, Cars24 etc. About 7 years ago, the organized sector comprised 10%-12% of the overall used car market.
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