Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto
Baua Electric
MAY 24, 2024
With technology and digitisation, easing of documentation and transactions, the structure of the market is growing. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%. Mahindra FirstChoice enables used car sales through inspections before it goes for financing. This year the share is about 24%-25%.
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