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’. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%. Second, it provides a B2B auction platform for dealers called EDIC. Currently, the market stands at 5.1 million units. So that is driving the selling price in the market.
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