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’. Predictably, the petrol segment continues to dominate the market The used car industry is generally three to five years behind the trends in the new car market. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%. million units.
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