used cars

Pre-owned car market expected to touch 1.09 cr units by FY28: Report

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Pre-owned car market expected to touch 1.09 cr units by FY28: Report

India’s pre-owned cars sales market is expected to reach 1.09 crore units with value more than doubling to USD 73 billion by FY28, according to the latest Indian Blue Book (IBB) report. In FY23, the pre-owned cars sales in India stood at about 51 lakh units. The domestic used car industry was valued at USD … Read more

A mini industry spawns under the hood of a booming car market

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A mini industry spawns under the hood of a booming car market

Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the last calendar year, an … Read more