Mahindra First Choice Wheels: India's used car market is growing at 15 per cent
Non-metros account for 55 per cent of the total used car volume while the northern region accounts for majority (36 per cent) sales
Mahindra First Choice Wheels, the multi-brand pre-owned vehicle arm of Mahindra and Mahindra, has released the 'India Pre-Owned Car Market Report'. It is a first of its kind study which analyses the used car market in India and also compares it to that of the United States and China. Additionally, the study provides varied details pertaining to the scale and structure of the India pre-owned car market.
As per the findings of the study, India is likely to become one of the top five global automotive markets by 2020. The 3.3 million pre-owned...
The company, which has been running a pilot in six top cities in the country with around 30 outlets, is now accelerating the business under 'OLX Cash My Car' chain in partnership with Berlin-based Frontier Car Group (FCG).
With India’s used car market estimated to double by FY2025, Volkswagen India sees scope for growth in smaller cities.