Second to None

The used car market in India is disrupting the auto industry, already vrooming ahead of new car sales

Illustration: Kishore Das

It’s raining cars in India. Does this sound crazy? Maybe a little, since managements at India’s top passenger car companies are spending sleepless nights over the dearth of customers. Even as they may have cause for concern, there is a sub-segment in passenger cars that is worry free and booming. While the new car market is struggling, the used car market registered a handsome 15% growth in FY19 (See: Fast track). So, let’s correct that opening statement. It’s raining ‘used’ cars in India.