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.
Second to None
The used car market in India is disrupting the auto industry, already vrooming ahead of new car sales
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