Market Overview: India Second Hand Car Market FY2025-2030

This reports provides an essential and dependable overview of the India Second Hand Car Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

India Second Hand Car Market Report Coverage Details:

• Base Year: 2024
• Historical Data: 2020-23
• Forecast Period: 2025-2030
• CAGR: 14.87% (2025-2030)

India Second Hand Car Market size is valued at around USD 35.1 billion in 2024 and is anticipated to reach around USD 68.32 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.87% during the forecast period, i.e., 2025-30.

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India Second Hand Car Market Opportunity:

Emerging Market in Tier II/Tier III Cities – With rapid urbanization in the Tier II and Tier III cities in India, there has been an increased demand for personal modes of transport which offers high growth potential for the second-hand car industry. To tap into this expanding market and capture the growing customer base, the operations need to be expanded in the form of local dealerships, more online channels, and service centers to cater to the needs of the customers. The opportunity can also be grabbed by developing unique strategies to cater preferences of customers from specific regions, providing services like customization based on regional needs. Thus, increasing demand from tier II and tier III cities is providing ample growth opportunities for the top companies operating in the second-hand car industry in the country.

India Second Hand Car Market Segmentation Analysis – FY2025-2030

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the India Second Hand Car Market (2025-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The India Second Hand Car Market segmentation is enlisted below:

By Vehicle Type

• • Hatchbacks -Market Size & Forecast 2020-2030F, Units Sold (Thousand)
  • Sedans-Market Size & Forecast 2020-2030F, Units Sold (Thousand)
  • SUVs-Market Size & Forecast 2020-2030F, Units Sold (Thousand)

By Propulsion Type

• • ICE-Market Size & Forecast 2020-2030F, Units Sold (Thousand)
    1. Petrol-Market Size & Forecast 2020-2030F, Units Sold (Thousand)
    2. Diesel-Market Size & Forecast 2020-2030F, Units Sold (Thousand)
    3. Others (CNG, LPG, etc.) -Market Size & Forecast 2020-2030F, Units Sold (Thousand)
  • Electric-Market Size & Forecast 2020-2030F, Units Sold (Thousand)

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By Sales channel

• • Online-Market Size & Forecast 2020-2030F, Units Sold (Thousand)
  • Offline-Market Size & Forecast 2020-2030F, Units Sold (Thousand)

By Region

• • North

• • East
  • West
  • South

India Second Hand Car Market Competitive Landscape

Cars24 Services Private Limited, Maruti Suzuki True Value (Maruti Suzuki India Limited), Mahindra First Choice Wheels Limited, Hyundai Motor India, Honda Cars India Limited, Ford Assured (Ford Motor Company), Toyota U Trust, Big Boy Toyz, BMW AG, Audi Approved Plus, CarTrade Tech Limited, Droom Technology Pvt Ltd. and others.

 

India Second Hand Car Industry News:

• August 2024: Cars24 Services Private Limited introduced a new function for their application called “Cars24 AI Inspection” which uses artificial intelligence to assess used card conditions to decrease human error and produce more accurate appraisals.

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Key Report Highlights   

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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