What's driving India's used car boom | Kushal Bhatnagar, Redseer Strategy Consultants| Autocar India

Опубликовано 20 мая 2026, 10:30

India's used-car market is on course to hit USD 68-78 billion by FY31, growing at 14-18% a year and becoming the third-largest in the world, according to a new Redseer Strategy Consultants report. But roughly 80% of the market still runs through unorganised channels, and only about 40% of buyers would recommend their own purchase — a trust deficit that has long defined how India buys second-hand cars.

In this video, we break down how shorter ownership cycles, rising incomes, easier financing is now driving the boom in this segment. Full-stack players, who handle sourcing, refurbishment and resale end-to-end, are emerging as the pre-owned vehicle buyers trust most, scoring far higher on confidence than traditional dealers. We also look at the road ahead, if the trust gap closes, 3-5 million extra used cars could change hands in FY31 alone.

SUBSCRIBE to Autocar India for the hottest automotive news and the most comprehensive reviews ► bit.ly/AutocarInd

Autocar India is your one-stop source for test drive reviews & comparison tests of every new car and motorcycle launched in India. We also offer a great mix of other automotive content, including weekly news, motor show reports, travelogues and other special features.

Website: autocarindia.com
Facebook: facebook.com/autocarindiamag
Instagram: instagram.com/autocar_india
Twitter: twitter.com/autocarindiamag

New car reviews ►bit.ly/ACI-NewCarReviews

Comparison tests ►bit.ly/ACI-Comparison

New bike reviews ►bit.ly/ACI-BikeReviews

Features ►bit.ly/ACI-Features