Business Standard

Used car trade could rev up auto revival as consumer turns budget-conscious

Bookings, sales perk up for hatchbacks, cars between Rs 4 lakh and Rs 6 lakh

automobile, auto sector, traffic, cars, vehicle

Commuters stuck in traffic jam on their way to Mumbai after lockdown in the wake of coronavirus pandemic. Photo: PTI

Pavan Lall Mumbai
Mahindra First Choice Wheels (MFCW), the country’s largest multibrand used car platform, has seen sales decrease by around 50 per cent over the last two months. However, the good news is that bookings are still happening with orders being executed, post the coronavirus-led lockdown. 

Ashutosh Pandey, chief executive officer (CEO) at MFCW, says that the decline in shared taxi operations has led to growing inquiries for smaller and used cars on its platform. 

It’s not just window-shopping. MFCW has seen 1,500 bookings being executed in the last two months for cars that would likely be used for short-haul drives and

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First Published: May 22 2020 | 3:22 PM IST

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