Used Cars

Delhi HC raps state government on lax regulation of pre-owned car sales

The High Court raised concerns over weak regulation of used vehicle sales, noting that a car involved in the Red Fort blast passed through multiple dealers while its registration remained unchanged

Draft rules to be notified making dealer liable once vehicle is sold

once a car is handed over with due intimation, the dealer would be deemed the owner and held liable for any incidents during possession, According to the draft rules

India's top used-car startups line up for IPOs worth over $1 billion

Three Unicorn startups - CARS24 Services Pvt., CarDekho and Spinny - that buy and sell pre-owned vehicles are in early talks with bankers to assess investor appetite

Spinny cuts used car prices ahead of GST change, up to ₹2 lakh off

Spinny has reduced used car prices ahead of GST reforms from September 22, offering buyers up to Rs 2 lakh savings and sellers up to Rs 20,000 higher resale benefit

Should you cancel car loan you just took for GST benefit: experts weigh in

The recent GST rate cut on cars can save you up to ₹1.5 lakh, but timing and paperwork matter, says expert

After buying a second-hand car, this is how you transfer insurance policy

There is a deadline to complete the process and could lead to legal issues if it's not followed, say experts

Buying a second-hand car? Why insurance transfer is crucial for buyer

'Failing to transfer insurance can lead to claim rejection, fines and even legal action', warn experts.

Used-car sales to expand 8-10% in FY26, outpace new vehicles: Crisil

The used-to-new car sales ratio has increased to 1.4 from less than 1 five years ago. The market value of these used cars is estimated to be around Rs 4 trillion, nearly matching that of new car sales

Used-car sales grow twice as fast as new ones: A buyer's advantage in 2025

The sales volume of used cars in India is expected to cross 6 million units this fiscal driven by value-conscious demand, rising digital adoption and better access to finance.

Trust deficit drives first-time car buyers to new models, says new study

Most first-time car buyers last year preferred new over used cars, citing mistrust in the used market. Many feel used car prices are inflated, sometimes matching or exceeding new car costs

GST on old used cars only when sale price higher than depreciated value

A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the vehicle, sources said. The GST Council in its meeting last week decided to prescribe a single rate of 18 per cent on sale of all old and used vehicles including EVs, earlier leviable at different rates. If an individual sells old and used car to another individual, GST would not be applicable. Sources said where the registered person has claimed depreciation under Section 32 of the Income Tax Act 1961, GST is payable only on the value representing the margin of the supplier, that is the difference between consideration received for the supply of such goods and the depreciated value of such goods on the date of supply. "Where such margin is negative, no GST is payable," a source said. For example, if a registered person is selling an old and used vehicle to any person at Rs 10 lakh, whe

Zoomcar launches first fulfilment centre in Chennai, plans 100 more in 2024

Self-drive car-sharing platform Zoomcar on Friday said it has launched its first fulfilment centre in Chennai and plans to add more than 100 such centres this year. As part of the expansion, the company said, it is also looking to add 1,000 new cars on the platform by December this year. Operated by a third-party operator, such facilities manage end-to-end operations of car listings on behalf of the hosts who want to earn by sharing their cars but find it challenging to do it themselves, Zoomcar said. The company said leveraging its over decade-old experience in the car sharing business, it helps these fulfilment centres by providing services to guests. Hosts pay a nominal fee to get an array of services from these centres like managing their car, regular cleanliness, safe and secure parking space at top locations in hot spots, delivery and pick up of cars to customers and service centres, among others. Cars managed through the fulfillment center are tagged as "Assured by Zoomcar"

India's used car market size to touch $100 bn mark by 2034: CARS4's Chopra

Indian used car market is expected to touch the USD 100 billion-mark in the next ten years on the back of rising disposable incomes and a growing middle class, according to CARS24 Co-Founder and CEO Vikram Chopra. As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars. "According to our internal study, the anticipated growth of the Indian used car market is set to occur at a 15 per cent CAGR, increasing from USD 25 billion in 2023 to USD 100 billion by 2034," Chopra told PTI in an interaction. The growth trajectory is propelled by various factors unique to the Indian market, including urbanisation and a growing middle class, which is changing consumer preferences and boosting the demand for affordable mobility solutions, he added. Chopra noted that when CARS24 began its journey eight years ago, the used car market size stood at around USD 10-15 billion. "I think,

Maruti Suzuki True Value crosses 5 million units sales of pre-owned cars

Maruti Suzuki India on Wednesday said its pre-owned car business has crossed 50 lakh-unit sales milestone since inception. The company had introduced its pre-owned car brand, Maruti Suzuki True Value in 2001. "With the successful completion of 22 years in the industry, India's most trusted pre-owned car brand, Maruti Suzuki True Value has established itself as the preferred choice of 50 lakh happy customers," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Shashank Srivastava said in a statement. True Value is currently present in more than 281 cities and operates from over 560 outlets pan-India.

Online used-car marketplace Shift Technologies lays off 30% of workforce

US-based online marketplace for buying and selling used cars Shift Technologies has reduced its workforce by 30 per cent

BMW, Audi and Mercedes most preferred luxury car brands among young Indians

India's used-luxury-car market is growing 20% annually, with sales volume averaging more than 60,000 units a year, according to Spinny

Authorisation certificates for car dealers introduced to check malpractices

The Ministry of Road Transport and Highways (MoRTH) has introduced authorization certificates for the dealers of registered vehicles to identify the authenticity of a dealer, a move that will promote ease of doing business and transparency. MoRTH in a notification issued on December 22, has amended chapter III of the Central Motor Vehicle Rules, 1989 to build a comprehensive regulatory ecosystem for the pre-owned car market. According to the notification, the procedure for intimation of delivery of vehicle between the registered owner and the dealer has been detailed, and the powers and responsibilities of a dealer in possession of registered vehicles have also been clarified. The pre-owned car market in India has been gradually gaining ground. In recent years, the advent of online marketplaces, which are involved in buying and selling of pre-owned vehicles has further given a boost to this market. In the current ecosystem, many issues were being faced viz. during transfer of vehic

SoftBank-backed Cars24 eyes small towns to sell used cars in India

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

Kia India forays into certified pre-owned car biz; plans 30 sales outlets

Automaker Kia India on Tuesday said it has commenced certified pre-owned business in the country with a plan to have 30 sales outlets by the end of the year. The company said its certified pre-owned car business 'Kia CPO' intends to provide a new age experience to customers, in line with new car buying experience, that will allow them to sell, buy or exchange pre-owned cars, backed by ownership transfers and customised finance options. "With Kia CPO, we want to rewrite the rules of the game for the pre-owned car market. Currently, Indian customers have limited access to certified and verified information when it comes to the pre-owned car segment and we intend to change this notion with our entry into the business," Kia India Chief Sales Officer Myung-sik Sohn said in a statement. The company's proactive approach of starting CPO business at such an early stage of its existence in the country will ensure that all systems and processes are in place even before the first lot of product

TMS Ep311: India's FDI Inflows, Second-hand Car, Auto Stocks, India Stack

What's behind the fall in India's FDI inflows? Why is the second-hand car market running in top gear? Will the rally in auto stocks pause after the festive boost? What is India Stack? All answers here