How big is the second hand car market in India?
According to Custom Market Insights (CMI), The India Used Car Market(https://www. India Used Car-market/) size was estimated at USD 32. Billion in 2022 and is expected to hit around USD 138. Billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 17. The used car market grew to over two million transactions in Q3 with second-hand EVs enjoying record uptake. That is according to new data from the SMMT which has reported 2,021,265 used car sales in the three months to the end of September.The market volume of used cars in India has surpassed five million units in the financial year 2023.INDIANS INFINANCE A lookatstate-wise proportion of households who own a car Car Ownership in INDIA PERCENT Ladakh 23. Jammu ndKashmir 23. HimachalPradesh 22. Scale Uttarakhand 12. Rajasthan 8. Arunachal Pradesh Sikkim 20. Pradesh 5. Bihar 2. Assam 8. Madhya Pradesh Nagaland .
How large is the used car market?
The global used car market size was estimated at USD 1. USD 1. USD 3. CAGR of 6. The India used car market stands at USD 36. USD 73. North India holds 36. Battery-electric vehicles have a 35. CAGR outlook, even though petrol cars still dominate volumes.
Which is the no. India?
Tata Harrier / Tata Safari. The Tata Harrier and Safari duo set the gold standard for homegrown SUV safety. With a robust build, 5-star Global NCAP crash rating, and all the safety bells and whistles, these twins protect like no other SUV for Indian families. The safest cars in India, as per Global NCAP ratings, include Tata Harrier, Tata Safari, Volkswagen Virtus, Skoda Slavia, Skoda Kushaq, Volkswagen Taigun, and Hyundai Verna, all boasting 5-star ratings. These vehicles offer top-tier safety features like six airbags, ESP, ABS, and hill assist.Tata Nexon, Hyundai Creta, Skoda Slavia, and Volkswagen Virtus are all 5-star Global or ASEAN NCAP-rated, making them the safest choices under ₹15 lakh.According to Global NCAP ratings, Maruti Suzuki Eeco, Maruti Suzuki S-Presso, Hyundai Grand i10 Nios, Maruti Suzuki Alto K10, Renault Kwid, Maruti Suzuki Wagon R, and Maruti Suzuki Swift are the least safe cars in India.The lot safest cars in India includes Tata Safari, Tata Harrier, Tata Nexon, Tata Punch, Tata Punch EV, Tata Nexon EV, Tata Altroz, Volkswagen Taigun, Volkswagen Virtus, Skoda Kushaq, Skoda Slavia, Mahindra XUV700, Mahindra Scorpio N, and Hyundai Verna.