Pre-owned vehicle market in India likely to reach 8.2 million units by FY26: Report
Pre-owned vehicle market in India is expected to reach 8.2 million units by FY'26 from around 4 million units in the financial year ended March 2021, driven by higher demand from smaller cities coupled with increasing new vehicle prices and customers' changing preferences, a report said on Friday.
The market size is expected to grow to USD 70.8 billion by 2030 at a Compounded Annual Growth Rate of 14.8 per cent between 2021 and 2030. Pic: Reuters