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India's used-car volume to grow 8-10% in 2025-26, over twice as fast as new cars: Crisil

  • India's used-car volume is projected to grow 8-10% in 2025-26, outpacing new car sales, driven by rising consumer confidence and digital adoption.
  • The used car market in India has shown a shift with a used-to-new car sales ratio of 1.4, up from less than 1 five years ago, with estimated market value at around ₹4 lakh crore.
  • Organised players in the used car segment are facing high operational costs but are expected to reach breakeven at the operating profit level over the next fiscal periods.
  • Improving access to vehicle finance and integrated service offerings are likely to support the growth of the used car market in India, despite profitability challenges for many players.

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