India's second-hand car market: Poised to cross 6 million...

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India's second-hand car market: Poised to cross 6 million sales; over twice as fast as new cars

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India's used car market is booming, projected to exceed 6 million sales this fiscal year, driven by value-conscious buyers and digital adoption. This surge has pushed the used-to-new car sales ratio to 1.4, indicating a significant shift. While profitability remains a challenge for organized players due to high operating costs, they are expected to achieve operating breakeven soon.

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