Cars News

The Mahindra XUV700 and Scorpio have received an overwhelming market response and the increase in sales has helped Mahindra in registering the highest revenue market share in the SUV space.

The 2022 Indian Blue Book (IBB) Report on the used car industry in India is confident that the share of organised used car market will grow to 45 per cent by FY 2027 from current 20 per cent.

Most of us expected Mahindra to swiftly launch EVs, with Tata going great guns with its EV range. But Mahindra had other plans. Rajesh Jejurikar, Executive Director, Auto & Farms, Mahindra & Mahindra explains the delay in the launch of the Mahindra XUV400 EV.

While the used car market in India witnessing a purple patch and is set for significant growth, there are a few issues that are plaguing the market in India. We take a look at the issues plaguing the used car market in India.

While Emil Lindholm and co-driver Reeta Hamalainen in their Skoda Fabia Evo remained unchallenged the entire weekend to secure back-to-back victories in WRC2, current championship leader Andreas Mikkelsen and co-driver Torstein Eriksen finished 7th.

The carmaker recently announced prices for the compact sedan for the Mexican market.

In FY2021-22, India's used car business, which has been valued at $23 billion, is expected to grow and expand at a CAGR of 19.5 per cent. The market will grow 12.7% in volume.

The 2022 Indian Blue Book Report says that sales of used cars in India will surpass 8 million units by FY2027. The total used car sales in India in FY2021-22 was 4.4 million units.