The automotive industry in India is one of the largest in the whole world, along these lines it is made out of a couple of best worldwide makers and a few retailers. The producers continue fabricating the new models with refreshed innovation, while the retail market features players who deal in both new and used vehicles.
In the course of the most recent couple of years, the used vehicle market has shown a huge development in India. The pre-claimed vehicle market is developing at a pace of 15% per year.
With the expanding populace of vehicles being used, there is potential for the used vehicle market to additionally twofold in size in the coming years. As the used vehicle business has been one brilliant spot in a slow growing automotive industry over the most recent couple of years.
Shriram Automall the Largest Acquisition and Disposal Platform for Used Vehicle and Equipment in India saw an obvious development popular for used vehicles in the nation as, the race to purchase diesel automotives a couple of years back with the costs of petroleum being pegged to the open markets and afterward customers demand to purchase used over new prompted a development in the used vehicle volumes.