← Latest news 
India used car market set to double to 70 billion by 2031 report reveals drivers
Automobile
Published on 30 April 2026
Affordability and faster resale cycles are fueling growth
India’s used car market is expected to nearly double to around $70 billion by 2031 from about $35 billion today, a Redseer Strategy Consultants report says. Growth is being powered by greater affordability, shorter ownership cycles and rising buyer demand as more customers look for value without sacrificing mobility.
- Used car market projected to rise to about $70 billion by 2031
- Market expected to grow from roughly $35 billion today
- Affordability is a key driver of demand
- Shorter ownership cycles are accelerating turnover
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times