Market Share of India Used Car Industry
Due to their business models and increased number of pre-owned car retail outlets, significant players hold the largest market share in India's used car market. OLX, Mahindra First Choice Wheels, CARS24, Maruti True Value, and Hyundai H Promise are among the major players. To maintain their market position, these companies are pursuing a variety of growth strategies. For instance,
- In August 2021, Audi India announced its plan to expand Audi Approved Plus showrooms from 7 to 14 by the end of 2021, which will back up pre-owned sales, along with the 40-plus workshops countrywide
India Used Car Market Leaders
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Cars24
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Maruti True Value
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Mahindra First Choice Wheels
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OLX
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Hyundai H Promise
*Disclaimer: Major Players sorted in no particular order
