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87 Percent Indians Choose Petrol-Powered Cars This Festive Season: CARS24 Report

OutlookIndia · 1y

AutoTech start-up, CARS24 reported an 88% increase in the sale of used cars across India during the festive season compared to last year. The company also noted a rise in the participation of millennials in car ownership, indicating a preference for affordable and value-driven choices. The DriveTime Quarterly report by CARS24 highlighted key trends and factors driving automobile decisions in India, with Bengaluru recording the highest car sales during the festive season. Additionally, the report revealed a surge in innovative methods for selling used cars and a rise in loan disbursements for younger professionals.