Manesar Anniversary Event - 13th August 2014

India’s pre-owned luxury cars pick up pace

These days, Indian car market is flooded with various new launches. Every brand is looking at enhancing its investment to come out with at least 2-3 new cars every year. But the irony is; the industry is struggling hard to get new car buyers on board. Whereas, if we take a look at the used cars in India; the situation is quite different and positive as well. In fact, the pre-owned luxury cars segment is showcasing a significant growth potential. It is also witnessing complete organization and transparency with the onset of this trend.

Now the question arises; what are the key drivers behind pre-owned cars sales, gaining momentum in India?

Rising income of people is pushing them more towards the pre-owned luxury cars. Their aspirations are touching sky in order to create better standard of living. And, an aspiring luxurious pocket is a perfect combination to carry out the purchase of a second hand luxury car.

If you are hunting for a pre-owned car, then we recommend a full stop to your search at Shriram Automall India Limited (SAMIL). As India’s most transparent and trusted bidding platform for pre-owned vehicles and equipment, the company offers best of brands in the market.

“As the pre-owned luxury cars segment is expected to undergo a substantial growth in near future, we aim at offering the best of services through our innovative bidding platforms.” – Mr. Sameer Malhotra, CEO of SAMIL.

Trucks, still eyeing at a pick-up in sales

We all know that the commercial vehicles market is standing a little before its lucrative phase due to not-so-effective sales figures; but what goes behind such a scenario?

used trucks

Reason

·         Poor demand from mining and infrastructure

·         Government is quite reluctant in taking off old trucks from road

What is needed?

·         A turnaround in the economy

Modernisation in fleet.