Used Car

Tata Motors bets big on used car business

Used car business next big bet of Tata Motors Tata Motors is planning to scale up its used car business this year replicating the strategy of Maruti Suzuki and Mahindra & Mahindra’s pre-owned business, but will not have a separate chain for the segment. The company is running a pilot programme in several locations and is in the process of identifying markets where pre-owned cars ... Read More »

Used car platform Truebil raises ₹100 crore

Omni-channel platform for buying and selling used cars Truebil has raised ₹100 crore in Series B round through a mix of equity and debt. With this round, the total funds raised by Truebil stands at ₹160 crore. The latest round was led by leading Japanese investor Joe Hirao, founder of Tokyo-based classified website ZIGExN. Existing investors Kalari, Inventus, Kae, Shunwei, and Tekton ... Read More »

Virtual dealership promises no used car salesmen

Trevor Bergmann, left, chose a car on the Clutch virtual dealership website, and a Clutch ‘concierge’ delivered it to his workplace for a test drive. (Patrick Callaghan/CBC News) When Trevor Bergmann of Halifax went looking for a second-hand car, he decided to check out a brand new way to shop for one. “My partner Jennifer found a vehicle online — it ... Read More »

Used car imports jolted as govt revives restrictions

KARACHI: The Ministry of Commerce (MoC) has revived a condition for used car imports that proved controversial last time it was introduced. The condition is that payment of duties and taxes for all car imports be made in foreign exchange to be directly remitted from abroad by the person importing the vehicle. Most used cars are imported in Pakistan under ... Read More »

Market for used cars shifts as sterling rates drive UK imports

Kieran Whelton with some of his UK imported secondhand cars at his car dealership in Knock, Co Mayo. Photograph: Keith Heneghan Share to FacebookShare to TwitterShare to Email AppShare to LinkedIn For the Irish motor trade, the market is as much about currency rates as cars. Dealers watch the latest forex market as closely as the IFSC currency traders. Kieran ... Read More »

How CARS24 is shaking up the used car industry in India through technology innovation

The used car market in India is growing at a phenomenal pace and due to shorter car ownership periods, price value quotient, penetration in smaller towns, demand for used luxury cars, and reduced customer anxiety towards pre-owned car segment, it is turning out to be bigger than the new car market As per the data by SIAM released in 2018, ... Read More »

How to Buy a Used Car?

People buy a new car every five years depending on the area they live in. Some states have certain benefits when buying a new car. For example, in Germany everyone is driving new cars they are just paying monthly for it. When you think about used cars, that can be a car that was driven one day, but the price ... Read More »

Maruti Suzuki ready with its 1.5-litre diesel engine

– 1.5 diesel might debut in the Ciaz – 1.3 DDiS engine to be phased out soon Maruti is right on track with its 1.5-litre diesel engine that will replace the ageing 1.3-litre DDiS unit by 2020. The engine is most likely to debut in the Ciaz and then make its way into the other models. As of today there ... Read More »

BMW and Porsche introduces three-minute fast charging for EVs

–    BMW and Porsche along with Allego, Phoenix-Contact, and Siemens launched “FastCharge” in Germany. –    Is capable of fast charging in less than three minutes with its capacity of 450kW. BMW and Porsche along with industrial companies have launched a “FastCharge” in Jettingen-Scheppach, Bavaria. This ultra-fast charging facility is capable of charging a capacity of 450kW (more than ... Read More »

Online Used Car Marketplace Cars24 Raises $49.7 Mn

• The funding has been raised from Sequoia Capital India, Kingsway FCI Fund, and KCK Global • The startup’s valuation is expected to be $250 Mn • Cars24 currently has more than 50 branches across 10 major cities in India Gurugram-based online used car marketplace Cars24 raised $49.7 Mn (INR 340 Cr) from Sequoia Capital India, with the participation of some existing ... Read More »