New Delhi, April 30 (IANS) India’s used-car market is projected to reach around $70 billion by FY31, nearly doubling from about $35 billion in FY26, because of rising affordability, shorter replacement cycles, and increasing formalisation of transactions, according to a report on Thursday.The report by Redseer Strategy Consultants said India is currently the fifth-largest used-car market globally and is expected to become the third-largest by the end of the decade, behind the US and China.Moreov…
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