As more and more people look at used cars in the wake of the exorbitant new car prices, the prices of used cars in India seem to exceed in speed than the period rise in new car prices. This is despite the fact that interest rates on funding availed for used cars is often much higher than what is availed for new cars. 

Despite the used car interest rates above 12-13 percent as compared to new car interest rates, which are in the region of six to seven percent, many used car buyers of vehicle that are less than four years of age are opting for finance as they find these vehicles of better value, mentioned an industry source. 

They seem to be less deterred by the fact that used car prices are rising faster than the new car prices owing to the fact that there is more demand than supply in the case of some of the fast-moving models, he added 

With the festive season a month or two away, automakers are busy working on new, exciting cars and SUVs. They are unveiling them in the run up to a commercial launch around Dusshera. 

Another round of price hike is expected at that time in the case of new cars, the source claimed. It is usually the third quarter when the automotive market experiences good traction, he informed. 

On the used car front, monsoon is a dull season followed by an exciting festive season. What is however surprising is the amount of price movement in the used car market in the monsoon season. There is a good deal of volatility in the used car market, mentioned an owner of a used car showroom in Mumbai. 

Good cars bought just before Covid-19 or after it are starting to visit the used car market but their supply – that of some models – is far less than the demand. This is leading to higher asking rates for them at used car outlets. The ripple effect is, cars in the same segments or even others see a demand and hence a price increase as buyers turn their attention to them, he explained. 

If the Volkswagen Polo GT TSI is maintaining its price in the used car market closer to the new car price, consider the 2019 petrol Polo on sale at a used car dealership in central region of Mumbai. At a dealer with good capital investment and years of experience in this business, albeit at the unorganised end of the market, the respective car with about 39,000 km on the odometer is priced at INR 550,000. 

A 2019 petrol Polo with the same colour and the same trim level is priced at INR 500,000 with a used car dealer in Than. It is run 27,000 km and is also a first owner vehicle.

The trend indicates market volatility and also highlights the unorganised nature of the used car market. Prices here are subject to what is available in the market in what quantities and how or what kind of demand there is for those models in the market. 

In the last few weeks, I have observed that the used car market has steadily move up in terms of the prices of cars it sells. It seems to rise faster than the prices of new cars are rising at this moment in time. 

For those who seek their first set of wheels are keen to polish their driving skills, there are hardly any cars that cost less than INR 100,000. Those that are available are either third or fourth owner ones. They come across as either abused or on an extended lease of life post the fifteen-year period. In Delhi NCR, the rule that petrol cars of more than 15 years of age and diesel cars of more than 10 years of age cannot ply in the respective region means used car prices are higher. The balancing bit is the total car parc in that region. 

Citing the example of a first owner 2009 Toyota Corolla Altis with about 120,000 km on the odometer priced at roughly INR 160,000 with a dealer in a Mumbai suburb, a source aware of how the automotive market functions, showed the same being advertised by another used car dealer in the same suburb at INR 225,000! How can a price rise of the same car rise like this in a week’s time? he questioned. 

Terming such developments and the high prices quoted by organised players such as CARS24 or Spinny for the cars that offer an indication of demand outpacing supply, the source mentioned that there is an amount of volatility in the market and it would serve to look for a good car, get it checked thoroughly and exercise a lot of patience to get a good deal. 

Referring to reports by some organised players in the used car market stating that the first quarter of the current fiscal has seen good traction as salaried professionals in bigger and smaller cities turn to used cars after getting a bonus or an increment, the source averred that they ought to be careful when making such a purchase. 

A limited information about a car on the used car market or the lack of transparency of the dealer offering it, are some the big risks involved, he quipped. Irrespective of whether the used car outlet belongs to an organised player or is a stand-alone unorganised enterprise, the risk of buying a used car pertains to the credibility of such a business, how sincere the dealer is in stating information about the car, its papers and service history. In the case of high value purchases, many buyers are known to arrange for a check-up with the dealership to get a good idea about the ‘real’ condition of the vehicle at a certain fee. 

But at the lower price band of the used car market, such a facility is often not available. While entities like Zekardo offer new car inspection and report in view of the investment being made, there is none who could di the same in the used car market. 

With prices moving up smartly – a 2006 WagonR of good condition is priced at INR 140,000 by a dealer in Mumbai – in the used car market in India even for cars that are over 15 years old and leading their first, second or even third ‘green tax extension, the market does look to be quite volatile and overpriced. 

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Toyota Kirloskar Motor (TKM) has marked 20 years of the Innova SUV in India, with cumulative sales of over 1.2 million units across the Innova, Innova Crysta and Innova HyCross models.

Launched in 2005, the Innova set a new benchmark in the MPV segment with its combination of ride comfort, spacious interiors, durable build and advanced safety features. The Innova Crysta followed in 2016 with a new design, more powerful engines and premium features, while the 2022 Innova HyCross introduced self-charging hybrid technology, delivering 186 PS of combined output and segment-leading fuel efficiency. The HyCross has sold 100,000 units in India since its launch.

Varinder Wadhwa, Vice-President – Sales, Service and Used Car Business, Toyota Kirloskar Motor, said, “The Toyota Innova has built a deep emotional bond with customers over the last two decades – trusted as a dependable companion for families, loved by all for its comfort and reliability and chosen time and again across generations. Whether for daily commutes or memorable road trips, the Innova has remained a part of countless personal journeys. Beyond its emotional connect, the Innova stands strong as a product benchmark – offering spacious interiors, robust build quality and smooth drivability, making it one of the most trusted and loved MPVs in India.”

Toyota attributed the Innova’s sustained popularity to its comfort, practicality, and adaptability, supported by customer-focused enhancements and the company’s after-sales ecosystem, T CARE, which offers services from quick delivery to value-added protection and transparent maintenance.

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Tata Motors, one of India’s leading SUV manufacturers, has unveiled the all-new Adventure X Persona variants for the Tata Harrier and Tata Safari SUVs.

The new variant now equips the Harrier and Safari Adventure Persona with many segment-first ADAS features such as Adaptive Cruise Control (AT), 360deg HD Surround View, Trail Hold EPB with Auto Hold, Trail Response Modes (Normal, Rough, Wet), a Land Rover-derived Command Shifter (AT), along with segment-leading features such as the Ergo Lux Driver Seat with Memory & Welcome function, a 26.03 cm Ultra-View Twin Screen System, Trail Sense Auto Headlamps, Aqua Sense Wipers and Multi Drive Modes (City, Sport, Eco). 

The persona edition starts at INR 1.89 million for the Harrier Adventure X and INR 1.99 million for the Safari Adventure X+ variants.

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd, said, "The Harrier and Safari have always stood for more than just mobility – they represent status, purpose, and a deep-rooted desire for an adventurous lifestyle. With the introduction of the Adventure X persona, we’ve modernised these icons for a new era – one that champions individuality, precision-crafted design, and intelligent capability – all while offering more value per car. Designed for those who seek authenticity, capability and expression in equal measure, the Adventure X is positioned at a compelling price point in the segment, offering class leading features. Furthermore, with this new persona, we have also reimagined the Harrier and Safari line completely, making the range more intuitive, streamlined and value-rich than ever before in the high SUV space.”

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Audi has introduced an enhanced warranty and roadside assistance programme in India, providing customers with extended protection and support. The luxury automaker now offers a 10-year extended warranty option, complementing its standard manufacturer’s warranty. This optional coverage safeguards against manufacturing defects for vehicles up to a decade old, with mileage protection extending to 200,000 kilometres. Customers can choose between one or two-year extensions with terms matching the original warranty. The programme is available for all Audi models and can be purchased either at the time of new vehicle delivery or before the existing warranty expires.

Alongside the warranty extension, Audi has expanded its roadside assistance programme to 15 years, delivering round-the-clock emergency support across India’s national and state highways, as well as other motorable roads. Services include towing, technical assistance for minor issues, fuel delivery, battery boosts, tyre repair and lockout support. Premium features such as hotel accommodations for prolonged repairs, vehicle safekeeping and dedicated customer updates further enhance the offering. Pricing for roadside assistance starts at INR 3,999, with options tailored to different vehicle ages and coverage durations.

Both new and existing Audi customers can benefit from these programmes, with current owners eligible to upgrade based on their vehicle’s age and warranty status. This initiative underscores Audi’s commitment to delivering superior ownership experiences in India’s luxury automotive market.

Balbir Singh Dhillon, Head of Audi India, said, “At Audi India, we believe that our relationship with customers extends far beyond the point of purchase. Our extended warranty and Audi Roadside Assistance Programme is an extension of our unwavering commitment to customer satisfaction and establish new industry standards for luxury automotive service in India. With a 10-year extended warranty and 15-year roadside assistance, we intend to offer our customers an unparalleled peace of mind, knowing that support is always available.”

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Japanese automaker Suzuki Motor Corporation has announced that its popular hatchback the ‘Wagon R’ series has achieved a new sales milestone.

First introduced in September 1993 in Japan, the Wagon R has now crossed cumulative global sales of 10 million units by June 2025. The milestone was achieved 31 years and 9 months after the first launch.

The Wagon R was originally developed as a semi-bonnet style mini wagon, designed with rider comfort and ease of use in mind. It has become one of Suzuki’s signature models, widely appreciated in Japan.

Over the years, production expanded beyond Japan to countries including India, Hungary and Indonesia, with the model evolving to suit local market needs. The technologies refined for global minicar standards have been applied across the Wagon R series.

To date, the Wagon R has been sold in over 75 countries and regions, including Japan, India and across Europe. The series has consistently improved in terms of fuel efficiency, environmental performance, and user convenience. For instance, CNG variants with enhanced fuel economy have been introduced in India, while the Wagon R Smile – featuring sliding doors – was launched in Japan.

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