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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Tata Motors Passenger Vehicles (TMPV) has announced consumer offers and vehicle special editions across its internal combustion engine and electric vehicle portfolios in Kerala for the Onam festive period.

The festival promotions run through August 2026, offering financial benefits up to INR 225,000, priority delivery slots and vehicle financing packages. As part of the seasonal campaign, the manufacturer has introduced the Sierra Jubilee Edition, Nexon Camo Edition and Punch HBX Pack to its product line-up.

The maximum benefits vary by model across both powertrain platforms – Internal combustion engine (ICE) models include benefits up to INR 54,500 on the Altroz, INR 72,500 on the Nexon and INR 77,500 on the Curvv.

The Harrier and Safari both get benefits up to INR 47,000, while the Sierra includes a loyalty benefit of INR 30,000. In the electric vehicle segment, savings up to INR 60,000 for the Nexon.ev and INR 55,000 for the Curvv.ev is being offered by the automaker. The Harrier.ev features benefits reaching INR 225,000, which includes a loyalty benefit of INR 100,000 alongside complimentary insurance coverage.

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, “Onam is a celebration of cherished traditions, meaningful reunions and the progress that every family takes pride in. It is a season of gratitude for how far they have come and optimism for the road ahead. Through our 'Celebrate How Far You've Come' campaign, we are celebrating the aspirations, achievements and milestones that make every customer's journey and success unique. Kerala has always been a deeply important market for TMPV, and we are delighted to mark this festive season with special editions, attractive offers and seamless ownership solutions across our safest and most diverse range of cars and SUVs. We look forward to celebrating with our customers their next milestone and creating many more joyful memories.”

At present, Tata Motors Passenger Vehicles operates 85 service centres across Kerala to support vehicle maintenance during and after the sales campaign.

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Tata Motors Passenger Vehicles (TMPV) has launched the Nexon CAMO, a new special edition of its popular compact SUV, with prices beginning at INR 999,000 ex-showroom in Delhi. The introduction coincides with the brand’s celebration of a decade since the Nexon’s original debut and the trust of over 1.1 million customers, marking the model’s enduring success in the Indian automotive market.

The new CAMO variant distinguishes itself with two exclusive premium paint schemes, named Munnar Mist and Coorg Cloud. The former is a dynamic dark green that shifts to a sophisticated grey in shadows and reveals rich green and golden tones under sunlight. In contrast, the latter is a contemporary grey-silver finish with subtle metallic highlights, designed to offer an understated yet premium aesthetic that complements the SUV's rugged character.

TMPV has equipped the Nexon CAMO with a significant technology upgrade, headlined by an Ultra View Twin HD Digital Cockpit. This features a 31.24-cm infotainment system and a 26.03-cm digital instrument cluster, both from Harman, with the latter including embedded navigation. The technology package is further enhanced by an integrated dashcam recorder that is part of the 360-degree camera surround view system, which also includes a blind spot view monitor.

The special edition is not solely about aesthetics and screens, as it also incorporates a comprehensive suite of comfort and safety features. The cabin includes ventilated leatherette front seats, a voice-assisted panoramic sunroof, and an immersive nine-speaker JBL audio system with a subwoofer. Safety is addressed through seven Advanced Driver Assistance Systems functions calibrated for Indian roads, six airbags and electronic stability control, ensuring the CAMO is as secure as it is stylish.

Maintaining the Nexon’s hallmark versatility, the CAMO is offered across all three powertrain options: a 1.2-litre turbocharged petrol, a 1.5-litre diesel and the segment-exclusive 1.2-litre turbocharged iCNG with twin-cylinder technology. With multiple transmission choices available, the automaker has positioned the Nexon CAMO as a distinctive and aspirational package for a wide range of SUV buyers, reinforcing the model's legacy of innovation as the festive season approaches.

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, "Since its launch a decade ago, the Nexon has provided comfortable, safe and enjoyable journeys for over 1.1 million families, becoming one of India's most iconic nameplates with an unmissable presence on the roads. This success has been built on constantly raising the bar in safety, technology and design while keeping these innovations accessible to a wider set of customers. The Nexon CAMO carries that spirit forward, with two striking new colours and an elevated technology package that makes it the most distinctive Nexon yet. Timed perfectly for the festive season, it gives customers an even stronger reason to make the Nexon their own."

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Mumbai-headquartered automotive major Mahindra & Mahindra has announced a suite of technology and equipment updates for its Scorpio-N SUV model line-up.

The updates introduce a panoramic sunroof, a 540-degree surround view camera system with a blind view monitor and R18 alloy wheels to select variants.

On the inside, the updated model features a 31.24 cm floating touchscreen infotainment display, a 26.03 cm digital instrument cluster with three display modes, a 65W USB Type-C fast-charging port in the front row and integrated vehicle dynamics displays covering engine data, pitch, roll and g-force metrics.

The Scorpio-N platform continues to offer the G20 TGDi mStallion petrol and D22 mHawk diesel engine options, available with rear-wheel drive and four-wheel drive configurations.

Pricing for the updated Scorpio-N range begins at INR 1.36 million for the entry-level Z2 petrol manual variant, with the line-up extending to INR 2.54 million for the top-specification Z8L diesel automatic four-wheel drive version (all prices ex-showroom).

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Japanese automotive company Mitsubishi Motors Corporation has shared an update regarding its upcoming new Pajero SUV launch scheduled for premiere this autumn.

The automaker confirmed that the vehicle combines off-road driving capabilities across weather and road conditions with on-road ride refinement.

The SUV utilises a ladder frame chassis paired with a re-engineered suspension system designed to maintain road-holding performance over uneven surfaces, bumps and terrain impacts. The setup aims to reduce body movement and cabin vibration to support occupant comfort during long-distance driving.

Handling and drive distribution are managed by Mitsubishi Motors' Super-All Wheel Control (S-AWC) technology. The integrated vehicle dynamics control system manages power output and braking to optimise stability and traction across driving conditions.

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