Spinny, a full-stack used car platform, has released its Q2 2025 trend report, highlighting key shifts in buyer behaviour, digital adoption and regional growth patterns across India’s used car market.

Online transactions continued to dominate, with 80 percent of its customers purchasing their vehicles digitally, up from 77 percent in Q1. While home deliveries declined slightly to 20 percent, hub-based pickups rose to 80 percent, with 60 percent of those happening through Spinny Parks. These delivery hubs have emerged as a preferred choice for customers seeking a showroom-like experience.

Car finance adoption grew to 58 percent in Q2, compared to 57 percent in Q1. The trend was led by salaried buyers, who made up 70 percent of the customer base. Coimbatore recorded the highest finance penetration, with over 65 percent of buyers opting for loans. Additionally, the Assured+ Warranty saw an attach rate of 30 percent by June, indicating growing interest in post-sale assurance.

Buyer demographics also reflected an evolving market. First-time buyers comprised 70 percent of purchases in Q2, down from 74 percent in Q1, signalling a rise in repeat and upgrade customers. The average buyer age increased from 32 to 34 years. Women accounted for 26 percent of buyers – slightly lower than the previous quarter’s 28 percent, but part of a sustained upward trend over recent years. Chandigarh recorded the highest proportion of women buyers at over 30 percent.

In terms of vehicle preferences, hatchbacks remained dominant among sellers, with 55 percent of the supply, led by Maruti Suzuki India models such as the WagonR, Baleno and Swift. SUVs accounted for 21 percent of inventory, with Chennai leading in SUV supply at 26 percent. Sedans made up 18 percent of total supply, with the Honda City, Amaze and Swift Dzire among the most sold.

On the buyer side, petrol vehicles remained the most popular, making up 82 percent of sales, while automatic transmission cars rose slightly to 30 percent, led by Mumbai at 35 percent. Pune and Bengaluru saw rising interest in hybrids and EVs.

Maruti Suzuki India and Hyundai Motor India maintained their top brand positions, while Tata Motors moved into third place, overtaking Honda Cars India. Among models, the Hyundai Grand i10, Renault Kwid and Maruti WagonR led sales. Blue emerged as a more popular car colour, overtaking red, while white and grey continued to dominate.

Luxury car sales grew significantly, particularly in tier 2 cities such as Jaipur, Coimbatore and Kochi, which saw over 30 percent growth in the segment. The most preferred models included the Audi Q3, BMW X1 and Mercedes GLA.

Spinny also noted that cars under three years old became increasingly popular, with demand rising from 18 percent in April to 25 percent in June. This was supported by its Assured+ programme, which offers a 3-year warranty.

Among city-specific insights, Bengaluru emerged as the fastest-growing market, Kochi led in home deliveries and Jaipur recorded the youngest average buyers at 31 years.

Looking ahead to Q3 2025, Spinny expects festive season demand during Onam and Diwali to boost sales further. The company anticipates continued growth in finance-led purchases, greater EV and hybrid adoption and further expansion of services tailored for women buyers.

Niraj Singh, CEO & Founder, Spinny, said, "India’s car buyers today are more confident, better informed and increasingly digital. We see a diverse market coming together through trust and transparency. Spinny continues to enable this journey – city by city, car by car."

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Zenvo Automotive, a manufacturer of limited-edition hypercars based in Præstø, Denmark, has appointed Mark Harrison as its new Chief Commercial Officer, bringing in a seasoned expert from the premium and performance car sector. His arrival marks a significant step in the company’s ambitious growth strategy as it prepares for the final development phase of its highly anticipated V12 Aurora hypercar. Harrison will oversee all commercial operations, including sales, marketing, public relations, global events and the expansion of the dealer network, working closely with the established leadership team comprising Chairman Jens Sverdrup, Chief Technical Officer Jon Gunner and Design Director Christian Brandt.

With three decades of industry experience, Harrison joins Zenvo from Praga Cars, having previously held influential management roles at McLaren Automotive and BMW Group, including its MINI division. His comprehensive understanding of the luxury automotive landscape is expected to be instrumental as the company moves towards the Aurora’s launch. Harrison’s appointment reinforces the management structure during this critical period, ensuring the commercial strategy aligns with the final engineering and design efforts to bring the new hypercar to market.

Jens Sverdrup, Chairman, Zenvo Automotive, said, “It is great to welcome Mark to the team, and to benefit from his experience and insight of the industry. We have known each other for many years, and our professional paths have crossed on several occasions, so I know first-hand what an impact he will be able to make. We are at an exciting part of the programme, and this appointment also highlights, once again, the talent that this project is attracting as we gear up for the launch of Aurora.”

Harrison said, “It’s really exciting to join Zenvo’s team and help bring to market a truly exceptional car in both its design and technical specification. I have admired the brand since the Aurora was announced and especially how the programme is pushing the boundaries in such a competitive sector. I have shared offices, showrooms, show stands and factories with great teams wherever I have worked, but this will be my first V12. I feel privileged to now have an opportunity to work together with this strong and passionate team helping bring this stunning car to market later this year.”

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Renault has unveiled the name of its latest show-car, the Bridger Concept, as part of its continued international expansion. This model serves as a precursor to a forthcoming production vehicle, specifically an urban SUV designed with new dimensions to accommodate the evolving needs of city-dwelling families.

The Bridger Concept stands out with its bold and robust design, featuring surprisingly compact proportions. Measuring under four metres in length, it maximises interior space, demonstrating that a smaller footprint does not necessitate a compromise on roominess. The name itself, derived from the English word ‘bridge’, was chosen for its connotations of strength, connection and linkage. This choice highlights the vehicle's assertive styling and reinforces the brand's commitment to fostering human connections within the cabin, a core aspect of its ‘voitures à vivre’ philosophy.

A comprehensive reveal of the Bridger Concept is scheduled for 10 March 2026. This unveiling will occur during the presentation of Renault Group's futuREady strategic plan, with the entire event being streamed live from the company's official events platform.

Explaining the thinking behind the name of the new show-car, Sylvia dos Santos, Head of Naming Strategy with Renault's Global Marketing Division, said, “With Renault Bridger, we are adding to our family of names based on English words.  This one comes from the word 'bridge', with the letters 'ER' added for identification. The name Renault Bridger is part of the same approach as the name of Renault Duster. It’s a powerful, robust and versatile name, ideal to identify our new urban SUV show-car and open a new page in our international offensive!”

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Axis Bank has announced its appointment as a preferred financer for Tesla in India, which will see the company provide financing solutions for customers purchasing Tesla vehicles as part of a nationwide rollout.

The collaboration covers major metropolitan areas and emerging electric vehicle (EV) hubs. The initiative is designed to integrate with Tesla’s global ownership model by using digital onboarding to manage the purchase journey.

Axis Bank has developed specific auto-loan products for the premium EV segment. These offerings focus on repayment flexibility and digital processing speeds.

It includes loan tenure options extending up to 10 years. Customised structures designed to align with individual customer cash flows. A fully digital onboarding process intended to reduce sanction turnaround times. Coverage across all-India locations to support Tesla’s market entry.

Munish Sharda, Executive Director, Axis Bank, said, “As electric mobility gains momentum in India, Axis Bank is proud to collaborate with Tesla to help accelerate this transition. Through this collaboration, we are bringing together world-class electric vehicles with innovative, tailored financing solutions and seamless customer engagement. This makes it easier for customers to adopt sustainable mobility without compromising on convenience or flexibility. This initiative reflects our continued focus on responsible banking and future-ready solutions.”

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Vietnamese electric vehicle brand VinFast has announced the completion of its strategic restructuring into three automotive brand lines. The company officially unveiled two flagship models, the Lac Hong 800S and the Lac Hong 900S, to head its ultra-luxury marque.

The restructuring divides the portfolio into the Lac Hong ultra-luxury line, the VF passenger vehicle range and the Green commercial mobility brand. VinFast has maintained a leadership position in Vietnam for 16 consecutive months, delivering 175,099 vehicles in 2025.

The three brands target different market segments to support the company's next phase of development:

• Lac Hong: Comprises the 900 LX, 900S, and 800S models.
• VF: Includes a portfolio of passenger EVs from the VF 3 to the VF 9 and the VF MPV 7.
• Green: Developed for commercial mobility, featuring the Limo Green, Herio Green, Nerio Green and Minio Green models.

The new Lac Hong 800S and 900S models use design elements inspired by Vietnamese heritage, such as a grille with vertical slats and emblems evoking the Lac bird. Interior materials include Nappa leather, wood and gold-plated accents.

They are equipped with a tri-motor system with one front motor and two rear motors; a combined output of 460 kW and a fully active suspension system for ride comfort and stability.

On the inside, it gets executive seating and power-assisted doors. The 900S includes a privacy partition, a projection entertainment system and a workstation.

The Lac Hong 800S and 900S are scheduled for commercial launch in 2027.

At present, VinFast operates manufacturing facilities in Vietnam and India, with planned operations in the United States. The facility in Thoothukudi, Tamil Nadu, represents a USD 500 million investment and is designed to produce 150,000 vehicles annually.

Duong Thi Thu Trang, Deputy CEO of Global Automotives, VinFast, said, “Following a period of accelerated growth - achieving the No.1 position in Vietnam and establishing our presence in key regional markets - the completion of our three-brand structure lays the foundation for our next phase of development: structured, professional and breakthrough-driven. The Lac Hong 800S and 900S stand as further proof of VinFast’s technological mastery, product development capability and advanced manufacturing expertise. We believe products created by Vietnamese intellect, craftsmanship and resilience not only inspire national pride but also convey a powerful message about Vietnam’s cultural heritage and technological stature in this new era of global advancement.”

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