Tuesday, Apr 22 2025 | Time 07:20 Hrs(IST)
Business EconomyPosted at: Apr 10 2025 11:41AM


Digital transactions, women buyers, & automatic cars shaping India’s growing used car market

Kolkata, Apr 10 (UNI) As India’s urban expansion continues and mobility needs evolve, car ownership remains the preferred solution for millions of Indians, according to Spinny, the country’s leading full-stack used car platform, has released its Q1 2025 report, revealing significant shifts in the pre-owned car market.
The report highlighted the dominance of digital-first transactions, value-added services, rising demand for automatic cars, and the growing influence of women buyers, all pointing to a transformation in how Indians approach car ownership.
Additionally, the report identified Bengaluru, Hyderabad, and Delhi as the top car-buying cities, reflecting the strong demand in these urban centers.
Pune stood out with a 40 percent share in electric cars, underscoring the region’s embrace of electric mobility as part of the broader used car trend.
In Q1 2025, the document said 77 pc of total sales through digital transactions, up from 75 pc in 2024 and 70 pc in 2023.
" This growth reflects a clear consumer preference for seamless, transparent online car purchases," it maintained.
Financing played a key role, with 57 pc of buyers opting for loans, particularly among younger buyers aged 25-30, further accelerating the shift toward digital-first car ownership.
The financing remains a significant driver in the used car market, with 57 pc of Spinny vehicles purchased through loans.
Pink city Jaipur led the way with 60 pc of cars purchased via financing, showcasing the growing demand for flexible, transparent loan options. As younger buyers increasingly turn to financing, the need for easy, user-friendly solutions is expected to continue growing in 2025.
Women car buyers are reshaping the industry, with their market share rising from 26 pc in 2024 to 28 pc in Q1 2025, reaching 30 pc in March.
The data shows that 60 pc of women prefer automatic hatchbacks, while 18 pc favor compact SUVs.
The highest share of women buyers is Kochi and the highest women loan uptake: Coimbatore, where 27 pc opted for financing.
Consumer demand for automatic vehicles continues to rise, with automatics accounting for 29 pc of sales in Q1 2025, up from 24 pc in 2024.
This significant shift is driven by a growing preference for convenience, particularly in traffic-heavy urban environments, the data said.
UNI PC KK
Please log in to get detailed story.
Tags: #Digital transactions# women buyers# & automatic cars shaping India’s growing used car market
More News

ParamNetwork launches India’s 1st enterprise-grade Agentic AI platform

21 Apr 2025 | 7:12 PM

Pune, Apr 21 (UNI) ParamNetwork on Monday announced the global launch of (param) ai/studio, India’s first enterprise-grade Agentic AI platform, designed to meet the complex requirements of modern enterprises.

see more..

Tally Solutions launches TallyPrime 6 0, Revolutionizing financial ops for SMEs with connected banking

21 Apr 2025 | 7:06 PM

Kolkata, Apr 21 (UNI) Tally Solutions Pvt Ltd, India’s leading business automation software provider, has introduces its latest release, TallyPrime 6.0, designed to simplify financial operations for small and medium enterprises (SMEs) and make it seamless via Connected Banking experience.

see more..

JSW Energy breaks ground on 1600 MW ultra supercritical thermal power plant at Salboni in Bengal

21 Apr 2025 | 6:56 PM

Kolkata, Apr 21 (UNI) JSW Energy Limited, a leading private-sector power producer in India and a part of the $24 Billion JSW Group, on Monday commenced construction of its state-of-the-art 1,600 MW (2x800 MW) ultra supercritical thermal power plant in Salboni, West Bengal.

see more..
Sensex soars 855 30 pts

Sensex soars 855 30 pts

21 Apr 2025 | 5:09 PM

Mumbai, Apr 21 (UNI) The equity market remained on top for the fifth consecutive session on Monday, as the BSE Sensex advanced 855.30 pts to close strong at 79,408.50, 3-month-high following gains in Power, IT and Energy stocks amid Foreign Fund inflows.

see more..

UAE-based CARACAL, MEIL’s ICOMM inaugurate small arms manufacturing facility in Hyderabad

21 Apr 2025 | 4:59 PM

Hyderabad, Apr 21 (UNI) CARACAL, a leading small arms manufacturer from the UAE and an entity within EDGE Group, in collaboration with ICOMM Tele Ltd, a group company of Megha Engineering & Infrastructures Ltd (MEIL), inaugurated a world-class small arms manufacturing facility at ICOMM’s Integrated Engineering Facility in Hyderabad on Monday.

see more..