PRESS RELEASE QUARTERLY FINANCIAL INFORMATION Ayvens1 reports third quarter and nine months 2023 results2 EARNING ASSETS3 UP 14.1% VS. SEPTEMBER 20224 UNDERPINNED BY THE INCREASE IN VEHICLE.
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Used Car Market In India: The used car industry has always been very big. However, it was governed by a lot of stereotypes and driven with a lot of uncertainty about the quality of the vehicle. For instance, if an army person or a Parsi was selling their car it was assumed it would be in a very good condition. However, if a car belonged to regions like Meerut, it would be poorly maintained. This went very deep into the customer psyche. Ashutosh Pandey, CEO, Mahindra First Choice Wheels shares how the journey of last two decades has been for the used car market, what lies ahead, and more.