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Smaller cities driving growth: study
India will sell 7.1 million pre-owned cars by fiscal 2025, up from 3.9 million in FY21, said IndianBlueBook (IBB), a Mahindra & Mahindra floated pricing and analytics platform.
In FY20, the country sold 4.2 million used cars. However, FY21 sales were hit by COVID-19 and volumes dropped by 7.1%, the soon-to-be unveiled study reveals. “This year, FY22, has just started, and we are stuck in COVID 2.0,” said Ashutosh Pandey, CEO & MD, Mahindra First Choice Wheels Ltd.
“But assuming that this wave will not cripple the industry completely, we anticipate at least 7-10% growth in the quantum of used cars sold in the year,” he said.
US regulators urge people to stop using Peloton treadmill
One child died and nearly 40 others have been injured in incidents related to the Tread+. Peloton has said the warning from the US Consumer Product Safety Commission is unfair.
US regulators have given a warning over the Tread+
United States regulators have urged people with children and pets to stop using a Peloton treadmill after one child died and nearly 40 others were injured in incidents related to the running machine.
The US Consumer Product Safety Commission (CPSC) on Saturday said it had received reports of toddlers and a pet being dragged under the rear roller of the Tread+, resulting in fractures, scrapes and the death of one child.
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