Second Hand Two Wheeler Sales

Why is the second-hand car market running in top gear

Second-hand car industry is becoming increasingly organised. The market for second-hand cars is expected to double in the next five years. Is the used car than the new 'new' for Indian auto-buyers?

Two-wheeler financing firm Bike Bazaar on Thursday said it has raised Rs 170 crore in equity funding for a deeper penetration into rural markets and to scale the marketplace business for sale and purchase of used two-wheelers. The fresh capital, as part of its ongoing Series D fundraise, has been secured from a consortium led by Women's World Banking Asset Management (WAM), which has joined the existing equity investors -- Elevar Equity and Faering Capital, Bike Bazaar said. Elevar continues to hold the largest stake in the company, as per the statement. Bike Bazaar also has raised a total of Rs 400 crore in equity funding since its inception in 2017. The two-wheeler financing firm is in advanced discussions with leading global investors for a further Rs 80 crore capital infusion, which will take the total Series D equity round to Rs 250 crore. The company said it has also raised over Rs 250 crore in debt financing from various banks and financial institutions in the last six ...

The second-hand vehicle segment is expected to capture a larger share of the two wheeler and passenger car markets

Clocks 17.9% CAGR in revenue terms from 2010-2015