India Used Car Market, 2026-2033
Global Report
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India used car market highlights
- The India used car market generated a revenue of USD 115,519.0 million in 2025 and is expected to reach USD 248,422.5 million by 2033.
- The India market is expected to grow at a CAGR of 9.9% from 2026 to 2033.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2025.
- Electric is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Used car market data book summary
| Market revenue in 2025 | USD 115,519.0 million |
| Market revenue in 2033 | USD 248,422.5 million |
| Growth rate | 9.9% (CAGR from 2026 to 2033) |
| Largest segment | Conventional |
| Fastest growing segment | Electric |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group |
Other key industry trends
- In terms of revenue, India accounted for 5.7% of the used car market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, India used car market is projected to lead the regional market in terms of revenue in 2033.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 125,263.8 million by 2033.
In 2019, India accounted for 18.9% of the volume share in the Asia Pacific used car market. The country is anticipated to exceed its total used car business by double in the coming years. The growth can be attributed to the nation’s rapidly growing economy and large consumer base.
Rise in disposable income levels, growing demand for economical compact cars in middle-class families, and revision of the GST rate on used vehicles from 28% to 12-18% is driving the demand for mid-sized used cars in the country. In India, the mid-sized used car is expected to grow at 10.8% compounding rate year-on-year.
The OLX, a C2C online used car platform, stated that the used car demand has increased by 25% in July 2020, owing to the rising demand for private transportation mode at a cheaper cost. Further, the rising demand can be attributed to the spread of coronavirus and safety measures issued by the government authorities.
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Publish Date: Feb 27, 2025
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Used Car Market
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Alibaba Group Holding Ltd ADR | View profile | 204,891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | www.alibabagroup.com |
| CarMax Inc | View profile | 29,836 | 12800 Tuckahoe Creek Parkway, Richmond, VA, United States, 23238 | www.carmax.com |
| Asbury Automotive Group Inc | View profile | 15,000 | 2905 Premiere Parkway North West, Suite 300, Duluth, GA, United States, 30097 | www.asburyauto.com |
| TrueCar Inc | View profile | 324 | 1401 Ocean Avenue, Suite 200, Santa Monica, CA, United States, 90401 | www.truecar.com |
| Scout24 SE | View profile | 1,055 | Invalidenstrasse 65, Berlin, BY, Germany, 10557 | www.scout24.com |
| Lithia Motors Inc Class A | View profile | 27,446 | 150 N. Bartlett Street, Medford, OR, United States, 97501 | www.lithia.com |
| Group 1 Automotive Inc | View profile | 16,011 | 800 Gessner, Suite 500, Houston, TX, United States, 77024 | www.group1auto.com |
| EBay Inc | View profile | 12,300 | 2025 Hamilton Avenue, San Jose, CA, United States, 95125 | www.ebay.com |
| AutoNation Inc | View profile | 25,300 | 200 South West 1st Avenue, Fort Lauderdale, FL, United States, 33301 | www.autonation.com |
| Hendrick Automotive Group | View profile | 10001+ | Charlotte, North Carolina, United States, North America | www.hendrickauto.com/ |
India used car market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Used Car Market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 54.59% in 2025.
Horizon Databook has segmented the India used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2021 to 2033.
In 2019, India accounted for 18.9% of the volume share in the Asia Pacific used car market. The country is anticipated to exceed its total used car business by double in the coming years. The growth can be attributed to the nation’s rapidly growing economy and large consumer base.
Rise in disposable income levels, growing demand for economical compact cars in middle-class families, and revision of the GST rate on used vehicles from 28% to 12-18% is driving the demand for mid-sized used cars in the country. In India, the mid-sized used car is expected to grow at 10.8% compounding rate year-on-year.
The OLX, a C2C online used car platform, stated that the used car demand has increased by 25% in July 2020, owing to the rising demand for private transportation mode at a cheaper cost. Further, the rising demand can be attributed to the spread of coronavirus and safety measures issued by the government authorities.
- India Used Car Market Vehicle Type Outlook (Revenue, USD Million , 2021-2033)
- Hybrid
- Conventional
- Electric
- India Used Car Market Vendor Type Outlook (Revenue, USD Million , 2021-2033)
- Organized
- Unorganized
- India Used Car Market Fuel Type Outlook (Revenue, USD Million , 2021-2033)
- Diesel
- Petrol
- Others
- India Used Car Market Size Outlook (Revenue, USD Million , 2021-2033)
- Compact
- Mid-Sized
- SUV
- India Used Car Market Sales Channel Outlook (Revenue, USD Million , 2021-2033)
- Offline
- Online
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Horizon Databook provides a detailed overview of country-level data and insights on the India used car market, including forecasts for subscribers. This country databook contains high-level insights into India used car market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Used Car Market, 2021-2033 (US$M)
India used car market statistics, by vehicle type, 2021-2033 (US$M)
