Likely budget for buying next car in India 2021

Published by
Shangliao Sun,
Jun 20, 2022
Around 60 percent of respondents had a budget less than 800 thousand Indian rupees for purchasing their next car in India according to a survey conducted in February 2021. In fiscal year 2020, India's pre-owned car market stood at 4.2 million units, bigger than the new car market. The pre-owned car market grew continuously over the observed time frame. This segment was bifurcated among organized, semi-organized, unorganized, and customer-to-customer category.

Likely budget for buying next car in India in 2021

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Release date

March 2021

Region

India

Survey time period

February 2021

Number of respondents

1,695 respondents

Special properties

In million Indian rupees

Supplementary notes

Specific method of survey was not mentioned by the source.

One Indian rupee is equal to 0.011 euros and 0.014 dollars (as of June 2021).

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