U.S. markets open in 3 hours 18 minutes
  • S&P Futures

    4,004.50
    -15.25 (-0.38%)
     
  • Dow Futures

    32,064.00
    -56.00 (-0.17%)
     
  • Nasdaq Futures

    12,306.25
    -76.50 (-0.62%)
     
  • Russell 2000 Futures

    1,782.50
    -7.00 (-0.39%)
     
  • Crude Oil

    109.94
    -0.55 (-0.50%)
     
  • Gold

    1,799.10
    -9.10 (-0.50%)
     
  • Silver

    21.09
    +0.09 (+0.45%)
     
  • EUR/USD

    1.0424
    +0.0008 (+0.07%)
     
  • 10-Yr Bond

    2.9350
    0.0000 (0.00%)
     
  • Vix

    29.62
    -2.15 (-6.77%)
     
  • GBP/USD

    1.2239
    -0.0023 (-0.19%)
     
  • USD/JPY

    129.2870
    +0.1020 (+0.08%)
     
  • BTC-USD

    29,527.05
    -146.76 (-0.49%)
     
  • CMC Crypto 200

    661.97
    -19.14 (-2.81%)
     
  • FTSE 100

    7,422.57
    +4.42 (+0.06%)
     
  • Nikkei 225

    26,547.05
    +119.40 (+0.45%)
     

How India’s budget can keep India’s used car market humming along

·6 min read
How India’s budget can keep India’s used car market humming along
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

India’s pre-owned car segment continues to thrive while auto companies around the world struggle. “There are several significant growth driving factors like the urge for personal mobility due to the ongoing pandemic and global semiconductor chip shortage resulting in longer waiting periods for new cars,” Amit Kumar, CEO of OLX Autos India, an online marketplace for pre-owned vehicles, told Quartz in an interaction. Explaining how the pandemic has boosted demand for used cars, Kumar said he expects the right kind of tax policy in the upcoming budget on Feb. 1 to help the sector shape up for the better.