Cars News

India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base.

In FY2021-22 around 70 per cent of used cars purchase transactions happened using personal financing, while 30 per cent buyers took a used car loan. Whereas in FY2020-21, only 13 per cent buyers opted for a loan.

In FY 2021-22 about 4.4 million used vehicles were sold in the country, and here are the Top 10 used car models that Indian car buyers preferred in FY2022.

`The company had opened bookings for the SUV on July 11 and just over a month later, we can see a big demand for the car.

The intention of the ad is to promote road safety, but the narrative, which hints at dowry, has drawn widespread criticism on social media.

The IBB report highlights the fact that while there are several business themes at work globally, at least three are linked with the majority of the organised used vehicle platforms in India.

The Mahindra XUV700 and Scorpio have received an overwhelming market response and the increase in sales has helped Mahindra in registering the highest revenue market share in the SUV space.

The 2022 Indian Blue Book (IBB) Report on the used car industry in India is confident that the share of organised used car market will grow to 45 per cent by FY 2027 from current 20 per cent.