About the Book
The used vehicle market in India has expanded considerably, surpassing the new vehicle industry in volume. This expansion is propelled by causes including cost, enhanced accessibility, and the emergence of internet platforms that facilitate buying and selling transactions. Certified pre-owned vehicle programs provided by prominent automakers and dealerships have bolstered buyer confidence by guaranteeing quality and extending warranties.
Structured entities such as Maruti Suzuki True Value, Mahindra First Choice, and Cars24 are transforming the market through the introduction of transparency and standardisation. A substantial segment of the industry remains unregulated, with minor dealers and individual vendors occupying a pivotal position. The affordability and accessibility of financing alternatives render used vehicles appealing to first-time purchasers and middle-income demographics.
The increasing utilisation of digital platforms has optimised transactions, including benefits such as comprehensive vehicle histories, equitable pricing, and inspections, which attract contemporary consumers. Notwithstanding its growth, the pre-owned automobile market encounters difficulties, including inconsistent pricing norms and apprehensions regarding the legitimacy of paperwork within the unregulated sector. However, due to rising urbanisation and consumer demand for cost-effective personal mobility options, the market is anticipated to continue its growth trend.
About the Author
Dr. Chandrakala L., an eminent scholar & multifaceted professional, epitomizes excellence in the realms of commerce and management. Her illustrious academic portfolio includes a B.Com, M.Com, MBA with dual specializations in Finance and Human Resources Management, & a Ph.D. in Commerce, demonstrating her profound mastery of theoretical frameworks and their practical applications. As a faculty member in the Department of Commerce and Management, she excels as a mentor, inspiring and guiding her students with unparalleled dedication, while serving as a trusted counsellor, fostering their personal & professional growth. Her unwavering commitment to institutional development is evident through her active role in shaping policies as a member of several key internal committees.
Beyond academia, Dr. Chandrakala’s stature as an empanelled evaluator for esteemed institutions such as IGNOU and Osmania University underscores her commitment to upholding academic rigor & excellence. Professionally, she serves as the Joint Secretary of ITDS, a prominent research institute, where her incisive contributions to policy formulation & actionable insights help inform governmental strategies and decision-making.
Dr. Ravi Kiran Dharam Soth, an erudite scholar and accomplished polymath, epitomizes the confluence of academic brilliance & professional mastery. Endowed with a Ph.D. in Business Management, an MBA with dual distinctions in Finance and Marketing, and a Bachelor’s degree in Electronics and Communication Engineering from JNTU, Hyderabad, he exemplifies a relentless pursuit of intellectual & professional excellence. Further refining his acumen, he partook in the illustrious Entrepreneurship & Innovation Programme at the globally acclaimed Indian School of Business (ISB), CIE, solidifying his stature as a luminary in his field. Throughout his distin- guished career, Dr. Ravi Kiran has orchestrated exemplary leadership across a myriad of disciplines. As a Project Manager and Scrum Master, he excelled in IT project management at TCS, demonstrated engineering finesse in pipeline construction at Essar India Ltd., and cultivated meaningful relationships within the banking sector through esteemed tenures at Citi Bank N.A., HDFC Bank, and Kotak Mahindra Bank. His adroitness also extended to the telecom industry, where he thrived as a territory & channel manager under the aegis of the Aditya Birla Group.
Reviews
There are no reviews yet.