Ahead of Maruti True Value and Mahindra First Choice, Spinny is taking used cars out for a spin
Automobile

Ahead of Maruti True Value and Mahindra First Choice, Spinny is taking used cars out for a spin

By Eduardo Saverin

Image credit: Spinny via Facebook

Synopsis

India’s used-car market could grow to 8.2 million units by FY27 from 4.1 million in FY22. While the larger market is clearly unorganised, Spinny and its founders are challenging the conventional wisdom for doing the used-car business. How a company, which sold a mere 3,000 cars in 2019, is readying to lead the used-car space in top Indian cities?

Call it the start-up way of doing things.Maruti Suzuki and Mahindra & Mahindra (M&M) may be the big boys of the Indian auto industry, but they cannot keep pace with New Age players when it comes to the used-car business. Sample this. Spinny, a used-car upstart present in 15 cities, has over 5,000 certified vehicles on its platform. Maruti True Value, a subsidiary of India’s number 1 carmaker and present in 845 cities, has 3,400 certified

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Eduardo Saverin