Used Vehicle Market Study

Abstract

This report is a research on used two-wheeler and four-wheeler market in India and the financing options that are available. Based on the market research of the same, I was able to find out that currently the used vehicle industry is witnessing a rapid increase in sales volume and demand. Due to the constant increase in demand of used two – wheelers and used four – wheelers, the market is getting infused with more and more financing options for the same. Many NBFCs / OEMs / Banks have entered the used vehicle financing market. Also, it was discovered that the used four wheeler market is much more developed than used two wheeler market and there are a certain features of the used four wheeler market that could be adopted by the used two wheeler market players. The research also includes a study of the competitive scenario in this industry – the leaders and their business models. The conclusion part shows the learnings gained from the research and the gaps that were identified in the offerings of Bajaj Finance Ltd – AF viz. – a – viz its competitors. Moreover, the report also includes the customer life cycle management process of various competitors of Bajaj Auto Finance.