Spinny’s Q3 CY24 Report Highlights Growth In Used-Car Sales
- By MT Bureau
- September 19, 2024
Spinny, India's full-stack used car marketplace, has published its Q3 CY24 report highlighting a significant growth in the used-car segment in the last two quarters of CY24. The report also mentions the important trends that have emerged in car buyer preferences, financing options and delivery choices.
One of the most notable trends is Honda's ascent back to the top three most popular auto brands, replacing Tata in the rankings along with Maruti Suzuki, Hyundai and City as important models. Furthermore, the Renault Kwid remains a popular vehicle with consumers, ranking in the top three models for the third consecutive quarter alongside the Hyundai Grand i10 and Maruti Suzuki Waggon R. Furthermore, with 12 percent growth over the previous quarter, the compact SUV segment is the category with the fastest rate of growth. Eighty-three percent of buyers indicated that they preferred petrol-powered vehicles, 12 percent diesel and 5 percent compressed natural gas. Red, white and grey are the most popular colours among automobile purchasers.
A 6 percent rise in customers choosing auto financing is indicative of an increasing level of trust in Spinny's financial services, according to its research. Significantly, 60 percent of all purchases were funded by Spinny's easy financing services, highlighting the business's open and customer-focused philosophy. With 65 percent of consumers choosing to buy automobiles online, a 5 percent increase from the previous quarter, the research also shows an increase in digital car purchases. This change reflects India's increasing inclination towards online transactions for auto purchases. Furthermore, there has been a notable increase in hub deliveries; 82 percent of buyers preferred to pick up their vehicles at Spinny Hubs or Spinny Parks, while just 18 percent selected home delivery. The increase in hub deliveries from the previous quarter is 7 percent, with 53 percent of these deliveries taking place at Spinny Parks.
In line with Spinny's efforts to increase the number of women who own cars, the company's data also reveals a sharp increase in first-time car buyers, who now account for 67 percent of all customers. Of these women, 30 percent are female. Another noteworthy change is the increasing inclination of consumers towards manual transmissions, which now account for 76 percent of purchases, up from 70 percent in the prior quarter. In contrast, automatic transmissions have decreased to 24 percent from 30 percent.
Urban areas have seen strong growth in the used luxury car industry, with Delhi leading the way, followed by Bengaluru and Mumbai. Popular models like the Audi A4 and BMW X1 demonstrate India's preference for high-end German vehicles, and the Jeep Compass is now among the best options.
Over a million people used Spinny every day during its recent Freedom Days event, which ran from 15–18 August. The company reported a 15 percent spike in traffic across the country during this time. During this campaign, Bengaluru, Pune and Delhi NCR were the top car-buying regions and cities. Furthermore, the campaign's average buyer age of 36 years showed a little older client base than the average of 32 years earlier. As the necessity and demand for EVs grows, Nexon EV is now the customer's favourite model thanks to Spinny's collaboration with Tata Motors, followed by Tiago EV in Bengaluru, Mumbai and Pune.
Niraj Singh, Founder & CEO, Spinny, said, “The trust our customers place in us reflects our commitment to making car buying and selling simple and delightful. The consistent rise in car financing and the increasing number of women buyers are a testament to young India's embrace of Spinny’s efforts to make used car transactions more transparent and customer-focused, fulfilling aspirations of car ownership and its significance for Indian households. It’s interesting how our dynamic nation continues to evolve every quarter with its diverse tastes, keeping us excited and encouraging us to enhance our services.”
Nissan Motor India Delivers 100 Gravite SUVs In Hyderabad
- By MT Bureau
- April 22, 2026
Nissan Motor India (NMIPL), in partnership with Vibrant Nissan, reached a significant sales milestone by delivering 100 units of the all-new Nissan Gravite in a single day in Hyderabad.
The mass delivery event, held at Le Palais Royal Crown Villa Garden on 22 April 2026, the company said, highlights the strong market reception for the Gravite following its recent entry into the mid-size SUV segment.
The Nissan Gravite is positioned as a versatile family vehicle, featuring a bold design language and a focus on cabin flexibility. The successful delivery of 100 units underscores rising customer confidence in Nissan's refreshed product portfolio, which is currently anchored by the long-standing success of the Nissan Magnite and now bolstered by the Gravite's premium features and safety package.
With an expanding dealer network and a renewed focus on the Indian market, Nissan is entering a new phase of growth. The Gravite's performance in high-potential markets like Hyderabad is seen as a key indicator of the brand's ability to compete in the highly contested SUV categories.
"The 100 Gravite delivery milestone reflects growing demand for Nissan Motor India and rising customer confidence in the all-new Nissan Gravite. Backed by the Gravite’s bold design, spacious and flexible cabin, strong safety package, Nissan’s expanding network and the continued strong run of the Nissan Magnite, the company is entering a new phase of growth in India," said the company in a statement.
Tesla Launches Six-Seater Model Y L Launched At INR 6.19 Million In India
- By MT Bureau
- April 22, 2026
US-based electric vehicle maker Tesla India has launched the Model Y L, an all-new 6-seater SUV, at the Ballard Pier Downtown Experience Centre in Mumbai at prices starting INR 6.19 million.
Positioned as a versatile family vehicle, the Model Y L features an extended wheelbase and a three-row configuration. Online orders are open as of 22 April 2026, with the first deliveries scheduled to commence in June 2026.
The Model Y L is designed to maximise utility, offering a unique 2+2+2 seating layout.
- Second Row: Features individual captain seats with powered armrests, one-touch folding, ventilation and heating.
- Third Row: Equipped with power recline, one-touch folding and dedicated vented climate control.
- Cargo Space: Provides a massive storage capacity of up to 2,539 litres with seats folded.
The Model Y L is integrated into the broader Model Y lineup, offering a balance of range and acceleration. The Premium RWD (5-seater) with 500km range came at INR 5.98 million, L Premium AWD (6-seater) at INR 6.19 million and the Premium LR RWD (5-seater) at INR 6.78 million.
The EV features a refined chassis with adaptive suspension and electronic damping to filter road vibrations. For a premium cabin experience, it includes acoustic glass and an 18-speaker immersive Tesla Audio system.
Furthermore, as part of its focus on driving adoption of the green vehicles, Tesla continues to build its ecosystem in India to support new and existing owners:
At present, Tesla operates 5 Supercharger stations (20 Superchargers) and plans to add 7 more along major highways connecting Delhi, Mumbai, Bengaluru and other key cities.
Existing service centres in Mumbai, Gurugram, Delhi and Pune are being augmented this quarter with new locations in Bengaluru, Hyderabad, Chennai and Ahmedabad.
The Model Y L will be available for public viewing from 23 April 2026 at Tesla locations in BKC (Mumbai), Aerocity (Delhi) and Orchid Business Park (Gurugram).
Monthly financing for the Model Y L starts at INR 49,000, and the EV supports the full suite of Tesla connected features, including live traffic visualisation and integrated streaming services like Spotify and Netflix.
Toyota Kirloskar Motor Reaffirms Carbon-Neutral Goals On Earth Day 2026
- By MT Bureau
- April 21, 2026
Toyota Kirloskar Motor (TKM), one of the leading passenger vehicle manufacturers, has marked Earth Day 2026 by providing an update on its progress toward the Toyota Environmental Challenge 2050.
The company has reported significant milestones in manufacturing decarbonisation, water stewardship, and logistics efficiency, aiming to achieve carbon-neutral manufacturing operations by 2035.
Toyota Kirloskar Motor has focused on eliminating its environmental footprint across its production and supply chain through several key initiatives:
Renewable Energy: For the 5th consecutive year, Toyota Kirloskar Motor’s manufacturing facilities have utilised 100 percent renewable grid electricity, effectively eliminating all Scope 2 emissions.
Logistics Decarbonisation: The company has shifted 24 percent of its vehicle logistics to rail transport, reducing emissions per vehicle from 185 kg to 175 kg. Additionally, the pilot of electric trucks for short-distance transport has resulted in an annual reduction of approximately 950 CO2 emission.
Water & Waste Management: Approximately 89 percent of water requirements are currently met through recycling and rainwater harvesting. The company also maintains a Zero Waste-to-Landfill status, with a recycling rate of over 96 percent.
Aligned with India’s energy landscape, Toyota Kirloskar Motor is pursuing a multi-pathway approach to clean mobility. This includes active pilot projects for Hydrogen Fuel Cell Electric Vehicles (FCEV) and Electrified Flex-Fuel Vehicles (FFV-SHEV) to reduce dependence on energy imports and leverage domestic resources.
On-site, TKM’s Green Wave Project has successfully sequestered 8,118 CO2-emission through afforestation, supporting over 650 plant species. The company's Ecozone, a 25-acre experiential learning centre, has trained over 62,000 students to date, fostering environmental awareness in the next generation.
B Padmanabha, Executive Vice-President of Manufacturing, Toyota Kirloskar Motor, said, “On Earth Day 2026, Toyota Kirloskar Motor proudly reinforces its commitment to ‘Our Power, Our Planet,’ advancing a carbon‑neutral future by embedding sustainability into every aspect of our products, operations, and partnerships. Since 2021, our manufacturing facilities have been powered entirely by renewable grid electricity, eliminating Scope 2 emissions for five consecutive years and demonstrating that industrial growth and environmental responsibility can go hand in hand.”
Renault Duster Bags 5-Star BNCAP Rating For Adult And Child Occupant Protection
- By MT Bureau
- April 20, 2026
European automaker Renault India has announced that its all-new Renault Duster SUV has achieved a 5-star safety rating from the Bharat New Car Assessment Programme (BNCAP).
The results apply across the vehicle's entire range, including the 1.0-litre and 1.3-litre turbo-petrol variants. The SUV scored 30.49 out of 32 for Adult Occupant Protection (AOP) and 45 out of 49 for Child Occupant Protection (COP).
The rating is based on crash tests conducted on the Evolution, Techno and Iconic trims.
Built on the new RGMP platform, the Duster was engineered to meet structural integrity targets for various crash scenarios. Standard safety equipment across all variants includes six airbags, Electronic Stability Program (ESP) and ISOFIX child seat anchors. The vehicle also features Level 2 Advanced Driver Assistance Systems (ADAS), providing 17 active safety functions such as autonomous emergency braking and lane keep assist.
The Duster, which launched in the Indian market last month with a starting price of INR 1.04 million (ex-showroom), is the first Renault model in India to offer this level of automated safety technology. The SUV is backed by a 7-year warranty, positioning it as a highly competitive entry in the mid-size segment against rivals like the Hyundai Creta and Kia Seltos.
Francisco Hidalgo-Marques, VP, Sales & Marketing, Renault Group India, said, “Since the moment of its reveal, the Duster has appealed to Indian customers with its strong SUV design, outstanding ride and handling, and confident performance. With this latest achievement, the Duster now also makes a compelling case for rational buyers combining one of the best fuel efficiency figures in the segment with a 5-star BNCAP safety rating for adult and child occupant protection, and the added reassurance of a best in-market 7-year warranty.”
Dr. V Vikraman, Chief of Renault Engineering, India, added, “This result is rooted in engineering execution on the ground. The Duster was subjected to extensive simulations, physical crash tests, and system-level validations, with a strong focus on real-world Indian driving conditions. From body structure performance to restraint calibration and electronic safety systems, every element was engineered, tested and refined to work together. The 5-star BNCAP rating reflects the rigour of that end-to-end engineering and validation process.”

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