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.”

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Force Motors Limited has announced record-breaking financial results for the second quarter and first half of the fiscal year 2025-26, marking its highest-ever performance for these periods. The company, India's leading van manufacturer, achieved significant growth in profitability and operational metrics.

Financially, the company reported a standalone total income of INR 21.06 billion for Q2, an eight percent year-on-year increase, and INR 44.28 billion for H1, up 15 percent. Earnings saw an even more substantial rise, with EBITDA growing 33 percent YoY to INR 3.87 billion in Q2 and 34 percent for H1 to INR 7.44 billion. Profit After Tax surged remarkably by 148 percent in Q2 to INR 3.50 billion, a jump attributed to the shift to the New Tax Regime. The company also maintains a strong, zero-debt financial position.

This performance was propelled by robust operational success. Domestic sales volume grew by 16 percent in the first half, fuelled by strong demand for its Urbania, Traveller, Gurkha, Monobus and Trax vehicle ranges. The company also saw a 77 percent surge in export volumes. The Traveller platform continues to dominate its segment with a market share exceeding 70 percent.

The landmark results are credited to the strength of the company's product portfolio, operational excellence and a customer-centric strategy. By focusing on its core capabilities in shared passenger mobility, Force Motors has unlocked new growth opportunities. Looking forward, the company remains committed to sustainable growth by enhancing customer satisfaction, strengthening its product portfolio and expanding its international presence in a calibrated manner.

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Tata Motors Passenger Vehicles has announced it will present the Indian Women’s Cricket Team with the first lot of the soon-to-be-launched Tata Sierra SUV following their victory at the ICC Women's World Cup. The Tata Sierra is slated to be launched on 25^th November.

The company will gift the top-end model of the Sierra to each team member as part of its salute to the team’s journey and contribution to the country.

Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, “The Indian Women’s Cricket Team has made the entire nation proud with their extraordinary performance and remarkable win. Their journey stands as a true testament to determination and the power of belief, qualities that inspire every Indian. At Tata Motors Passenger Vehicles, we are privileged to present these legends with another legend, The Tata Sierra. This is our salute to their spirit and the pride they have brought to the nation – Two legends, One spirit, Infinite inspiration.”

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Maruti Suzuki India, the country’s leading passenger vehicle manufacturer, has attained a new milestone by crossing the 30-million-unit sales milestone in the domestic market.

The new benchmark was attained by the company over a course of 42 years, with the first 10 million unit sales taking 28 years and 2 months to achieve.

The 20 million unit sales took 7 years and 5 months, while the recent milestone took just 6 years and 4 months.

Interestingly, the entry-level hatchback Alto was the most preferred model in the country, with over 4.7 million units sold, followed by Wagon R with 3.4 million units and the sporty Swift with 3.2 million units.

The Brezza and Fronx SUVs also played an instrumental role in contributing to the sales milestone, being featured among the top 10 models sold in the country.

It was on 14^th December 1983, Maruti Suzuki India delivered its first model, the iconic Maruti 800, to its first customer.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “When I look at the length and breadth of India and think that 3 crore customers have placed their trust in Maruti Suzuki to realise their dream of mobility, it fills me with humility and gratitude. Yet, with car penetration at approximately 33 vehicles per 1,000 people, we know our journey is far from over. We will continue to make every possible effort to bring the joy of mobility to as many people as we can, while also be an asset to both the economy and the environment at the same time.”

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American electric vehicle maker Tesla has appointed Sharad Agarwal, former Chief Business Officer of Classic Legends, as its new business head, according to a report by Bloomberg.

The report further stated that Agarwal joined the EV maker a week ago and is tasked to drive sales for Tesla in India, which as per industry observers, has not performed as per the company’s expectations.

Agarwal, an automotive industry veteran, had begun his career with TVS Motor Co as Area Sales Manager in December 2002, before joining Mahindra First Choice Wheels as its Business Head for North and Eastern region in March 2007.

It was in January 2013, he moved to Audi India as the head of Sales, before taking over as the head of Lamborghini India in April 2016, where he spent almost 9 years, before joining Classic Legends.

During his tenure at Lamborghini, the Italian super luxury car maker saw its dealerships across India achieved a Return on Sales (RoS) of more than 10 percent, setting a new benchmark for the automotive business in the country. He also grew India’s ranking for the automaker as the third market globally in terms of PR visibility in 2021.

He also expanded Lamborghini India’s reach to over 60 cities, with sales volumes from Tier 2 and Tier 3 cities contributing more than 25 percent of the total.

Tesla, which formally started deliveries in September 2025 with its first dealership in Mumbai and the second facility in Delhi, has till date delivered 114 vehicles, of the estimated 600-plus bookings.

File photo for representational purposes only.

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