The Indian Blue Book Report 2023 Underlines Good Uptake In Used Car Sales

The Indian Blue Book Report 2023 Underlines Good Uptake In Used Car Sales

The Indian Blue Book (IBB) report by Car&Bike and Das WeltAuto (the used car division of Volkswagen) has underlined a significant uptake in used car sales in the country. As per the report, the sale of used cars is expected to reach 10.92 million units by FY2027-28 as the supply of good quality cars that were bought post the covid years starts to grow in the market. 

Valued at USD 31.33 billion in FY2022-23 as per the sixth edition of IBB report, the used car market in India is currently witnessing higher demand versus supply in response to the drastic slowdown in new car purchases in the Covid fiscal (FY2020-21).  

Expected to more than double to USD 70.48 billion in FY2027-28 as high-quality passenger vehicles bought in the years after the pandemic, the Indian used car market is in for a good show.

Roughly linked to a phenomenon where the slowdown in purchase of new cars leads to a surge in the demand for used cars, the arrival of passenger vehicles no more than 3.5 to five years of age, the used car market in India is expected to experience good momentum. It is also expected to see some formalisation, according to source, but grow nonetheless on the organised side as well as the unorganised side. The organised side of the used car market in the country is currently an estimated 35 percent. 

As owners of new cars purchased post the pandemic period decide to upgrade, the buyers of used cars are expected to get to choose from high-quality cars, albeit with records and a higher residual value. Budget buyers looking at quality pre-owned cars on the back of being more informed about car technicalities, the present situation points at an increasing availability of cars that are not just well maintained, but are also replete with a good safety kit among other attributes. An example of such an offering is the Volkswagen Taigun, which has managed to retain 80 percent of its residual value after three years unlike the models sold by the German automaker earlier.  

With the make, model and variant turning out to be a big consideration among 71 percent used car buyers, the tendency of buyers to inform themselves well is increasingly witnessed as per the BBI report. Stressing on the fact that majority of buyers are highly budget conscious (63 percent) even as they look for quality cars, the report highlights a pull towards used cars that offer a better safety kit and safety rating. The Volkswagen Taigun for example, is five-star GNCAP rated. 

The sixth edition of the BBI – walking the foot steps of the earlier edition – highlights the fact that 71 percent of the used car buyers also acknowledged overall repairs and servicing costs as a big consideration.

About 45 percent of buyers/intenders prefer local dealers for exploring, followed by auto tech start-ups (26 percent) and OEM backed brands (23 percent). In terms of awareness and preferences of car leasing, 28 percent of buyers were found to be aware of the concept. The indication, as per the report, is that 62 percent of used car buyers would avail of the same in the future.

In the case of used car buyers, warranty and financial assistance topped the list of demands as a service. A majority of them – 56 percent of them – did not prefer an EV used car.

From the vehicle seller’s perspective, 59 percent of them reasoned that they wanted to upgrade to a new vehicle as the reason to do away with their existing set of wheels. Some of them reasoned that it was the sufficiency of having another vehicle. The extra cars bought during Covid-19 period are being sold now, the sixth edition of BBI report highlights. 

What has been aiding the arrival of high-quality cars that were bought during the post pandemic period is being attributed to the fast tracking of auto technology. Automotive tech startups and OEM backed companies are ensuring that the actual Turn Around Time (TAT) to sell a car is down to three days! 

Full payment within 24 hours remains the top priority for sellers followed by vehicle inspection at a location of their choice.

“The pre-owned car market is significantly growing with the potential of it being double by FY2028. The growth primarily comes from the evolving trends and customer preferences while selecting a pre-owned vehicle. A notable shift is the top priority for safety features, a transition similar to the new car industry, enabling a brand like Volkswagen, to be more accessible and in-demand for customers with our 5-star GNCAP rated product portfolio – Taigun and Virtus. The high preference for safety features and standards among customers is positively impacting the residual value of Volkswagen cars, especially the Taigun. We are confident the Das WeltAuto. business, will continue to grow as one of the top certified pre-owned car brands in India for customers,” said Ashish Gupta, Brand Director, Volkswagen Passenger Cars India.

Ashutosh Pandey, CEO & MD, Mahindra First Choice, averred, “The latest edition of the Indian Blue Book, a collaboration with Das WeltAuto. by Volkswagen, reinforces our confidence in the Indian pre-owned car market's explosive growth potential. The increasing involvement of organized players is bringing stability and trust to this market; achieving consistent profitability and providing superlative customer experience remains the top priorities for organised players.” 

Mahindra First Choice Wheels-backed Indian Blue Book launched the first edition in 2015 to highlight the trends in the used car industry in India. Since then, the annual report has been established as the largest and most intensive primary research conducted in India. Since 2022 Das WeltAuto., the pre-owned car brand of Volkswagen, and Car&Bike, a 100 percent subsidiary of Mahindra First Choice Wheels, have co-curated this research report. 

Tata Sierra.ev With 63 kWh Battery Pack Variant Launched At INR 1.87 Million

Tata Sierra.ev

Tata Motors, one of the leading passenger vehicle manufacturers, has introduced its much-awaited Sierra.ev with prices starting at INR 1.87 million for the 63 kWh variant and INR 2.21 million for the 75 kWh variant.

The Sierra.ev is built on a purpose-engineered EV architecture and features a 63 kWh battery pack providing a MIDC range of 565 km per charge and 665km MIDC range for the 75 kWh battery pack.

The EV supports fast charging, with the capacity to add approximately 263 km of range in 15 minutes. Performance specifications include acceleration from zero to 100 kmph in 5.8 seconds and a dual-motor all-wheel-drive setup producing 504 Nm of torque in the top variant.

Shailesh Chandra, MD & CEO, Tata Motors Passenger Vehicles, said, “The Sierra has always stood for more than just mobility. It has been an icon of innovation, aspiration and progress, bringing the future closer to customers. When reintroduced, it once again broke new ground by creating India’s premium mid-SUV segment. Today, with Sierra.ev, we are taking that legacy forward and setting a new benchmark for what an uncompromised premium SUV can be in the electric era. Combining exceptional real-world range, exhilarating performance, intelligent technology, indulgent comfort and go-anywhere capability, the Sierra.ev delivers an SUV experience that is as desirable as it is transformative.”

The tech-loaded Sierra.ev features a triple-screen infotainment system, a 12-speaker JBL audio system and a head-up display. It also gets L2+ driver assistance systems (ADAS) tech. The SUV has a 622-litre boot space, a powered tailgate and also comes with V2L (Vehicle-to-Load) and V2V (Vehicle-to-Vehicle) charging capabilities.

The Sierra.EV features 205 mm of ground clearance and six terrain modes, including snow, mud, sand and rock crawl. The EV includes a lifetime warranty (15-year) on the high-voltage battery.

Bookings for the Tata Sierra.ev have started, with deliveries scheduled to begin on 15 July 2026.

Mitsubishi Motors Teases Multi Meter To Feature In All-New Pajero SUV

Mitsubishi Pajero

Japanese automotive brand Mitsubishi Motors Corporation has announced the upcoming global debut of its Pajero cross-country SUV this autumn.

The new Pajero will now feature a Multi Meter, a digital triple meter display that tracks driving conditions. It provides data including altitude, compass heading, ambient temperature, pitch angles, roll angles and torque distribution. The system displays information intended to assist drivers on inclines, mountain roads, trails, rocky terrain and muddy conditions.

First introduced in 1981, the Pajero has been one of the most successful for the Mitsubishi brand, selling over 3.3 million units, in its 40-year run.

Now in its fifth generation, the Pajero SUV, is set to mark a comeback for the popular model after a five-year hiatus.

BMW Group Extends Sustainability Approach With BMW X5

BMW X5 Sustainability

German luxury automotive brand BMW Group extends its approach to sustainability to vehicle derivatives with the BMW X5, with an aim to optimise the vehicle lifecycle and minimise the carbon footprint across the supply chain, production, use phase and recycling.

Decarbonisation across the supply chain remains a lever for reducing CO2e emissions. The BMW Group focuses on renewables, recycled materials, and process innovations. During the product development process, CO2e emissions of the BMW X5 fell by 40 percent.

The body uses flat steel, of which 50 percent is electric arc furnace steel (EAF steel) with recycled material content, produced using renewables. This share of steel results from collaboration with suppliers in North America.

The BMW X5 uses recycled materials in components, including aluminium wheel rims, swivel bearings, wheel supports, rear axle supports and brake callipers.

Renewables power the electrolysis and production of these components. The aluminium for the doors contains 35 percent recycled material from the press shop at BMW Spartanburg. The material for the yarn of the headliner fabric consists of 100 percent recycled PET. In the BMW iX5 60 xDrive, one third of the vehicle consists of recycled materials, equivalent to a weight of 940 kilograms.

The Gen6 battery cells in the battery of the BMW iX5 include recycled materials in the cobalt, lithium and nickel content. Renewables power the production of anode materials, cathode materials and cell manufacturing. Compared with the Gen5 cell in the BMW iX, CO2e emissions fell by 28 percent per watt-hour.

The EfficientDynamics technology package optimises vehicle efficiency across subsystems during the use phase. This includes aerodynamics, lightweight construction, wheels, tyres and energy management.

The BMW iX5 features the ‘Heart of Joy’ from the BMW iX3 and BMW i3, with the BMW Dynamic Performance Control driving stack developed in-house. The system enhances efficiency: during deceleration, energy is recovered through recuperation down to a standstill.

Depending on the drivetrain variant, mileage and electricity source for charging, the BMW iX5 60 xDrive achieves a CO₂e advantage over a model with an internal combustion engine after one to two years of use.

The sustainability approach extends to vehicle manufacturing at Plant Spartanburg. Power for production at Plant Spartanburg comes from renewables. Between 2006 and 2025, energy consumption per produced vehicle decreased by 66 percent. The volume of waste sent to landfills fell by 88 percent over the period. The battery assembly plant in Woodruff runs without fossil fuels in operation.

The BMW Group will publish the Product Carbon Footprint for the BMW X5, validated by the German Technical Inspection Association (TÜV), to accompany the series launch. The report, including the calculation methodology, will be available to the public. The BMW Group provides transparency regarding raw materials and CO2e emissions across the vehicle lifecycle.

BMW Launches New X6 M60i xDrive In India At INR 17.79 Million

BMW X6 M60i xDrive

German luxury carmaker BMW India has launched the new X6 M60i xDrive, a performance Sports Activity Coupé (SAC) as a Completely Built-Up Unit (CBU) at INR 17.79 million (ex-showroom).

At the heart of the new X6 M60i is a 4.4-litre V8 petrol engine featuring a 48V mild-hybrid system. The powertrain delivers 530 hp and 750 Nm of torque, enabling the SAC to accelerate from zero to 100 kmph in 4.3 seconds, with an electronically limited top speed of 250 kmph.

The SAC comes is equipped with an 8-speed Steptronic Sport automatic with paddle shifters, BMW xDrive intelligent all-wheel drive with an M Sport differential. For handling it gets integral Active Steering and Adaptive M suspension with electronically controlled dampers. The stopping power comes with M Sport braking system with red-painted callipers.

The exterior features a coupe silhouette, slim Adaptive LED headlights with M Shadowline accents and an M-specific kidney grille. The vehicle comes standard with 21-inch M light-alloy wheels.

The interior is anchored by the BMW Curved Display, which houses a 12.3-inch information display and a 14.9-inch control display under a single glass surface. The cabin is upholstered in Sensafin and includes features such as Harman Kardon surround sound, ventilated comfort seats with memory functions, and an ambient light bar. Customers can further personalise the vehicle with optional BMW Individual paint finishes and Merino leather upholstery.

The X6 M60i xDrive runs on BMW iDrive Operating System 8.5 and includes the BMW Intelligent Personal Assistant. Connected features provided through the My BMW app include Digital Key Plus, remote services and real-time traffic information.

Driver assistance systems include a 360-degree surround view for parking assistant, reversing assistant, which records and executes the last 200 metres of steering input. Safety suite features Six airbags, Dynamic Stability Control (DSC), Dynamic Traction Control (DTC) and Cornering Brake Control (CBC).

Through BMW India Financial Services, customers can access BMW SMART Finance, which includes an assured buyback offer of 60 percent after three years or 10,000 km. Financing packages for service, secure advance and extended warranties are also available.

Hardeep Singh Brar, President and CEO, BMW Group India, said, “The new BMW X6 M60i xDrive is an absolute powerhouse engineered to command the road with an unmistakable, muscular stance. Positioned at the pinnacle of expressive luxury, this sports activity coupé is crafted for individuals who demand a distinct lifestyle. At its heart lies the legendary V8 engine, offering raw, emotional power.”