The Used Two-Wheeler Industry at a Glance

Indian Two-Wheeler industry has almost doubled in past seven years and today we have a mind boggling figure of 16.5 million units sold a year making it one of the world’s largest markets.

The humongous size of the two-wheeler industry has given an obvious rise to the pre-owned two-wheeler industry. Last year the size of pre-owned two wheeler segment was estimated to be 40% of the new two-wheeler market. Today 3 out of 10 two wheelers sold are used ones. The size stands at a huge figure of 6.6 million units which is even bigger then he entire African continent's new two-wheeler industry. It is estimated to have grown 20-25 per cent annually in the past five years.

As the market is growing the pre-owned segment has attracted major payers to step in and have a bite of the cake. Shriram Automall, which is one of the most trusted platform for exchange of used vehicle & equipment in India states that the launch of new models and the changing mentality of people to go for a pre-owned Two-wheeler instead of a new one has given the rise in demand. Currently the company offers the most extensive line up of used two wheelers of all makes & models at over 55 locations in the country.

Major players like Honda Scooter & Motor Cycles India Limited (HMSI) have tied up with Shriram Automall to facilitate exchange of used two-wheelers in a hassle free manner which is helping the company to boost sale of new two-wheelers in various locations.

Sameer Malhotra, CEO Shriram Automall said “the used two wheeler market is currently very unorganized, however it offers great potential that is the reason why many new players are stepping. What makes Shriram Automall different is its organized approach & transparent process and that is the reason why big fishes in the market is tying up with the company”