Only 15% of the used car market operates from organized dealerships, according to a study conducted by Mahindra and Mahindra. These were levied on the profit margin of the used car dealers, putting sales volumes under pressure and made their business unviable. Only 15% of the used car market operates from organized dealerships, according to a study conducted by Mahindra and Mahindra Ltd. “A used car dealer is paying the same amount of tax levied on a new car on his profit margin. This was killing the used car market.

Source: Mint January 21, 2018 18:11 UTC