Photo: MintMumbai: Sixteen years after Maruti Suzuki India Ltd entered the used car market, it is sharpening its focus on the business that is expanding rapidly. In the fiscal year 2016-17, Maruti sold 350,000 used cars. Of this, 30% were procured from buyers who traded their used Maruti models for a new one and 22% were certified by the company for quality. The used cars will come with three free services and a year’s warranty and “ensure quality and reliability,” through 376 checkpoints for quality, he said. Mahindra FirstChoice, the multi-brand used car business of the Mahindra group, also boasts of similar attributes, including multi-point checks for quality and assurance.

Source: Mint August 11, 2017 21:33 UTC