India’s pre-owned EV market may eventually be shaped by more than battery health and depreciationwhether a used EV is practical for the buyer at all
Banks and NBFCs have decades of resale and depreciation data for internal combustion engine vehicles, allowing them to estimate collateral value relatively confidently
India’s pre-owned EV market is emerging just as the country’s electric vehicle base begins to mature
The investment will be spread over the next five years and funded through internal reserves, equity and future cash flows, with limited use of debt
