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
More than 74 per cent of electricity used at public charging stations in FY26 went to heavy-duty chargers serving electric buses, trucks, high-capacity passenger coaches and commercial fleets
The industry's next phase will be determined by whether the country can make charging more accessible, build dependable service networks beyond major cities
