The used car market is gearing up. After Maruti Udyog''s
TruValue second-hand automobiles and the announcement
of a possible entry of Mukesh Ambani''s Reliance Retail
making a possible entry into the second-hand car market,
Tata Motors, the country''s second largest automobile major,
is planning a similar move.
used market is dominated by informal deals, with the organised
sector accounting for only 20 per cent of the business
through players such as Maruti (True Value), Hyundai (Advantage),
Ford (Assured), Mahindra (Automart India) and Honda (Auto
Rajiv Dube, president, passenger
car business unit, Tata Motors, said. "When the time
is right we will go for it...may be this year."
used car network is likely to run though Tata Motors''