Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Research

| More

46% of women opted for used cars in March 2024 in the country: Spinny Reports

Posted On: 2024-03-30 11:35:50 (Time Zone: IST)


Amidst the ever-changing preferences of car shoppers, Spinny, a leading full-stack platform for used cars, witnessed 31% growth in Q4 FY24 indicating a surge in women buyers. According to Spinny's latest report, 46% of women across the country bought used cars in March 2024 as compared to 35% in Q3 FY24, marking a significant milestone in the used car landscape.

This shift marks a significant change in purchasing patterns, highlighting the increasing reliance on the used car market for automotive needs. As per the data shared, Spinny witnessed Delhi-NCR experiencing the highest increase in women buyers at 48%, followed closely by Bengaluru at 41%, Mumbai at 46%, and Pune at 39%. In the southern region, Kochi saw a remarkable 57% increase in women purchasing Spinny cars, indicating a growing trend across various demographics.

Non-metro cities like Lucknow, Jaipur have 20% growth in women buyers for the month of March.

Mr. Niraj Singh, CEO and Founder of Spinny, expressed his enthusiasm, stating, "At Spinny, we believe it's a woman's world. That's why our 'Lady Luck' promotion, offered during the month of March, featured exclusive discounts of up to Rs. 25,000 on car purchases. By recognising and encouraging women as car owners, we're not just celebrating, but empowering them to go far. The response from both men and women has been overwhelmingly positive, reinforcing our commitment to inclusivity and progress in the automotive industry." He further added, "We are delighted that nowadays more women are meeting their evolving needs and embracing the second-hand car market."

Popular brands such as Renault Kwid, Grand-i10, and Baleno emerged as the favorites among women buyers on the Spinny platform, among women aged 30 to 40 years.

Spinny's comprehensive data analysis reveals a myriad of factors driving this trend, ranging from financial prudence to environmental consciousness and a desire for greater autonomy. As more women embrace the used car market, Spinny remains committed to providing tailored solutions and exceptional service to meet their evolving needs.


Click here to send ur comments or to feedback@equitybulls.com

Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

One Point One Solutions Ltd - A Strategic play in the Indian BPM Landscape | BUY

CRISIL Ratings: For fleet operators, revenue growth to double to 9-11% this fiscal

NHAI's targeted asset monetisation could fetch up to Rs. 60,000 crore in FY2025: ICRA

Kotak Institutional Equities - Economy: RBI's bonanza to the central government

CRISIL Ratings: Revenue of organised gold jewellers to rise 17-19% this fiscal

Ventura initiates coverage on Responsive Industries, sees upside scope of 45% sets a price target of Rs 436

GDP growth to dip to a four-quarter low of 6.7% in Q4 FY2024 from 8.4% in Q3: ICRA

ICRA: Record high number of resolution plans approved under IBC in FY2024

India Inc revenue growth likely moderated to 4-6% in March quarter - CRISIL Market Intelligence and Analytics

Construction sector entities' revenues to grow by 12-15% in FY2025; margins to expand by 25-50 bps: ICRA

MakeMyTrip Report Reveals Where, How, When and With Whom India Travels

ICRA revises banking sector outlook to Stable from Positive

Massive shift in career aspirations as 8 out of 10 professionals eye new career paths this appraisal season, reports apna.co

ICRA: Annual securitisation volumes estimated at Rs. 1.88 lakh crore for FY2024

Addressing data privacy, security and ethical challenges is essential for the responsible adoption of GenAI in healthcare: PwC India report

Retail pools continue to display stable performance across various asset classes: ICRA

ICRA predicts small finance banks will raise over Rs 10,000 crore in FY 2024, up from Rs 6,400 crore in FY2023

CRISIL Ratings: Complex fertilisers volume to grow 4-5% next fiscal

Issuances of securitised debt instruments (SDI) by corporate entities to rise to Rs 100 crore in FY2024: ICRA

Godrej Interio's 'HomeScapes' Study reveals Indians want ‘Me-Time’ at home

GDP growth to moderate to 6.0% in Q3 FY2024, led by agriculture and industry: ICRA

Indian stock exchanges rank first in the world in terms of the number of IPOs in 2023

CRISIL Ratings: After soaring this fiscal, airlines to land >20% operating profit growth next fiscal

Rising frauds propel demand for AI/ML strategies: Experian Study

Cement makers to add 150-160 MTPA capacity by fiscal 2028 - CRISIL

Investor exuberance propelling broking industry performance, MTF achieves a new high: ICRA

CRISIL Ratings: Securitisation volume up ~20% in first nine months of this fiscal

India is fastest growing large economy globally in CY2023-CY 2024 - Pantomath Report

CRISIL Ratings: Market share of gold-loan NBFCs steady despite bank competition

CRISIL Ratings: Vehicle loan AUM to vroom past Rs 8 lakh crore next fiscal

45% of Newbie traders claim that 'not knowing enough' is the primary reason for losses incurred in Futures & Options trading - Sharekhan's survey reveals

CRISIL Ratings: Agri pump makers to see 7-9% revenue growth next fiscal

Indian mutual fund industry likely to sustain its strong inflows in 2024: ICRA Analytics

CRISIL Ratings: Operating profit of offshore rig operators to swell 30% next fiscal

CRISIL Ratings: Organised F&G retailer revenue to grow in mid-teens next fiscal

CRISIL Ratings: Shippers see a further revenue dip of 5-7% next fiscal as charter rates course correct

82% of professionals are concerned about job redundancy due to emerging technologies: Hero Vired Report

UPI transactions witnesses 118% rise at retail stores in 2023: PayNearby Report

Happy Forgings Limited - IPO - A trusted supplier for several Indian and Global OEMs - Reliance Securities

CRISIL Ratings: Penetration of electric buses set to double next fiscal

India's refined copper consumption to grow by 11% in FY2024, despite global headwinds: ICRA

CRISIL Market Intelligence and Analytics - Curb on cane juice for ethanol - Sugar output lift

Stable Repo Rates to Keep the Momentum Going for the Housing Market - Anuj Puri, Chairman - ANAROCK Group

Payback period for investment in sustainable warehouses come down to three years in India: A JLL - IndoSpace report

CRISIL Ratings - Profit margins of cotton yarn spinners to plunge 250-350 bps to decadal lows of 7-8% this fiscal

Government, PSUs, and Defence sector experience 14% upsurge in hiring: foundit Insights Tracker

CRISIL Ratings: Spirits high for organised liquor makers, revenues seen up 13%

Corporate bond market to more than double by fiscal 2030 - CRISIL

Gas Utilities : Gas consumption at record highs, growth now to trickle - Kotak Institutional Equities

Emkay and Geojit increase target prices of LIC, expect over 20% upside


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020