India's used EV market braces for 20-25% growth as financiers and organised retailers step in
Spinny partners with JSW MG for certified refurbishment while Bajaj Finance explores future-value products. Organised transactions seen rising to 8,000-12,000 in FY26 from 2,000-3,000 in FY25, with certified units commanding ₹40,000-70,000 premiums.
India's used EV market is entering a growth phase, expected to expand 20-25% next year, as financiers like Bajaj Finance explore future-value products and organised retailers like Spinny partner with JSW MG for certified refurbishment.
Why this matters
Extends Spinny's trust-led push in the organised used-car market, which eyes $70B by FY31, and follows its recent funding raise leading India's consumer bets in H1 2026.
retail-company theme accelerating at +711100% QoQ.