With 2nd hand Vehicle market booming in India, the companies are finding solutions to automate the price detection of the 2nd hand vehicles.
They still use manual price checking approach to estimate the price of the vehicle resulting in a lot of unneccessary cost & unfruitfull hours for the organization.
The Indian used car market was valued at USD 32.14 billion in 2021, and it is expected to reach USD 74.70 billion in 2027, registering a CAGR of 15.1% during the forecast period (2022-2027).
The pre-owned car market recorded sales of 4.4 million units in FY2020 compared to only 2.8 million units of new passenger vehicles in the same year.
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