Project report for Used bike showroom


Introduction

A used bike business makes profits by selling used bikes. But an extremely important part of this process is the supply chain - buying used cars from previous owners at a price low enough that it can be marked up. To market and operate your used bike business, you need to attract and work with buyers as well as sellers, and think of both as customer groups. The India used two-wheeler market has displayed a strong growth over the five year period from 2013-2018 on account of increasing income of households, immigration of working individuals in search of work or education as well as greater ...


Market potential & Strategy

 The market for used bike in India is expected to reach a market size of USD 75 billion by 2023, recording a CAGR of 15.2% during the forecast period. The India used bike market has grown at a tremendous pace since the beginning of the 20th century. The main reason for the same has been the emergence of organized players in the market, as these players have taken care of the trust deficit and the plaguing India used bike market since ages. Even a decade back, almost all sales in the India used bike market took place in the unorganized sector. Sellers would palm off substandard products to ...


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