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The Economic Times

Economy / The Economic Times

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As new phones, cars get costlier, Indians turn to second-hand market in droves

Consumers are increasingly turning to used phones and cars as new vehicle prices climb. Refurbished smartphones now make up over a quarter of sales, with the pre-owned car market also seeing significant growth. This trend is driven by higher component costs and price hikes on new models.

19 Jun 2026 12:10 am