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Analysis · Commerce & Consumer Brands

Spinny discusses used-car value at auto conclave

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Spinny logo
Date
Company
Spinny
What it does
Used car buying and selling platform
Kind
Analysis
Founded
2015
Sector
Commerce & Consumer Brands

What they do

Spinny buys and sells about 15,000 cars per month

What happened

Senior VP Gurveen Bedi spoke at FADA conclave on improving seller value

Why it matters

Company works with Tata Motors, Nissan, Kia, Tesla on vehicle exchange

The details

  • Spinny and FADA held a joint discussion at the 8th Auto Retail Conclave in New Delhi.
  • The theme was 'Bharat in the Driver’s Seat – Inclusive Mobility, Inspired Growth'.
  • The conclave brought together automakers, dealers, and mobility businesses.
  • Topics included vehicle exchange, dealership economics, and technology in the used-car market.
  • Spinny senior vice president Gurveen Bedi spoke at the conclave.
  • Bedi said the company wants consumers selling used cars to receive better value.

The bigger picture

  • The event highlighted the growing role of organised players in India's used-car market.
  • Spinny's exclusive partnership model claims to unlock up to 3% additional value for dealerships.
  • The conclave also covered electric mobility challenges like charging access and state-level consistency.

About the business

  • Spinny buys and sells about 15,000 cars per month.
  • It operates across vehicle buying, refurbishment, retail, auctions, and servicing.
  • Spinny offers a 200-point inspection, warranty, 5-day money-back guarantee, and fixed price assurance.
  • It has 20,000+ fully inspected cars online for customers to browse.
  • Customers can take a test drive at home or at a Spinny Hub.
  • Spinny works with Tata Motors, Nissan, Kia, and Tesla on vehicle exchange.
  • It offers used-car finance with interest rates starting from 12.99%.
  • Additional services include FASTag recharge, challan check, and buyback option.

Founders

  • Niraj Singh, Founder
  • Mohit Gupta, Founder

About Spinny

Product
A platform that helps consumers buy, sell, and exchange used cars.
Customers
Individual car buyers and sellers, plus dealers and OEM partners.
How it makes money
It earns from car sale margins, exchange activity, and related services such as financing and warranties.
What sets it apart
Certified inspection and a managed, end-to-end transaction experience.
Operations
Operates an inventory-backed and platform-assisted used-car retail network.

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