Motor vehicles are the most standardised Category IV asset — active secondary markets for virtually every vehicle type and model provide direct comparable price data, making the Market Comparison Approach the primary methodology. The specific vehicle’s odometer reading, condition, service history, and accident record are the primary adjustments to the standard comparables.
Motor vehicle valuation benefits from established secondary markets, allowing the valuer to establish a market evidence base before applying vehicle-specific adjustments.
The two largest online used vehicle platforms in India; comprehensive pricing data for passenger cars and LCVs by make, model, year, fuel type, variant and city. CarWale’s C-Score and CarTrade’s valuation tool provide immediate reference prices.
Strong coverage of the mid-market used car segment, providing useful secondary evidence for cross-referencing CarWale and CarTrade market observations.
HCVs, trucks, trailers, tankers and buses have active secondary markets through commercial vehicle dealers, Droom, OLX Trucks and manufacturer-linked certified pre-owned programmes. Make, model and axle configuration are key comparable factors.
Dealer networks for Toyota Industries, Hyster, Crown and Indian manufacturers such as Godrej, Voltas and KION India provide useful used equipment pricing evidence.
From 1 April 2020, BS-VI (Bharat Stage VI) emission standards apply to all new vehicles in India. Vehicles manufactured to BS-IV or earlier standards command a discount in the secondary market relative to BS-VI equivalents because their long-term operational viability can be affected by increasingly regulated markets.
Older emission-standard vehicles may face restrictions in major cities with stricter anti-pollution controls.
The long-term usability of BS-IV vehicles can be affected in markets adopting tighter emission regulations.
The applicable emission standard is considered when adjusting comparable vehicle prices.
The Government Approved P&M Valuer’s certificate for commercial vehicles explicitly notes the emission standard of each vehicle and adjusts the comparable accordingly.
Get professional Category IV valuation support based on market comparables, vehicle condition and applicable regulatory adjustments.