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Thousands of cars are being sold and resold in India every month without proper transfer of ownership — exposing India’s pre-owned car industry’s ugly underbelly
The white Hyundai i20 that went up in flames near the Red Fort on November 10 had changed owners at least four times. Yet, the registration certificate still bore the name of its first owner from 2014.
How can a car be sold and resold so many times without leaving a paper trail? The answer lies in India’s largely unregulated used-car market — a sector that’s growing as fast as it is growing unruly.
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