Definition 1 of 2
Apparently a way of describing any woman who is not a sati savitri and who therefore must be a ultra-fast POMO chick of some sort. Though why one would compare ladice of any type to used goods is beyond comprehension.
The term is perhaps derived from the "make-up" that needs to be applied before selling a "banged-up" gaddi on the second-hand market. Imagine buying a "lightly used" Yezdi for sale in a chor bazaar. The chalu seller hides the dent with the paint and with a straight face say it's first class and jugaad-free. Such must be the attitude of any woman standing up against the excessive bandobast in Delhi today. Whattey naansense, I say!
Popularized by our very own Pranab da's very own Bangla son: Abhijit Mukherjee, one can also say it refers to the anachronistic and chauvinistic Uncleji ideologies that passes off as cultural leadership in India today.
Or read the translation below...
"What's basically happening in Delhi is a lot like Egypt or elsewhere, where there's something called the Pink Revolution, which has very little connection with ground realities. In India, staging candle-lit marches, going to disco - we did all this during our student life too, we were students too - I know every well what kind of character students should have. Those who claim to be students - I can see many beautiful ladice among them - highly dented and painted - they're giving interviews on TV, they've brought their children to show them the scenes. I have grave doubts whether they're students, because shundoris of that age are generally not good students."