CarDekho, an auto retail and auction platform, recently opened up a brand new store in Udaipur, India. The new store is apart of a grander strategy from CarDekho to open over 200 of their Gaadi store through India by 2020.
The company already has 56 stores in Delhi-NCR, Bangalore, Jaipur, Pune, Lucknow, Ahmedabad, Hyderabad, Karnal and Mumbai. The opening of the store coincided with the opening of a similar store in Jodhpur.
CarDekho Gaadi is gradually expanding its reach in Rajasthan. Udaipur is a historic city and attracts tourists from across the globe. The city has been witnessing a surge in car sales, especially of pre-owned cars. The store aims to be a one-stop destination for customers in the market for pre-owned cars. It will also help customers with RC transfer, loan closure assistance, instant money transfer, and methodical inspection of cars.
Vibhor Sahare, Co-Founder and CEO Gaadi com said, “We have been receiving phenomenal market response on our CarDekho Gaadi stores. Our rapidly increasing operations in cities across the country reaffirm our belief in this segment. The store in Udaipur is part of tour plan to increase our footprint in Rajasthan. Using our expertise in the used car ecosystem, we will continue to build a trusted platform for selling used cars in India.”
According to a study by McKinsey & Company, the used-cars segment in India will continue to grow. It has already become Asia’s third-largest car market. In the last fiscal year, 4 million second-hand cars were bought and sold in the country. Besides, due to the growing focus on the lifespan of cars and stricter norms on emissions and safety, and the upcoming launch of multiple electronic cars, people are wary of purchasing new vehicles.
Read more here
Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.