As apart of this partnership, InstaCars has combined TPL Corp into their platform to let consumers who are searching for used cars to also get an insurance quote and tracking device installed for better data on the car. Consumers can also look through TPL's insurance and tracking devices at InstaCars' physical retail branches throughout the country.
The Head of Sales and Franchises for InstaCars, Naeem Abbas Waraich, said, “We at InstaCars understand that buying a used car can be a difficult process given how unregulated the used car market in Pakistan is. Our aim, to simplify the process for buyers, fits perfectly with our partnership with TPL Corp. Saving the buyer’s time, reducing the hassle and mitigating the risk of buying a used car is at the forefront of this partnership.”
Muntafa Perache, the Chief Commercial Officer for TPL, also discussed the partnership saying, “This partnership is in line with our vision of disrupting the auto segment in Pakistan by extending our services to InstaCars. I am confident that this venture will create strategic synergies in the insurance and asset tracking industries, with our promise to provide security and safety to the growing used car market.”
TPL is a technology focused company that currently has investments in life insurance, security, asset tracking, navigation services, real estate, and other technology startup companies.
The company focuses on new technologies that disrupt the current market with an emphasis on digital. TPL believes a main focus of their strategy should be diversifying their investment portfolio that will include healthcare, education, and the environment.
InstaCars currently has physical branches throughout Pakistan including in Lahore, Islamabad, and Karachi. The company focuses selling pre-inspected used vehicles that consumers can shop from throughout the country and includes simplified paperwork and safe transactions.
InstaCars hopes to make the consumer car buying process a much better experience by making it easier and safer.
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