"To ensure a smooth customer experience and to make the selling and buying process transparent, the company has further introduced several industry-first services such as buyback guarantee, car condition verification and accessible consumer financing," the company said in a statement.
"Over the next four years, the Bengaluru-headquartered firm is expecting to derive 25 per cent of its revenues from government transport corporations, as compared to 9-10 per cent as of now." said Prakash Sangam, Chief Executive Officer of RedBus.
CredR uses both online and offline platforms to offer consumers retail experiences through the company's chain for over 50 franchise showrooms throughout India including Delhi, Jaipur, Kota, Pune, Bengaluru, and Hyderbad.
Umang Kumar, the President of CarDekho, said the start of his group’s Philippine operations is in line with the company’s strategy of expanding into Southeast Asia, a market seen by many think tanks as a new powerhouse in the global economic market.