The Country Manager for CARS45, George Festus Mensah said, “The second-hand or used cars market must be structured in the country where every car must have a history in a database to make it easy for selling, buying and swapping cars in the country.”
"Since OLX is a classifieds platform, our users are interested not only in one category, but in several, for example, someone who might be interested in buying a second-hand car may be a prospective buyer for real estate," said Shukla, adding that this 'cross-pollination' of sorts, makes it possible to contact users 20-30 times per year.
"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.