The brand is further planning to have 150 pre-owned car stores by the end of 2021 spread across 40 Indian cities.
Naspers-owned OLX Cash My Car has launched its 50th store in Bandra, Mumbai. This is a milestone for the brand’s strategic expansion plans in India.
Since its launch in August 2018, OLX Cash My Car has continued to expand its footprint aggressively across key cities in India. The brand is further planning to have 150 pre-owned car stores by the end of 2021 spread across 40 Indian cities.
Currently, OLX Cash My Car has 50 operational stores in 10 cities, including New Delhi, Gurgaon, Faridabad, Noida, Ghaziabad, Bangalore, Mumbai, Hyderabad, Pune, and Chennai.
Amit Kumar, VP New Ventures at OLX India, said, “This is a very exciting time for the pre-owned car market in India, and by extension, for OLX Cash My Car wherein the industry is ripe for disruption. The growth we’ve seen in such a short period of time is a testament to the above.”
“The market has responded exceptionally well, and we are excited to expand our operational footprint. This expansion, aimed to reach the same eminence as OLX in the online classifieds space, will ride on the back of OLX India’s national reach, recognition as the industry’s leading brand, and continued investments in people and technology,” he added.