Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jan, 14 2020

Used car marketplace Cars24 eyes to double presence in India in 2020

Currently, the used car marketplace has 200 branches with the latest being introduced in Bhubaneshwar, Odisha.

By Features Writer
Used car marketplace Cars24 eyes to double presence in India in 2020

Cars24 is aiming at doubling its presence across India in 2020 with planned openings of around 200 branches.

Currently, the used car marketplace has 200 branches with the latest being introduced in Bhubaneshwar, Odisha.

The company has strengthened its footprint to 73 cities from 18 cities in 2018. It has also doubled the number of branches from 100 in 2018 to 200 in 2019.

Gajendra Jangid, Co-Founder and Chief Marketing Officer (CMO), Cars24, said, “Given our expansion plan in 2020, we will be adding approximately 200 more branches, perhaps adding 100 more cities to our entire portfolio.”

Cars24 will be focusing more on tier-III and IV towns in the year ahead.

“There is a long trail of tier-III and IV towns, where we are not present yet. We are going to go aggressively in tier-III, tier-IV towns,” he further added.

The firm transacts about 15,000 cars, including buying and selling of used vehicles, on a monthly basis.

Jangid stated, “Although the supply mostly comes from the tier-I cities, demand is high in tier-II and tier-III towns. Approximately 30-40 per cent of the cars which we buy in metros end up going to tier-II and tier-III cities.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Health Care & Fitness
    Spirals Health - a suite of apps and web-based systems..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Drone Power have its own core technology team and we..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size
    Space required 300
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: PapaLouie’s Pizza is now on the mode of developing..
    Locations looking for expansion Gujarat
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Ethnic Stores
    Franchise Owned Company Operated with Minimum Guarantee from India's leading..
    Locations looking for expansion Delhi
    Establishment year 1986
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities