Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
OLX 2018-11-27

OLX To Go Offline For Its Used Car Business With “Cash My Car”

The market for the used cars in India is expected to reach $75 Billion by 2023, recording a CAGR of 15.2%

By Content Writer
OLX To Go Offline For Its Used Car Business With “Cash My Car”

The continuous hike in fuel prices, heavier taxes on new cars and access to offline used car sellers are making the proposition of buying a used car more acceptable to Indian consumers.

In recent years, this growing market has given a boost to plenty of second-hand automotive companies. The market for the used cars in India is expected to reach $75 Billion by 2023, recording a CAGR of 15.2% during the forecast period.

One of the leading second-hand automotive companies, OLX has collaborated with Frontier Car Group (FCG) to launch its offline used car selling stores called ‘Cash My Car’. Germany-based FCG, via this partnership, has made its first step into the Indian Market. FCG builds and operates pre-owned automotive marketplaces within emerging markets such as Nigeria, Mexico, Chile, Pakistan, and Indonesia.

Currently, 27 Cash My Care stores are operational across 10 cities, and the company is looking forward for aggressive expansion. They are eyeing to open 150 stores by the end of 2021 across 40 cities.

A Symbiotic Relationship

To build and operate Cash My Car stores across cities in India, OLX and FCG have decided to share their technological resources, expertise and knowledge.

As part of the joint venture, FCG will help set up the technology back-end for Cash My Car and later on help scale the business in terms of operations. OLX will leverage on FCG's know-how of emerging economies, expertise in scaling offline automotive platforms and building infrastructure tailored to the local environment.

Consumer Benefits

With OLX’s Offline store, users can now either sell a pre-owned car directly on the OLX online platform, OLX Auto or offline at a Cash My Car local store. An OLX Cash My Car authorised vehicle inspection agent will physically inspect the condition of the car and the documentation. On the basis of the inspection, the car is then auctioned online to OLX Cash My Car’s partners across cities. The entire process can be completed in 45 minutes. This will not only save the sellers’ time and energy but will also provide quality assurance to the buyer.

Sujay Tyle, co-founder and CEO of Frontier Car Group, said, “OLX Cash My Car will ease the friction associated with selling pre-owned cars by focusing on pricing, transparency and speed.”

Comment
image
image
mobile
address
star franchise india
gurmit arora : 28, Nov 2018 at 10:11 PM
Looking for business opportunity
Saurabh : 05, Aug 2019 at 08:21 PM
Cash my car delarship
Sparsh : 06, Aug 2019 at 06:53 PM
Want to know about franchise
Vikrant Goyal : 12, Aug 2019 at 09:19 PM
Intrested in franchise
Ashish rai : 13, Aug 2019 at 10:57 AM
Business
K.manikasamy : 13, Aug 2019 at 11:41 AM
Need business opportunity in Pondicherry..
Vikrant Goyal : 13, Aug 2019 at 01:07 PM
Im interested in olx franchise
MOHIT MEHTA : 13, Aug 2019 at 02:32 PM
want to know about franchise system
Rahul dwivedi : 13, Aug 2019 at 09:31 PM
I m interested in frenchise
Umesh Sharma : 14, Aug 2019 at 03:49 PM
Please share details
Nizam mullah : 04, Sep 2019 at 01:23 PM
I want car
satbir : 11, Sep 2019 at 06:27 PM
interested in opening olx cash my car store in chandigarh
Related opportunities
  • Management Software
    About Us: We are a technology driven company, focusing on creating..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10000 - 50000
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Haveli Maharashtra
  • Others Health Care & Fitness
    About Us: Protein Shoppe India has been in the nutritional supplement..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Fine Dine Restaurants
    About Us: Moti Mahal Delux Restaurants, your growth opportunity for worldwide..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2000
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Bricks & Cement & Sand Supplies
    About Us: Ambuja Cements Ltd, a part of the global conglomerate..
    Locations looking for expansion Maharashtra
    Establishment year 1985
    Franchising Launch Date 1985
    Investment size
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
ads ads ads ads