Naspers-owned OLX Cash My Car recently announced the opening of its 50th store in Bandra, Mumbai – a milestone for the brand’s strategic expansion plans in India. OLX Cash My Car has continued to expand its footprint aggressively with presence across 10 key cities in India, since its launch in August 2018. During the last month itself, OLX Cash My Car clocked around a couple of thousand transactions from its existing network of stores, underlying the strength of its reach and customer base.
In keeping with the company’s ethos of building scale, OLX Cash My Car plans to expand its operations to have 150 pre-owned car stores by end of 2021 spread across 40 Indian cities. Today, the 50 OLX Cash My Car stores are operational in 10 cities – New Delhi, Gurgaon, Faridabad, Noida, Ghaziabad, Bangalore, Mumbai, Hyderabad, Pune, and Chennai. Majority of these stores are in Mumbai, Delhi-NCR and Bangalore, regions that make up nearly 65 per cent of all car sales demand.
In order to enhance its network and facilitate high quality services, OLX Cash My Car will focus on engaging deeply with its channel partners network. It will target to reach 6000+ channel partners across India through 50+ meets throughout the year. These are conceptualised to educate partners about the emerging trends in the pre-owned automobile market, host workshops with experts from the industry, and promote knowledge sharing on regulatory developments in the automobile sector.
