Jaipur – based Girnar Software which owns auto portal CarDekho has firmed up plans to invest $ 20 million (approx. Rs 150 crore) in its used car business in the ongoing financial year. With this investment, the company plans to open 50 exclusive franchise stores and 200 Retail Trustmark locations in FY 20-21 and over 1000 Retail Trustmark Locations by 2022. The first of these excluive franchise store opened in Jaipur Monday, to be followed by stores will be in Delhi NCR and Bangalore respectively. These Trustmark stores will ensure similar user experience one gets while visiting a showroom for buying a new car. Amit Jain, co-founder, CarDekho said, “There is a surge in demand for used cars as this pandemic has reinforced the need for a personal vehicle. In FY20, there were 1.3 used car transactions for every new car transaction. We see this number going well above 1.8 times in the current year as people prefer personal mobility at a...
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