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The company operates 202 branches across 73 cities in India as of 2019. [10] Apart from its own branches, the company has a tie-up with more than 10,000 channel partners across 230 cities in India. [8] The company touched 150,000 annual car sales in 2019. [5] Old logo of CARS24. In May 2020, the company launched CARS24 Moto. [11]
OLX's operations in India, like other online retailers, has faced problems with fraud and faced problems with people selling stolen vehicles. In combating fraud, nearly 25% of the car listings get rejected by its systems to protect users from fraud. [36] [37] In August 2023, OLX's India business was acquired by CarTrade for ₹ 535.54 crore. [38]
Post covid, Zoomcar doesn't own and operate any cars on its own in India and has shifted to marketplace model, where private car owners (hosts) list their cars on Zoomcar, Zoomcar rents them to its customers, keeps a cut from earning and passes the rest to vehicle owners. Commercial use of whiteboard car is illegal in India. [41]
According to The Economic Times, 60% of Indian customers expect fuel prices to go up in the next 12 months and 58% expect to buy a new car in the same time frame. Most consumers are looking to buy a car which gives good mileage. According to the same source, 68% of Asian drivers expect higher mileage from their cars due to the higher fuel prices.
All of the M series and high-end models are not manufactured in India. Mini India: 2013–-present: Citroën India: 2021–present: Stellantis: Fiat India: 2016–present: Honda Cars India: 1995–present: Honda: Hyundai Motor India: 1996–present: Hyundai Motor Company: Foreign manufacturer with highest market share Kia India: 2017–present ...
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In September 2008, Renault India opened its fifth global vehicle design studio in Mumbai. [5] In March 2010, Renault India and Nissan India opened a production facility in Chennai, [6] which was established with an initial investment of Rs 45 billion (US$990 million). The plant has a combined annual capacity to produce 480,000 vehicles.
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