CarWale abSure creates a network of 62 outlets across the country

Mumbai, Nov 21, 2022: Within a year of kicking off operations, CarWale abSure, the tailor-made platform that delivers world-class online-offline shopping experience for used car buyers and sellers has created a network of 62 CarWale abSure outlets across 36 cities as of September 30, 2022.

The CarTrade Tech-owned entity now aims to have many more outlets by the end of 2023. With a brand promise of 'absolutely sure', CarWale abSure aims to disrupt the used car market by bringing trust, ease and transparency in buying and selling used cars. Additionally, CarWale abSure is also working on a slew of new product initiatives to enhance the process of digital buying and selling of vehicles through collaborations with OEMs, Banks, NBFCs, Dealers, Insurance companies and other ecosystem?players.

CarWale abSure offers its consumers the option to choose a car from the comfort of their home or by visiting the brand's modern showrooms. The 62 outlets of CarWale abSure have presence across Metro, Tier II and Tier III cities such as Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Pune, Ahmedabad, Bhopal, Unnao, Vapi, Salem and Warangal among others. More showrooms are being launched in Mumbai, Bangalore, Surat, Kanpur, Noida, Chennai, Bhopal, Kolkata, Ahmedabad and other cities.

Banwari Lal Sharma, CEO ? Consumer Business, CarTrade Tech said, "I am proud of what the team at CarWale abSure has accomplished in such a short period of time. Used cars industry has been struggling with trust deficit among its consumers and CarWale abSure is striving to bridge that. Within the first year of operations, CarWale abSure is now recognized as a trusted name and is the preferred choice for India's aspirational customers looking for affordable quality used cars.?

"Anticipating a multi-fold growth in the next few years, we at CarWale abSure are confident of providing quality used cars with a new car like buying experience to our customers. By minimizing inadequacies pertaining to procurement, refurbishment, inventory funding and sales, we also intend to increase profitability of our dealers so that they can serve our customers without worrying about their finances,"?he added.

Abhishek Patodia, President ? Used Cars, CarTrade Tech, added?that customers appreciate the clarity, convenience, and hassle-free access to a great selection of high-quality used cars. "To facilitate easy and trouble-free financing experience, we are tying up with multiple financial service providers for a smooth experience for our customers. We intend to bolster our efforts to enable the growth of the used car market in India and tap its full potential," he said.?

About CarTrade Tech

CarTrade Tech is a multi-channel auto platform with a presence across vehicle types and value-added services. The platform got 37 million average monthly unique visitors in Q2 FY23 and based on Q2 FY23 annualized numbers has 1.2 mn listings for auction. The brand's platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz. These platforms enable new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. The brand's vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.?

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