Carnation Auto, India's first independent multi-brand auto solutions network, inaugurated four new pre-owned cars showrooms in the national capital region.
Two new outlets were started at Karol Bagh, one of the oldest and largest used car markets in the country and two more in Gurgaon. These showrooms will provide used cars of all brands certified by Carnation Auto.
Carnation's is one of the largest player in the used car market besides Maruti's True Value and Mahindra's First Choice that also operate in the branded segment. According to market estimates, the used car industry is expected to continue to grow at 18-20% while the organized segment is growing at a higher 40% annually. Carnation is targeting to expand the used car business to over 200 outlets in the next two years.
Jagdish Khattar, CMD Carnation Auto said, "We are expanding our multi-brand used car business through the franchise partnership format across India. We opened our first franchise in Thane just last month, and today we have opened four new showrooms in NCR. We are creating a strong platform by leveraging technology and the web to help unorganized players, who have great potential, towards standardization and developing them as our partner stores."
Carnation currently has 22 certified pre-owned car outlets spread in major cities like Bangalore, Delhi, Gurgaon, Hyderabad, Mumbai, and Pune.
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