DriveX expands nationwide with 30+ new stores in 2024

DriveX, an Indian platform for refurbished two-wheelers, has announced the opening of its new store in Varthur, Bangalore. This is part of the company’s broader expansion strategy, which has seen the launch of over 30 new stores across the country in the past 12 months.

The company’s expansion includes new locations in cities such as Chennai, Hosur, and Bangalore. In the past month alone, six new stores have been opened. DriveX now operates 12 stores in Bangalore. The company utilizes a franchise model, which allows franchisees to manage operations while following DriveX’s established business framework.

DriveX has also reported an increase in franchise applications, indicating growing interest in its business model. The company’s customer satisfaction ratings for newly launched stores stand at 95%.

“Our franchise model allows partners to manage their operations while benefiting from our established systems,” said Narain Karthikeyan, founder of DriveX. Karthikeyan, who is also India’s first Formula One driver, attended the Varthur store launch on 15th December 2024.

DriveX focuses on offering factory-refurbished two-wheelers with a one-year warranty, along with after-sales and financial support. The company combines both digital and physical retail channels to provide a straightforward buying process for customers.