DriveX launches 10 new dealership stores in a single day
The company plans to target 50 network points by the end of December 2023, and scale up to 100 dealerships by the end of March 2024
DriveX, a Bengaluru-based fully integrated pre-owned two-wheeler platform, has launched 10 new dealership stores across India in a single day. The strategic expansion aims to create a trusted network anc solidify DriveX's position in the used two-wheeler space with affordable and reliable mobility solutions.
The stores were launched in association with Sree Sukra Automobiles, with additional stores being launched today in Chidambaram, Kacharapaliyam, Patna (2 stores), Darbhanga, Chengalpettu, Thirukannur, Nanded and Aruppukottai—all in one day.
From October 2022-23, the brand has delivered over 8000 vehicles and serviced over 40,000 vehicles, as per the press release and it plans to further expand its network, targeting 50 network points by the end of December 2023.
Looking ahead, it also has ambitious plans to scale up to 100 dealerships by the end of March 2024.
Commenting on the launch and expansion plans, Narain Karthikeyan, Executive Director and Founder of DriveX said, “We are truly delighted with the launch of these stores that bring us closer to our goal of providing a seamless experience to customers looking at credible and affordable vehicles in the used-two-wheeler space. We envision these stores not just as dealerships but as hubs of trust and reliability in the pre-owned two-wheeler market.”
All vehicles are refurbished in-house at DriveX Technical Refurbishment Centre and the company supports its dealers in terms of sales leads and conversion, ensuring dealer profitability. As a result, the company is witnessing its existing dealer network, which was established six months ago, opening multiple dealerships with DriveX.
DriveX was formed by leveraging decades of automotive, technology and BFSI expertise of its founder, Narain Karthikeyan. DriveX provides top quality refurbished two-wheelers to customers and allows them to buy two-wheelers at reasonable prices. The company employs a dual model, utilising both franchise and company-owned, company-operated (COCO) refurbishment centers and showrooms.
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