CARS24 Launches Two-wheeler Selling Services On Its Platform

CARS24 has announced that users can now sell their two-wheelers including scooters, moped and bikes on its platform with the help of its channel partner network. In addition to regular two-wheelers, Cars24, which promotes clean energy, is also proactively setting up its platform to enable purchase and sale of electrical vehicles (EVs) too.

According to the latest survey by CARS24, 15% of the consumers who were using cabs as their primary mode to commute before COVID would now like to switch to Two-wheelers. The report further revealed that the demand to shift to Two-wheelers is higher in Tier II cities as compared to Tier I cities indicating that the people are likely to invest more on Two wheelers than four wheelers in the upcoming months. 

Announced with an aim to streamline the selling process of pre-owned two-wheelers as it has successfully done for cars, CARS24, will now enable two-wheeler owners sell their vehicles at the best price without any hassle. The company has further announced that its customers can either book an appointment for a free bike inspection at home via its website or can visit the nearest CARS24 branch. With offerings like instant payment and free RC transfer, the company intends to address all the hassles customers currently face.

Sharing the information, Gajendra Jangid, Co-Founder and CMO said, “Extending our services to two-wheeler owners is natural as India is the largest two-wheeler market in the world and we see a huge potential since pre-owned two-wheeler market is approximately 50% more than the new two-wheeler market. With Cars24's current infrastructure of 210+ branches pan India, we believe we have the power to change and organize the used two-wheeler industry by offering trust and transparency to our customers through technology.

With this, we expect to establish our presence in top 15 cities with an aim of over 50+ branches within the next 6 months to help customers sell two wheelers in an efficient and organized manner. We already have 5000+ channel partners who have shown interest in our new business model and we expect this count to increase to 15000 or more in the coming months”.

To cater to the huge pre-owned two-wheeler market which is 5 times bigger than the pre-owned cars market by volume, the company has announced that it will be leveraging its current infrastructure with the help of technology innovations, to offer world-class services to its market segment.