Renault India ventures into pre-owned car business, comes up with first outlet in Bengaluru
Renault sets its foot into the burgeoning pre-owned car business in India. The company realizes the promise of the used car market in the country and in order to bank on the opportunity it has come up with its first outlet in Bengaluru. Renault India intends to support exchanging, buying and selling of certified pre-owned cars by providing a trustworthy and transparent platform. The company will deal with all brands and will look after all aspects like insurance, finance, warranty and RSA (road side assistance).
This juicy market has geared up since the past decade and with Renault Selection the company wishes to make a full-throttle approach into the pre-owned car business. Mr. Sumit Sawhney, MD and Country CEO of Renault India highlighted that the customers with this platform will be able to take back home best quality of multi-brand used cars, company’s segment defining vehicles will also be available. The pre-owned car market in India is not new but very few are trustworthy and organised. Renault in the past few years have emerged out as one of the strong players in the country, this new business in the automotive space will only strengthen its position in India.
Renault Selection will further expand its operations in Nagpur, Jaipur and Chandigarh. It is being estimated that in the next 5 years the pre-owned car business will grow by leaps and bounds in India and will hopefully be two times more than the new car market. This comes as a relief to the customers as well, as they can now enjoy their purchase without worrying about the dealership’s credibility.