CarDekho Group, an automotive platform is ready to proceed with its international expansion plans.
The firm aims to increase its presence especially across southeast Asia within the next two years.
The company is already in the process of deploying $25 million towards this goal. If all goes according to plan, the company will launch first in the Malaysian market followed by Vietnam and Thailand.
According to Umang Kumar (Co-founder and President, CarDekho Group). “The idea very clearly is that we will be a pan southeast Asia (player) and all other major markets with our new auto business within the next two years. On the auto finance side, we will probably see enter about three-odd markets.”
“The idea very clearly is that we will be a pan southeast Asia (player) and all other major markets with our new auto business within the next two years”
The company already ranks as the “number one auto site in both Indonesia and the Philippines.” Umang Kumar stated that the company’s strategy in South-East Asia is similar to that which was used in India and proved effect as the firm recorded immense success. The initial priority will be auto, followed by auto finances, and ultimately car transactions.
In addition to providing customers the means to sell and purchase cars, and also to access financing facilities, the company holds the reins of certain websites like CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, and PowerDrift.com.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.