Nov 28: OLX, an online marketplace for pre-owned cars and various other products, is set to introduce its offline pre-owned car business. The business named OLX Cash My Car will be in partnership with the Frontier Car Group (FCG).
FCG based in Berlin manufactures and operates pre-owned automotive marketplaces in developing markets. With the upcoming partnership business, the company has decided to share technological resources, expertise and knowledge to build and operate OLX Cash My Car stores in Indian cities.
As per a statement made by the company, with the new business, they intend to provide end-to-end free service for the customers. Inspection of the vehicle and its documentation is also included in this. The car will be auctioned online, post the inspection, to OLX Cash My Car channel partners.
The company claims to offer the best price to the car owners. The payment will be made immediately after the owner accepts the offer. The process, according to the company, will take only 45 minutes. The company will handle all the paperwork required for the transfer and other documents free of cost.
As of now, OLX Cash My Car has set up its stores in New Delhi, Faridabad, Noida, Ghaziabad, Bangalore, Mumbai, Hyderabad, Pune, and Chennai. By 2021 end, the company intends to establish 150 stores in 40 cities.