Are Maruti Suzuki’s Strong Hybrid Powertrains The Best Engine...
- Apr 25, 2024
- Views : 24419
Carnation Auto, a multi-brand auto sales and service network started by former Maruti managing director Jagdish Khattar, is on an expansion drive. The company, started in early 2009, will enter newer cities while also expanding on the internet for car retail business.
Khattar said the company will follow the franchisee route as it moves to newer cities. Carnation currently runs 24 multi-brand service hubs, 17 second-hand vehicle outlets and over 50 mobile workshops. It is present in 16 cities, which include Jalandhar, Ludhiana, Chandigarh, Noida, Gurgaon, Mumbai and Chennai through company-operated stores.
"There is tremendous opportunity in the business and we are servicing cars from various brands at our outlets ," he said.
The company has raised about Rs 190 crore and the investors include Gaja Capital Partners, Premji Invest and IFCI Ventures. Khattar did not disclose his holding in the company or of the other financial investors. Asked whether the business is making operational profits, he said, "It depends from location to location."
Carnation will now be expanding its bouquet of offerings and is looking to offer car insurance facilities from its outlets. The company, however, has faced issues on parts availability as sometimes car companies are not ready to sell them to workshops outside their dealer network. Khattar, however, said that the matter is not a serious issue as parts of the big manufacturers are readily available and only a handful of companies hold on to such supplies. The matter is already under consideration of the Competition Commission of India.
Khattar said Carnation is getting customers in the form of fleet operators as well as individual car owners. "The independent multibrand concept is now well accepted and will grow further."
Are Maruti Suzuki’s Strong Hybrid Powertrains The Best Engine...
Mahindra XUV 3XO (XUV300 Facelift) Launched With Significant Design...
3 New Major Design Details Mahindra XUV 3XO Will Pack Over...
Tata Curvv: A Much Clearer Look At Its Interior Ahead Of Its Unveiling
2024 Mahindra XUV 3XO Interior Revealed: Old vs New Compared
Overview In 10 Images: Mahindra XUV 3XO Mid-Spec MX3 Variant
10 New Features Expected In The Upcoming 2024 Mahindra XUV 3XO...
Mahindra XUV 3XO: All Details You Need To Know In 10 Images
5 Features Upcoming 2024 Maruti Suzuki Dzire Is Expected To Get Over...
India's largest automotive community