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CarDekho Group plans expansion across Southeast Asia in next two years
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Last Updated: Apr 25, 2021, 11:56 AM IST
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The company, which is currently in the process of deploying $25 million for the expansion programme, will enter Malaysia this year followed by Thailand and Vietnam next year
Reuters
Automotive platform CarDekho Group is pressing ahead with its international expansion plans with an aim to be present across South-East Asia in the next two years, according to a top company official. The company, which is currently in the process of deploying $25 million for the expansion programme, will enter Malaysia this year followed by Thailand and Vietnam next year.
CarDekho Group plans to be present across South-East Asia in next two years
In 2016 CarDekho entered Indonesia under the brand name OTO.com. Later in 2019, the group forayed into the Philippines and acquired Carmudi.
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Automotive platform CarDekho Group is pressing ahead with its international expansion plans with an aim to be present across South-East Asia in the next two years, according to a top company official.
The company, which is currently in the process of deploying USD 25 million for the expansion programme, will enter Malaysia this year followed by Thailand and Vietnam next year. The idea very clearly is that we will be a pan South-East 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, CarDekho Group cofounder & President Umang Kumar told PTI.
CarDekho Group plans to be present across South-East Asia in next two years
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