Home News Capri Loans paves the way for digital transformation in the Indian auto market

Capri Loans paves the way for digital transformation in the Indian auto market

by Our Corresspondent - May 26, 2023
Capri Loans paves the way for digital transformation in the Indian auto market, News, KonexioNetwork.com

Purchase of51% share -equity in Karat Carlello '

Mumbai: Capri Global Holdings Private Limited (CGHL) , the holding company for Capri Global Capital Limited' – a banking major with the brand name Capri Loans – on behalf of the financial company by acquiring 51% stake in Carlello , India's leading online new wheeler sales platform . Expanded nationally. This strategic investment of Rs 150 crore strengthens Capri Loans' position in the Indian four-wheeler financial market while driving digital transformation and enhancing customer experience .

Capri Loans is the number one new car loan aggregator in the car loan industry , having secured over 60,000 four-wheeler loans in the last financial year alone . A leading company in the financial services industry , Capri Loans has recognized the huge potential in the online new car financing segment. This capital acquisition is a natural progression towards strengthening Capri Loans ' commitment to customer convenience and readiness to meet the evolving needs of four-wheeler loan customers across the country.

on the company's customer-centric approach and Emphasizing the acquisition ,Capri Global Holdings Pvt Ltd's Managing Director and Founder ,Mr. Rajesh Sharma Said , " At Capri Loans , customer convenience is at the heart of our operations. This investment is a testament to our commitment to drive the growth of the online new car sales and financing market while enabling new-age technology entrepreneurs to overcome the challenges of the current market." Through our partnership with Carlello , we aim to meet the ever-evolving needs of customers across the country . Capri Loans recognizes this investment as an opportunity to fuel the expansion of the growing online new car sales market , while prioritizing convenience in terms of financing for customers and advancing the latest solutions in the industry ."

Based on this latest inflow of capital, Carlello will improve its presence , services and technology , which will be used to acquire new customers. The strong services provided on Carlello's behalf will also serve to improve relationships with existing customers. Carlello ' currently has 1,200 associates across 34 cities in India . Who interacts with customers regularly . offering them end-to-end services to meet all their new vehicle-related needs. Apart from this , the company will also handle 8,000+ authorized sales in the country to enhance the digital buying and selling experience of the customers. Carello , an innovator in online new car sales , plans to sell around 7,000 to 8,000 cars per month in the coming years , giving customers a hassle - free car buying experience. The online forum also offers a catalog of 32 brands , 265 models and 1,700 varieties.

Gaurav Aggarwal, visionary CEO of Carlello, expressing his excitement about the partnership with Capri Loans said, " Capri Global Holdings Pvt. Ltd. 's investment is an excellent validation of Carlello's vision to revolutionize the new car sales and buying experience . Today's generation Being technologically savvy, online car sales are bringing unprecedented change to the market. With the growing importance of digital sales and an expected growth of 80% market share in the next two years , rapid penetration of the Internet and smartphones , as well as changing consumer sentiment towards online shopping for high-value goods , this investment spurs our efforts to enhance our services and leverage the latest technology to facilitate seamless vehicle transfers. will get The digital four-wheeler sales sector represents an untapped and abundant market opportunity. Also Carlello and Capri Loans together This can create new constraints in the domain.

Capri Loans knows that today's customers prioritize convenience , transparency and competitive pricing when shopping for a new four-wheeler . With Carello 's user-friendly platform , customers can easily research and compare different car models . Can get price quotes and loan options. Can book test drive online.