Mumbai | 23rd August 2019 : In a bid to expand its base and serve customers better, Truebil, India’s leading auto-tech platform announced the launch of its new inventory office in Navi Mumbai, Delhi & Bangalore. With the inauguration of this store scheduled by the end of August, Truebil is taking a step further towards its current goal of penetrating deeper in the cities it has already marked its presence in.
With a selling capacity of over 500 cars per store, Truebil is thriving to provide more affordable options of pre-owned cars to meet transportation needs of customers. While the organization is headquartered in Mumbai and already has an influential presence, the new inventory offices will help to expand its customer-base in the three major cities providing one-stop solution for all used car needs.
Speaking about the launch, Shubh Bansal, Co-Founder, Truebil remarked, “We at Truebil are pleased to announce the launch of our new inventory offices in Navi Mumbai, Delhi and Bangalore. Truebil has been extensively working towards strengthening its technology stack and expanding its business across geographies. The launch of these stores, we believe, will mark another crucial step forward in furthering Truebil’s vision of becoming India’s largest used car market aggregator. We hope to continue bringing innovative value-added solutions to the fore, providing the best-in-class experience to all our customers. At Truebil, we are committed towards making used car trading as seamless and hassle-free an experience as possible. Having a stronger physical network across these cities will only help us serve our customers better.”
Truebil is the largest online used car retailer in India at present, offering unique and innovative services including comprehensive warranty and assured buy-back, to cater to its end-customers. The brand leverages its full-stack model, Truebil Direct, to maintain a seamless online to offline integration.
Rapid technological adoption has been the backbone of Truebil’s massive growth. Truebil, India’s leading auto tech company has managed to achieve precious insights on rapidly changing consumer preferences and consequent increase in demand for used cars in recent years. The company leverages this information gathered to build state-of-the-art machine learning algorithms. Following a seamlessly integrated online and offline model, Truebil has developed proprietary tech-enabled evaluation mechanisms such as Recommendation System for personalized user experience, TruePrice to predict the accurate selling price, Procurement Score to determine the right procurement price, and Dynamic Pricing to change the price based on a car’s demand in the market. And TrueScore, Truebil’s super-efficient rating meter. The comprehensive measure gives the customer a fair idea of the condition of the used car. It takes into account several factors like the brand, age, price, mileage, history,etc.and provides a numeric index on the scale of 0-5. Every used car on sale on the Truebil site is given a rating between 0 and 5, which helps a customer to take the right decision. The higher the index, the better the car.