Multi-brand car service chain Carnation Auto, promoted by former Maruti Suzuki India chief Jagdish Khattar, is gearing up for an aggressive foray into the used-car market, with plans to open over 160 outlets across the country in the next three years.
There is a huge potential for the pre-owned car market in India. On an average, about 1.3 used cars are sold for every new car sold in India. Out of the 160 outlets in the next three years, 100 will offer service facilities and also serve as POS for used cars. Booming in the auto showroom segment will bring in a fresh business opportunity for the signage players dealing with graphics, designs and fabrication of the auto outlets.
