India, 17th December, 2024 — DriveX, India’s first and largest digital-first auto tech platform for refurbished two-wheelers, is thrilled to announce the launch of its latest store in Bangalore- Varthur. This milestone marks a significant step in DriveX’s remarkable journey of growth, with the Varthur store being one of the 30 new touchpoints established in 2024 alone. These remarkable expansions highlight DriveX’s commitment to delivering unparalleled quality, efficiency, and customer satisfaction across its rapidly expanding network.

With an impressive growth trajectory and a surge of new franchise openings, DriveX has captured the attention of both the automotive industry and entrepreneurs nationwide. The franchise-owned and franchise-operated model has allowed the dealer partners to leverage DriveX’s proven business framework while maintaining ownership and operational control, resulting in a seamless blend of entrepreneurial spirit and standardized excellence.

Key Milestones:

● Over 30 new stores launched in the last 12 months, surpassing industry benchmarks for growth.

● A significant increase in franchise applications, reflecting strong confidence in DriveX’s business model.

● Consistent 95% customer satisfaction ratings across all newly launched locations.

Over the last 30 days, DriveX was triumphant in launching six new stores across Chennai, Hosur and Bangalore. Within Bangalore, DriveX has twelve successfully operating stores in different locations.

“Our business model empowers franchisees to tap into DriveX’s visionary service solutions while ensuring they retain full operational oversight. This approach has been pivotal to our rapid growth and success,” said Narain Karthiyen, the Founder of DriveX and India’s first formula one driver “We are committed to supporting our partners and continuing to set new standards in the automotive service industry.” Narain Karthikeyan, as the chief guest, inaugurated the DriveX store launch in Varthur, which is a unit of Highlander Ventures LLP, on 15th December 2024.

DriveX is built upon the foundation of providing customers with top-quality two-wheelers that are as good as new. This paved the path for factory-refurbished two-wheelers with a 1 one-year warranty, after-sales support, finance support, document transfer and more benefits. DriveX has both a digital and physical presence, which makes it easy for customers from all walks of life to purchase their dream bikes. DriveX provides customers with a whole branded experience, reforming the conventional convictions of the industry.

The remarkable pace of DriveX’s network expansion is fueled by its focus on technology-aided top-quality refurbishment of two-wheelers, transparent pricing policies, and streamlined processes that redefine convenience for vehicle owners. The company’s ability to replicate its success across diverse regions showcases the scalability and strength of its business models, which begin with sales or extend further to sales, procurement and service.