Carnation Auto

Carnation Auto is a multi-brand automotive sales and service company headquartered in Noida, India.

Carnation Auto
TypePrivate
IndustryAutomotive
Founded2008
HeadquartersNoida, India
Key people
Jagdish Khattar
ProductsUsed Cars, Car Servicing
ServicesCar Service, Car Breakdown Service, Car Repair
Websitehttp://www.carnation.in/

History

Carnation Auto was founded by former Managing Director of Maruti Udyog Limited, Mr. Jagdish Khattar in the year 2008.[1] In 2009, Carnation collaborated with DC Design to promote customized mass segment cars in India.[2] In the year 2010, Carnation Auto launches its online marketplace for used cars.[3] On November 7, 2013, Carnation opens India's largest pre-owned car showroom in Noida.[4]

Funding

Carnation Auto has raised funding of Rs.108 crore from PremjiInvest and IFCI ventures.[5] Carnation Auto announced the completion of its 2nd round of Rs. 85 crore from Gaja Capital for expanding Carnation hubs across India.[6] Punjab National Bank has recently filled an insolvency plea against Carnation.[7]

Products and Services

Carnation auto allow customers to buy, sell and exchange pre-owned cars in India.[8] Carnation also provides car repair and service for all brands of cars (multibrand car repair),[9] as well as car detailing services and products. Carnation also provides Insurance and Renewal Claims services,[10] and 24*7 car breakdown service across India. This service is also known as CARE (Carnation Assistance for Roadside Emergencies).[11]

Other services provided include Workshop on wheels, which is a doorstep car servicing facility.,[12] and Carnation franchisee tie-ups.[13]

References
  1. Mishra, Ashish (19 October 2012). "Ex-Maruti Man Jagdish Khattar Aims High with Carnation". Retrieved 21 December 2013.
  2. "DC Design, Carnation tie up for mass segment". 22 September 2009. Retrieved 21 December 2013.
  3. Tiwari, Rituraj (14 October 2010). "Carnation to set up Web marketplace for used cars". The Economic Times (India). Retrieved 21 December 2013.
  4. "Carnation opens India's largest used car showroom in Noida". 7 November 2013. Archived from the original on 17 December 2013. Retrieved 21 December 2013.
  5. "Premji firm to invest Rs 80 cr in Khattar's company". Business Standard (India). 1 October 2008. Retrieved 21 December 2013.
  6. "Carnation Auto® Closes Second Round of Funding". The Telegraph (Calcutta, India). 29 February 2012. Archived from the original on 19 December 2013. Retrieved 21 December 2013.
  7. "Punjab National Bank files insolvency plea against Carnation Auto". The Financial Express. 2017-08-24. Retrieved 2018-01-31.
  8. Jagdish Khattar, Jagdish. "Evolution of India's used car industry". Archived from the original on 20 December 2013. Retrieved 21 December 2013.
  9. Kanth, K Rajani (30 August 2011). "Multi-brand car servicing biz set to grow". Business Standard. Retrieved 21 December 2013.
  10. Press Trust of India (10 November 2013). "Carnation Auto scale up insurance broking business". Business Standard. Retrieved 21 December 2013.
  11. Mahesh, Prashant (11 July 2013). "Car manufacturers offer 'roadside assistance' to beat breakdown blues". The Economic Times. Retrieved 21 December 2013.
  12. "Carnation Auto launches Workshop-on-Wheels". MSN. 9 December 2009. Archived from the original on 18 January 2012. Retrieved 21 December 2013.
  13. "Carnation looking at franchisee model for used-car segment". Business Line. 12 September 2013. Retrieved 21 December 2013.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.