CarInfo celebrates a new milestone, by surpassing 50 million app downloads. With a substantial surge in users and increased time spent, the platform achieved remarkable 30% growth over the past two quarters. Demonstrating a high adoption rate in installs and average user engagement over recent months, CarInfo remains a driving force for digital inclusion within the AutoTech industry.
CarInfo has rapidly transformed into a comprehensive vehicle management platform. It helps users beyond information services- streamlining various car transactions such as FASTag, challans, vehicle services, and car accessories. Evolving into the ultimate platform for vehicle enthusiasts, the company recently unveiled the AI-based Assistant, aiding in seamless car buying decisions. Moreover, with the introduction of a dedicated merchant app, CarInfo has curated an ecosystem facilitating secure and convenient transactions between vehicle owners and merchants, effectively revolutionizing the purchase experience. Having conducted over 500,000 challan searches, CarInfo stands as a frontrunner in the AutoTech industry.
Commenting on the development, Founder and CEO of CarInfo, Sahil Ajmani said, " CarInfo's accomplishment reaffirms our dedication to revolutionizing the vehicle ownership journey in India. With nearly half of households owning bikes (according to World of Statistics) and passenger vehicle registrations growing at a rate of 20% year-on-year (per FADA report, Sep 2023), the industry experiences notable demand. Amidst this dynamic landscape, CarInfo emerges as a key player, ready to transform the sector. Our commitment to delivering an all-inclusive platform resonates with the evolving needs of the Indian consumer, ensuring transparency, convenience, and peace of mind across all aspects of vehicle management.”
During the recent festive period, the platform witnessed a remarkable 150% year-on-year increase in transactional users compared to the 2022 season. This demand surge spanned various transactional activities such as car purchases and sales, Challan payments, auto loans, and FASTag-related transactions. Furthermore, CarInfo is actively collaborating with prominent automobile industry players to enhance its customer experience on a unified platform. This initiative reflects CarInfo's commitment to simplifying and streamlining the vehicle management experience for its customers.
CarInfo's future vision involves expanding into new regions, adding advanced features, and heavily investing in AI and deep tech for personalized experiences. The company aims to simplify decision-making for both car and bike owners by integrating cutting-edge AI technology. Committed to enhancing user experience, CarInfo is focused on offering seamless, secure, and one-click transactions. Additionally, they're eyeing growth in the EV sector, especially in two-wheelers, within the Indian Auto Industry, emphasizing their dedication to empowering users with effortless decision-making and secure transactions through technological advancements.