DriveX opens 7th Bengaluru store, deepens Karnataka used-bike footprint
DriveX launched its seventh company-owned (COCO) store in Bengaluru's Ganga Nagar, extending a network of 50+ company-owned and franchise outlets. The platform bundles financing, warranty, and after-sales support to organise India's fragmented pre-owned two-wheeler market.
What happened
DriveX, a pre-owned two-wheeler platform, opened its seventh COCO store in Bengaluru's Ganga Nagar, expanding its Karnataka footprint. The retailer runs 50+
Key facts
- 7th COCO store in Bengaluru
- 50+ outlets
Why this matters
DriveX's bundled financing-warranty-after-sales model in a fragmented category makes it a candidate for partnership or acquisition by OEMs and lenders seeking organized pre-owned distribution in South India.
What to watch
- Monthly outlet additions and COCO-vs-franchise mix shift
- Financing attach rate and average ticket size disclosures
- Competitor used-two-wheeler store rollouts in Karnataka
- OEM captive used-bike program launches
- Fresh funding round or unit-economics profitability signals
- Expand embedded financing tie-ups with NBFCs/banks to raise attach rates
- Deepen certified-warranty and after-sales service revenue as recurring margin layer
- Launch or scale digital inventory/pricing platform to match online-first rivals
- Enter adjacent Karnataka tier-2 cities (Mysuru, Hubli) using Bengaluru as hub