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CredR partners with Honda Two Wheelers to set up bike exchange points

March 23, 2016: CredR, India's online marketplace for pre-owned two wheelers, has joined hands with Honda Two Wheelers India to set up 100 hyperlocal bike exchange access points across four of its key markets in the country. 

This joint venture will include over 30 first hand dealerships in Pune, Delhi, Hyderabad and Bengaluru, CredR said in a statement.

These Access Points will assist customers in exchanging any old two-wheeler for a new Honda two-wheeler and in getting the best exchange value against a fair evaluation of their old two-wheeler on the spot.

The business partnership will soon be seen together at the 'Honda Bike Exchange Mela' to be held between March 25 and March 27, 2016 at six locations simultaneously across Bangalore, Pune and Hyderabad. 

Through this tie-up, CredR aims at facilitating the exchange of 1,500 two-wheelers in a span of 30 hours across these six locations, in a synchronised effort. It also helps in simplifying the buying process, improve customer experience and make the transactions more reliable.

Additionally, to serve maximum customers, the pricing will be driven through a newly launched technologically aided inspection app - CredR's Proprietary Valuation Tool which will analyse the bike engine on a real time basis.

This new tool will help CredR to expand its customer reach, help to expedite the inspection process, thus increasing Honda's exchange conversion ratio from a conventional rate of 2% to more than 40%.