New Delhi: GoMechanic, one of India’s largest networks of technology-enabled car service centres, announced a turnaround in its core services business in January. It serviced 30,000 vehicles last month, which is 70% of the peak sales achieved in its entire existence achieved in July 2022. GoMechanic continues to see strong auto servicing volumes in most of its markets, with Delhi-NCR contributing the most. Other top geographies also show good traction, sustaining the business month-on-month in car servicing volumes. In a huge validation of its business model’s robustness and relevant value proposition, 800+ workshops remain active in the network. GoMechanic also added 3000 members to its Miles program, which currently has 60,000 members.
Commenting on the current business scenario, the spokesperson of GoMechanic, said,” First and foremost, we would like to thank each of our stakeholders who stayed with us through thick and thin, particularly the service center partners. The entire founding team remains focused on surmounting the formidable challenge before us and ensuring a sustainable solution and not just a temporary quick fix. Besides recalibration on the business strategy front, we took some painful but unavoidable decisions last month. What is heartening about these numbers is that these have been achieved despite us slashing the marketing costs substantially in January. We’re continuing to invest substantially in upskilling auto service professionals through the NSDC partnership. The real goal we are focused on is achieving operational break-even and profitability at an aggregate, annual P&L level as soon as possible.
The January numbers give us the required confidence.” “We remain committed to empowering the largely underserved workforce of the unorganized Indian automotive service & repair industry. GoMechanic value proposition for these professionals remains extremely robust and we are confident of continuing to attract new workshops and professionals. Combined with strengthening operations and tuning the business model, we are confident of steadily moving towards the above-stated goal,” he/she added.
