4th February 2020: Droom, India’s largest and pioneering online automobile transactional marketplace, is going to present its Ecosystem products OBV, ECO, Credit and other new AI/ML-based innovations at Auto Expo 2020. One of the world’s most premier auto shows, Auto Expo 2020 is jointly organized by ACMA, CII, and SIAM, and will be held from 7-12 February at India Expo Mart, Greater Noida. Droom will showcase its range of tech-led proprietary products and solutions, offering visitors a chance to witness and be a part of an enhanced, seamless, transparent, and empowering end-to-end customer experience.
Droom has been at the forefront of the innovations and developments made in the used vehicles space, being highly instrumental not just in the segment’s sustainable growth but also in its digitization and consolidation. By leveraging new-age technologies like AI/ML, IoT, Data Science etc., the platform has successfully created an ecosystem that addresses all potential concerns and inhibitions regarding used vehicles. While Droom has a whole range of proprietary offerings under its Ecosystem, the brand is going to mainly showcase three of its products—OBV, ECO, and Credit—at the Auto Expo.
Droom’s Orange Book Value (OBV) is India’s first and only algorithmic pricing engine that can evaluate the fair market price of any vehicle in under 10 seconds, thereby eliminating buyer concerns like “Am I paying the right price?” Further, Droom’s ECO offers the most scientific and comprehensive way for inspection of a used vehicle under 1000+ checkpoints, thus addressing prospective buyer’s inhibitions about whether an automobile is genuine or not. And finally, with the country’s most comprehensive, unbiased and independent tool for auto loan processes named Credit, Droom facilitates access to instant loans at feasible credit terms, while simultaneously the process easier, instant, and paperless. Droom will be showcasing these three innovative offerings at the Expo, along with displaying more AI/ML-based innovations that the company has recently worked upon.
In its edition this year, Auto Expo 2020 will be focused on the new technologies and innovations that have emerged or are emerging in the auto industry. Armed by the theme ‘Co-create, co-exist, and celebrate’, this year’s event aims to create an enhanced visitor experience by laying emphasis not just on static display of motor vehicles but also on the ‘Entire Mobility Ecosystem’. Droom’s offerings fall completely in line with this year’s theme and objectives, and will truly represent one of the most significant phases—digitization and formalization of, and innovations in the used-vehicle space—scripting the kaleidoscopic journey of the Indian auto industry.
Commenting on the participation, Sandeep Aggarwal, Founder & CEO, Droom remarked, “Droom Ecosystem is widely acknowledged among the pioneering and most revolutionizing innovations in the auto space, especially when it comes to the used vehicle segment. Through our cutting-edge technology and state-of-the-art offerings, we have succeeded in establishing de-facto industry-standard while catering to all the inhibitions that people have regarding used vehicles. By participating in the Auto Expo 2020, we at Droom seek a better brand-connect with our customers. This will also lead to higher adaptability of our proprietary products, as customers will get to have a first-hand experience of how these tools work. We look forward to showcasing Droom Ecosystem tools at Auto Expo, giving visitors a glimpse into the innovations disrupting the space presently, and the innovations that the future holds.”
The Droom pavilion will be available at stall N10a of Auto Expo 2020, equipped with a a showcase of its offerings along with a fascinating VR gaming section for the visitors.