Strengthening automotive aftermarket service, Otoklix startup will build its repair shops and explore B2B business schemes and AI-powered technological enhancements.
Heaptalk, Jakarta — Indonesia’s automotive startup Otoklix has obtained its twofold revenue enhancement year-on-year (YoY) in the last two years. If the trend still continues, Otiklix is projected to reach profitability within 12 months.
The Indonesia-based startup will perform multiple business strategies to retain its existence and fantastic growth in the automotive sector. Otoklix aims to build its workshop to uplift margins and explore B2B business schemes to target corporations as its clients. Otoklix also strengthened its strategic collaboration with Pertamina to revive the Bright Olimart service network at Pertamina petrol stations.
Further, in its technological reinforcement, Otoklix is developing artificial intelligence (AI) to automate data processes and diagnostics for better efficiency.
“Our double-digit percentage in positive unit economics also indicates that we are on the right path, and this matter is just the tip of the iceberg. As we close profitability, we are gearing up to capture a larger market share and set new industry standards, making Otoklix synonymous with automotive care in the country,” Co-Founder and CEO of Otoklix, Martin Reyhan Suryohusodo, said.
Otoklix’s aftermarket service standpoint and its solutions
Otoklix realized that Indonesia’s automotive aftermarket is one of the largest in Southeast Asia, with an estimated value of around US$16 billion. However, despite tremendous growth, the industry remains rife with friction on multiple fronts. In Indonesia, startup Otoklix has discovered that car maintenance and repair has long been a hassle, with authorized dealers also saddled with high costs and long waiting times.
Meanwhile, the independent workshop sector, which controls 80% of the market, faces several challenges, including the risk of fraud, lack of standardization, and poor customer service. Moreover, this startup viewed that many of these independent workshops still need to implement paperless methods for transaction management, impacting their growth and profitability.
As delivered by the CEO Martin, “As the sector grapples with challenges, such as lack of standardization and inefficiencies, we view these matters not as obstacles but as opportunities to carry out transformative digital solutions that make vehicle maintenance a seamless experience for owners and drive operational excellence for independent workshops,”
Otoklix provides its standardized and transparent vehicle processing services to overcome this matter. Users can access services at recommended independent workshops and receive transaction guarantees at workshop locations affiliated with this startup.
Besides, Otoklix also grants a customer relationship management system and supply chain management software specifically designed to increase revenue, margin, and operational efficiency to boost its affiliated workshops’ daily operations.
