eBay India Motors announced its foray into tractor segment

eBay India Motors Marketplace, the leading online B2B Motors marketplace, announced a significant milestone achieved by the sale of the 100,000^th vehicle on the eBay India Motors platform. Mr. Rajan Mehra, Country Manager, New Ventures & Payments, eBay India, today commemorated the occasion by felicitating the Delhi-based buyer and seller who completed this landmark transaction. Mr. Rana Rekhi of Rana Motors sold a 1996 model Maruti 800 to Mr. Anil Sethi of Sethi Motors on September 23, 2006.

At the occasion, eBay India Motors announced its foray into the fast growing tractor segment, aimed at targeting rural entrepreneurs by providing them with a liquid marketplace and access to a large inventory of vehicles and a wide network of dealers to trade with across geographies. The unique Motors B2B marketplace addresses a Rs. 9000 crore market opportunity.

Addressing the conference, Mr. Rajan Mehra, Country Manager, New Ventures & Payments, eBay India said, “We are proud to announce the sale of the milestone 100,000th vehicle as it connotes the strong dealer network and a wide reach that the platform has been able to garner with time. We would like to take this opportunity to thank all our dealers for their continued support and trust in us.”

Mr. Mehra elaborated, ”In a fragmented market like India, we have been successful in addressing the needs of the corporates and dealers. We plan to extend our platform to the tractors segment to further grow our reach and empower the rural entrepreneurs. This is in keeping with the larger eBay purpose of empowering entrepreneurs around the world. ”

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