Carwale.com ties up with leading car manufacturers

Published on Thu, Apr 10, 2008 at 11:42 |  Source : Moneycontrol.com

Updated at Thu, Apr 10, 2008 at 12:06  

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Carwale.com - a leading automotive portal has helped over a million car buyers and sellers make good automotive decisions during the last year. Carwale.com , ranked no. 9 among the automotive websites category in the world by Ranking.com, is also backed by Seed Fund, India's leading venture fund.

 

Log onto Carwale.com to make the best car decisions! You will also get servicing alerts on your mobile, alerts for paying your car loan EMI, taking your car for a PUC, your vehicle's insurance premium, etc. And all this without any additional costs! CarWale.com has developed special software, which makes this possible. "People who register with us need to give details about their car, and also how many kilometers the car covers everyday. We feed the data into our system and the alerts are generated automatically," says Mohit Dubey, CEO,CarWale.

 

Today, CarWale.com has tie ups with all the leading Car manufacturers of the country and helps them acquire customers at cost lower than traditional means. CarWale's client list includes car manufacturers like Maruti, Hyundai, GM, Tata Motors , Mahindra , Ford, Toyota, Honda, Mitsubishi, Skoda. Finance companies and banks like ICICI , Tata Finance, Deutsche bank, etc.

 

The company, started in 2006 as a portal for buying and selling second hand cars online, has come miles ahead in technology . "Carwale.com has become the ultimate destination for car buyers as they research to make their car buying decision. They get unbiased and reliable information online and are assisted by car experts in their car transactions. We charge only Rs 500 per deal which is very cost effective, while mechanics on the street end up making a minimum of Rs 5,000 to Rs 2 lakh per deal" adds Mr. Dubey.


The website gets approx 35,000 visitors everyday. The figure touched 5,000 within three months of launch. The company closed this year at Rs 4 crore turnover and expects to touch Rs 15 crore by next year. According to industry experts, the four wheeler market is a $30 billion industry in India. And more and more buyers are becoming aware and gathering more information about the car they want to purchase. Dubey concludes, "From the figures available we can say that CarWale influences around 15% of the total new car purchases. This is the reason why we have managed to secure tie-ups with car manufacturers and dealers."

 

Sourced From: Paradigm Shift Public Relations

  

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