Used car sales tipped to cross million mark soon
Economic Times, Thu 11 Jan, 2007
Close on the heels of the new car market, sales of used cars in India are also tipped to cross the one-million mark in 2006-07 as consumers rush to upgrade purchases. Also, constant replacements by car-makers are making second hand cars cheaper, thus boosting sales. Growth in the second-hand car sales, which stood at 30% year-on-year, has already overtaken that of the new car market, which stood at 22.7% for the April-December period. Industry sources say that used car sales are likely to touch the 1.1-million mark before the end of the current fiscal year.
Economic Times, Thu 11 Jan, 2007
Close on the heels of the new car market, sales of used cars in India are also tipped to cross the one-million mark in 2006-07 as consumers rush to upgrade purchases. Also, constant replacements by car-makers are making second hand cars cheaper, thus boosting sales. Growth in the second-hand car sales, which stood at 30% year-on-year, has already overtaken that of the new car market, which stood at 22.7% for the April-December period. Industry sources say that used car sales are likely to touch the 1.1-million mark before the end of the current fiscal year.
Used car market set to grow in 2007
Indiainfoline, Mon 8 Jan, 2007
With the slew of new vehicles entering the market, this may be a good time to purchase a used vehicle or a new previous year model, says CarWale.com The New Year was ushered in with strong auto sales making the Auto Index a major gainer on the Bombay Stock Exchange (BSE), says CarWale.com. The automobile industry has registered a double-digit growth for the third consecutive year in 2006, touching 10.9mn vehicles, up 17% over the last year. Automakers like Honda, Hyundai, Daimler Chrysler, Ford and GM have recently announced their 2007 model lineups, with a total of 18 new cars slated to arrive in 2007.
Indiainfoline, Mon 8 Jan, 2007
With the slew of new vehicles entering the market, this may be a good time to purchase a used vehicle or a new previous year model, says CarWale.com The New Year was ushered in with strong auto sales making the Auto Index a major gainer on the Bombay Stock Exchange (BSE), says CarWale.com. The automobile industry has registered a double-digit growth for the third consecutive year in 2006, touching 10.9mn vehicles, up 17% over the last year. Automakers like Honda, Hyundai, Daimler Chrysler, Ford and GM have recently announced their 2007 model lineups, with a total of 18 new cars slated to arrive in 2007.
CarWale..an auto portal that is trying to be different
Webyantra, Sun 7 Jan, 2007
Given the high involvement that people have with their automobiles, its only time before automotive portals become mainstream like established portals dealing in jobs, matrimonials, travels etc. Leading this trend in India is CarWale, a Mumbai based automotive site that, short of allowing you to actually buy the car online, has pretty much everything you may need with respect to your car. And proof that there is inherent potential in this space in general and in CarWale in particular, is the high profile SeedFund picking up a 30% stake in this portal.
Webyantra, Sun 7 Jan, 2007
Given the high involvement that people have with their automobiles, its only time before automotive portals become mainstream like established portals dealing in jobs, matrimonials, travels etc. Leading this trend in India is CarWale, a Mumbai based automotive site that, short of allowing you to actually buy the car online, has pretty much everything you may need with respect to your car. And proof that there is inherent potential in this space in general and in CarWale in particular, is the high profile SeedFund picking up a 30% stake in this portal.
Seedfund acquires 30% stake in CarWale.com
Alootechie.com, Fri 15 Dec, 2006
Seedfund acquires 30% stake in CarWale.com Seedfund, a $10-million fund recently launched in India, has made its first investment by taking a 30 per cent stake in Automotive Exchange. AE owns car portal CarWale.com that lists over 10,000 cars from 200 cities in India.
Seedfund invests in CarWale.com
NewMedia@Work, Fri 15 Dec, 2006
Seedfund, an early-stage investment fund has announced that it has taken close to a 30 per cent stake for an undisclosed sum of money in Automotive Exchange Pvt Ltd, the company behind CarWale.com. Seedfund - 'the small fund with big backing' - was announced in November 2006 to encourage new entrepreneurs looking for initial funding for an innovative business idea. Carwale.com marks Seedfund's first investment.
Indian fund signs its first check, backing Automotive Exchange for undisclosed amount.
RedHerring.com, Thu 14 Dec, 2006
Seedfund, a $10-million fund launched in India in late November, announced Thursday it was taking a 30 percent stake in Automotive Exchange (AE) for an undisclosed amount. The amount raised will mainly go toward scaling the company's car portal CarWale.com. AE started out as a software company two years ago. CEO Mohit Dubey and three co-founders set out to write software for car dealers, which they sold to 25 dealers, mainly in Mumbai and New Delhi. AE managed the web-enabled versions of the software for the dealers, as they had little expertise to do so themselves.
Seedfund Picks Up 30% In CarWale.com
vccircle.com, Thu 14 Dec, 2006
Seedfund, the newly floated early stage fund, has made its first investment - in auto classifieds portal CarWale.com. The Mumbai-based fund said in a statement that it has picked up close to 30 per cent in CarWale.
Seedfund Debuts With Investment In CarWale.com
contentsutra.com, Thu 14 Dec, 2006
Seedfund, the newly formed early-stage investment fund, has announced its first investment. It has taken close to a 30 per cent stake for an undisclosed sum in Automotive Exchange Pvt Ltd, the company behind CarWale.com. CarWale is an auto classifieds portal, and it also helps car buyers do research before they pick up their used or new car. CarWale is founded by Mohit Dubey.
Paisa Vasool
DD News, Sun 2 Dec, 2006
TV Show "Paisa Vasool" telecasted on DD News at 1030 Hrs on Sun 2 Dec, 2006
Used cars: Easy search
The Hindu Business Line, Sun 2 Dec, 2006
Buyers and sellers of pre-owned cars now have another online option, this time courtesy the Web site www.CarWale.com. According to Mohit Dubey, CEO, CarWale.com offers a multi-layered search facility from among the cars available for sale online. A prospective buyer can specify his requirements of the type of car, vintage and price range. The system matches it with the pool of cars available conforming to the specification given.
Paisa Vasool
DD News, Sun 26 Nov, 2006
TV Show "Paisa Vasool" telecasted on DD News at 1030 Hrs on Sun 26 Nov, 2006
Autos Online
Business India, Sun 19 Nov, 2006
Here is an automobile industry Web site with a difference. In fact, what makes www.CarWale.com distinctively different from a host of similar efforts is the exhaustive information package the site offers. Essentially targeted at car buyers and sellers, the site has numerous interesting sections to keep an ordinary visitor busy, leave alone an auto enthusiast. For buyers and sellers, the site exhibits various offers and provides them hordes and tips on value buying, maintenance, EMI calculating tools, car valuation system, etc. in addition, it has sections 'research cars', 'compare cars', 'finance and insurance', articles, road tests, insurance calculator, service centers and so on. The home page is packed with basic information on various used cars on offer, car comparison, and an extensive review of car, news and research. The site is backed by a network new car and pre-owned car dealers who provide stock details, quote, and other services to potential customers. Worth a visit
"Buying and selling used cars"
DD News, Sun 19 Nov, 2006
TV Show "Paisa Vasool" telecasted on DD News at 1030 Hrs on Sun 19 Nov, 2006. (view video clip)
E-commerce in India may grow by 95%; to touch Rs 23-billion mark
Alootechie.com, Thu 28 Oct, 2006
Indiatimes has talked with Murugavel Janakiraman, CEO of Bharatmatrimony.com, Glynn Willet, CEO of Tutorswithoutlimits.com, and Mohit Dubey, CEO of CarWale.com on how they perceive the future of internet in India
Boom 2: The re-birth of internet
Economic Times, Thu 26 Oct, 2006
Steve Jobs is a good example for a kind of guy which turned the IT industry around. A young technology loving guy (some would call him a nerd), able to take a risk, able to observe somewhat his environment to shape his ideas the right way. This is a tricky part because it is necessary to observe just the right amount. The idea might go beyond what somebody can imagine now.
Economic Times, Thu 26 Oct, 2006
Steve Jobs is a good example for a kind of guy which turned the IT industry around. A young technology loving guy (some would call him a nerd), able to take a risk, able to observe somewhat his environment to shape his ideas the right way. This is a tricky part because it is necessary to observe just the right amount. The idea might go beyond what somebody can imagine now.