Pre-owned Cars/Bike
Mahindra to hire people for pre-owned vehicles biz
Jul 20th
Mahindra FirstChoice plans to hire over 250 people by 2015 for its pre- owned vehicles business, even as it gears up to meet the target of selling 100,000 units every year by 2014.
“There is a huge demand for second-hand vehicles… Our target is to sell 100,000 pre-owned cars every year by 2014. Accordingly, our staff strength will also increase and it will be more than double from the existing number of employees,” Mahindra & Mahindra President (HR, After-Market, Corporate Services) Rajeev Dubey told.
The pre-owned vehicle division of the company — Mahindra FirstChoice — employs about 250 people at present. Stating that it sold about 18,000 vehicles in 2009-10, he said that it aims to achieve sales of over 36,000 units this fiscal.
Goa: Used car sale on 20th & 21st March
Mar 19th
N. D. Naik dealer for Tata Motors will be having a Used vehicles sale at the V.N Naik road at Fatorda on the 20th and 21st March, 2010 between 9:00 am and 5:30 pm.
BMW to start used car business in India by April
Mar 18th
Now you can own a BMW at a cheaper price. German luxury carmaker BMW said it will start its used car business, ‘BMW Premium Selection’, in India by April this year.
Auto wanted
Feb 20th
We buy all types of vehicles any model any make 4 wheeler, 2 wheeler or scrap vehicle (sold by owner only)
Contact: 9850729255
Updated on 20-02-2010
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Misc Classifieds
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Updated on 20-02-2010
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Mercedes-Benz eyes brand for pre-owned cars
Mar 31st
Luxury car maker Mercedes-Benz India could start a new brand to sell pre-owned cars under its existing dealership tie-ups this year.
“As an organisation we are actively looking at this proposition and this is high on our priority list,” said Debashis Mitra, director, sales and marketing, Mercedes-Benz India (MBI). He added that in India the used car market is not a very organised one, and cars are usually sold through dealer driven initiatives.
Currently, Mercedes-Benz India is working on ramping up the existing dealer network that includes 13 dealers having outlets at 25 locations. “The existing partners are in the process of investing around Rs. 150 crore to upgrade facilities, add new space to the dealerships. Around Rs. 45 crore has already been invested and the remaining would be spent within this year,” Mitra said. Part of this Rs. 150 crore upgradation plan would be spent on developing these new spaces that will house the used Mercedes section at existing dealerships.
“The demand for used cars is steadily growing, especially from customers who want to own a Mercedes but are uncomfortable with the price tag and already own a premium sedan,” said Hiteshwar Singh, chief executive officer, Interkrafts, the only MBI dealership in eastern India. Mercedes has sold around 17,000 cars in the country since its entry in 1995. Currently, around 25,000 Mercedes cars ply on the Indian roads that includes cars that were shipped from abroad, informed company officials.
The luxury car segment had clocked a 76 per cent growth in 2008, and Mercedes registered a 46 per cent growth in luxury car sales last year selling 3,600 cars. It has already sold around 400 cars in the first two months of this year, with February sales showing a 13 per cent year-on-year growth.
With the launch of the new M-Class sports utility vehicle(SUV) this month, the company aims to sell double the number of units sold last year, that is 82. While the car has been upgraded, there has been no price revisions. The petrol variant will cost Rs. 53.77 lakh, ex-showroom in Kolkata and the diesel variant would cost around Rs. 54 lakh.
The company’s new manufacturing plant at Chakan near Pune can manufacture around 5,000 passenger cars and 1,200 commercial vehicles per annum in single shift operations.
Source: Business Standard
Mercedes-Benz India to enter used car market
Mar 19th
Mercedes-Benz India is entering the used car space and is also looking to launch long dstance inter-city buses to take on the likes of Volvo.
“The used car segment is not organised in India. Currently, dealers out of their own interest sell used Mercedes vehicles. As an organisation Mercedes, has globally started the business actively under which we have a standard global used car programme. As part of global programme, it will also be launched in India soon,” said Debasish Mitra, head of marketing and sales, Mercedes-Benz India.
“Mercedes-Benz India has sold about 17,000 cars from the time it set up shop in India. However, estimates are that nearly 25,000 cars have been bought till date in India, as close to 8000 cars were imported into India before Mercedes-Benz set up shop,” said Mr Manas Dewan, general manager, corporate communications at Mercedes-Benz India. Mr Dewan was also in town to launch the M-Class.
“We are working to launch the used car programme in India. It will be launched by December 2009,” said Mr Mitra.
On launching inter-city buses, Mr Dewan said: “Mercedes-Benz India has launched buses suited for intra-city services, by way of Mercedes-Benz intra-city luxury coaches. We are doing a market survey on the demand for such buses. This will be followed by designing buses for Indian road conditions. The idea is to transport passengers to another city so that they arrive there fresh, with minimal exhaustion.”
Speaking on dealer networks, Mr Mitra said: “The dealers have committed a total investment of Rs 150 crore to ramp up infrastructure in 2009. Despite a sagging economy, the luxury car segment in India did not suffer much. However, finance have been a problem and that has affected sales to an extent.”
Source: Economic Times
