Mumbai,
September 28, 2006: eBay India Motors Marketplace, the leading online B2B Motors
marketplace, announced a significant milestone achieved by the sale of the 100,000th
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. " eBay Motors has been successful in addressing the inefficiencies
existing in the market by creating a transparent and liquid wholesale market.
The growth has been manifested by the response from the B&C cities, which
forms a large percentage of the 6000 pre approved dealer network spread across
125 towns and cities in India. Over 50 institutional sellers sell Commercial Vehicles,
4 wheelers and 2 wheelers. On any given day, 450 vehicles are auctioned and a
vehicle sells ever 8 minutes. eBay India Motors provides free training
to interested dealers through eBay Motors Academy, conducted across India. The
academy comprises of buyer-training programs to inform the participants about
the opportunity, benefits & processes of buying on eBay India.
In addition, there is phone based training and even regional language online animated
tutorials in Hindi, Malayalam, Tamil & Bengali. About eBay India Motors
eBay
India Motors is the leading online marketplace for sale of second hand cars, bikes
& commercial vehicles in India. It is a B2B Motors Marketplace where corporates,
financial institutions, large dealers and fleet owners sell vehicles to automobile
dealers across the country. This unique marketplace was founded in 2002 as part
of Baazee.com (now eBay India). | 
