Carwale.com has been ranked among the top consumer portals in India by Red Herring .CarWale.com has also recently partnered with Auto Friend to increase their reach in North India.
The company has tied up with leading car manufacturing companies & Financial Institutions like Tata Motors Ltd, Trilogy Inc (for Toyota and Hyundai), ICICI bank, Tata Motors Finance, Mahindra and leading Honda dealerships.
Delhi-NCR belt being India’s largest car market contributes to more than 20% of total new and used car sales in India. This year, Carwale is expecting a sale of around 3.4 million new and used cars, in almost equal numbers. With the used car market growing at approx 26% annually, the online players are working to leverage this opportunity and increase their penetration.
With today’s hectic schedules, people need a way to save time, and shopping online is a way to do this. Online shopping helps the customer saving his money and time and provides him a wide range of options to choose from.
Techno-savvy People around Punjab are more inclined towards the stupendous lifestyles and their passion for the cars is a known fact. Keeping this in mind, Carwale.com has extended its automotive services in Punjab region too.
Through carwale.com, its more convenient for the clients to buy and sell the new and used cars as CarWale probably has highest car listings among all auto portals and has differentiated itself initially by offering India’s first used car price guide and then offered tools like Car Recommendation and Instant online price quotes.
Carwale.com has a stock of over 12000 cars – the highest in the country and dealers also get a money back guarantee if they list their car on carwale.com. Cars are listed from B-towns apart from all major cities.
CarWale.com was launched on Oct 14, 2005. It started as the company provided a MiniERP solution to various car dealerships and got an insight to see the car business in India. Founders spotted it early on the automotive wave in India. Coupled with growing internet users and smart phone base, they saw an opportunity to empower consumers for making better automotive decisions.
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.