autoXchange and eBay Motors join hands

PRESS RELEASE:

autoXchange and eBay Motors join hands to empower Indian car users, buyers and sellers
New Delhi, 10 September 2009: autoXchange and eBay Motors announce a powerful coalition aimed at empowering the Indian auto consumers of prevalent market prices.

After establishing the lead in pioneering the unique auto publication for the benefit of car users, buyers, collectors and enthusiasts in India, the monthly issue of autoXchange supported by the eBay India Motors, the leading online marketplace for sale of second hand vehicles, will now provide invaluable information about the market values of Indian cars in the “Indicative Values” section.

The smooth access to the data is not only restricted to the print version of the magazine, but also to the 1,00,000 monthly visitors of the autoXchange website (www.autox.in) allowing them to key in details of the make and model of any Indian vehicle, and get its ´Buy‘ or ´Sell‘ market price through SMS.

Speaking about the alliance, Mr. Dhruv Behl, Editor - autoXchange, said, “This partnership with a trusted global brand such as E-Bay, furthers the mission of autoXchange, which is to empower the knowledge of Indian car user about the contemporary pricing trends. The E-Bay Motors Pricebook on our website (www.autox.in) and ´Indicative Values‘ page in the magazine provides an extremely powerful & comprehensive tool for our 1,50,000 loyal readers, as data of this nature has never before been so easily accessible in the Indian market.”

Mr. Ashish Shah, Head - eBay India Motors, says, “The eBay Motors Pricebook is a first-of-its-kind product in India, which is based on real transactional data and provides prices for both used cars and bikes on your mobile, as well as on the Internet. The eBay Motors Pricebook will be available to all the visitors of the autoXchange website (www.autox.in), allowing them to get accurate market prices on their mobiles. We believe that the PriceBook, which is aimed at reducing price information asymmetry in the used vehicle industry, provides very good value to visitors of automotive classified sites.”

The association of two leading media is being recognized as an important milestone for the mature Indian auto market striving toward uniformity in the pricing of used cars.

About autoXchange:

autoXchange is a unique and pioneering magazine, launched by Comnet Publishers Pvt. Ltd. in September 2006, for the benefit of car users, buyers, collectors and enthusiasts in India.

The magazine first of its genre in the country, is presently available in Delhi and Mumbai. autoXchange fills a void in the market by revolutionizing the used car market of India in print publication. With a mission aimed towards organizing the car market for the benefit of buyers and sellers, autoXchange has been successful in creating a true car culture in the country.

In the short span of three years, the magazine has captured the imagination of an entire spectrum of Indian car users, buyers and collectors, ranging from classic, luxury, sports and economy cars, as well as enthusiasts, members of the Heritage Motoring Club of India, and the motorsports community.

Comnet Publishers Pvt. Ltd. is part of the leading Exhibitions India Group (www.exhibitionsindiagroup.com) a trade promotion Group established in 1987.

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About eBay India Motors:

eBay India Motors is the leading online marketplace for sale of second hand cars, bikes & commercial vehicles in India. It primarily operates as a B2B Motors Marketplace (b2bmotors.ebay.in) 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). eBay Motors PriceBook (http://sms.pricebook.in) is India‘s first ever used cars & bikes guide for consumers available on mobile, by sending a simple SMS to 56070 and was launched in December 2008.

For further queries, contact:

Sachin Nagpal, 99108 59933, snagpal@autox.in

Hena Ahmad, 9999600622, henaa@eigroup.in

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Comnet Publishers Pvt. Ltd.

Head Office:
217-B, Okhla Industrial Estate, Phase III, New Delhi 110 020, India Tel: +91 11 4279 5000 Fax: +91 11 4279 5098/99 info@autox.in www.autox.in

Regional Offices:
Bangalore Mumbai Chennai Hyderabad Ahmedabad

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