Shriram Automall acquires Bluejack, an  online car  auction platform

Shriram Automall India Limited (SAMIL) which is backed by Shriram Group & CarTrade, has acquired BlueJack, an online car selling portal in a bid to accelerate its offline auction market position with online used ca...

Toyota Kirloskar to auction used cars in India

Toyota Kirloskar Motor (TKM) has launched “Toyota Auction Mart” as it becomes the first auto manufacturer in India to venture into used car auction business. Toyota Auction Mart (TAM) is a first of its kind initiati...

Mahindra First Choice Wheels raises $15 Million from US investor

Mahindra First Choice Wheels Ltd. (MFCWL), a leading multi-brand used vehicle company, has signed a definitive agreement to raise $15 million (Rs. 94 crore approx.) from San Francisco based investment advisor firm, ...

Mayank Pareek joins Tata Motors as President

Tata Motors has announced the appointment of Mayank Pareek as President, Passenger Vehicle Business Unit (PVBU). His appointment is effective October 1, 2014. He will take over from Ranjit Yadav who will now head th...

No more an ‘Advantage’, it’s a Hyundai ‘Promise’

Formerly it was an ‘Advantage’, now it’s a Promise from Hyundai Motor India Ltd (HMIL) which has put together its used-car business under the brand name “H-PROMISE” globally. Earlier known as “Hyundai Advantage”, H-...

Mahindra First Choice establishes 200 outlets

Mahindra First Choice Wheels Ltd. (MFCWL), India’s leading multi-brand certified used car company ha




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