India's first interactive car portal 'Carazoo.com' launched

By Staff
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Google Oneindia News

Bangalore, Aug 21 (UNI) Buying of cars has been made more simple and cost effective with the launch of the country's first Car Portal ''carazoo.com'' by Logix Microsystems Limited here today.

Company Managing Director Sanjay Soni told newsmen at the launch that the US based company would offer Indian car buyers the same facility that was being provided to vehicle buyers in the US. ''Our endevaour was to see that the customer gets the best deal through out portal''he added "We are offering about 78 models to choose and second hand cars on the sale would also be displayed for selection", he added.

He said that Carazoo.com is a one stop portal catering to the requirements of car buyers and sellers, car manufacturers, car dealers, car financers and insurance providers and car accessories suppliers.

Replying to a question, Mr Soni said that negotiations have already began with 200 dealers through out the country and with four major automobile manufacturers and "we intend to move to Hyderabad, Chennai, Mumbai, Pune and other parts the country very soon." He said that in US about 450 models were offered about 850 cars were sold last year.

To another question, he said that the growth is sluggish since there was increase in interest rates. Last year the company's turnover was Rs 908.74 lakh on a consolidated basis in the current quarter as compared to Rs 427.13 lakh on a consolidated basis in the same quarter last year.

Company Vice President Pankaj Patel said that "with its unique features Carazoo was slated to quench the thirst of each and every Indian who wants to buy, sell or gain information on almost any car they desire." UNI MSP VK RKN1408

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