The
country’s IT hub has now started another new concept:
E-auctioning of used cars in the BPO sector. But it will
be sold only to bulk buyers.
Bangalore-based online auctioning company MatexNet Pvt
Ltd has come up with a concept to dispose of used cars
through the Internet. “IT/BPO is a major industry in the
country using vehicles like cars and vans to transport
their employees. The vehicles used in this segment are
getting older as they have been servicing the industry
for the past 5-7 years since the country witnessed. IT
boom, “MatexNet managing director Jaganni Vasan said, At
least 100,000 vehicles servicing IT/BPO industry are
5-year old and required to be replaced with new or
lesser model year vehicles.
MatexNet
will be using B2B concept for e-auction of cars. He said
cities like Bangalore, Chennai, Gurgaon, Mumbai, Pune
and Kolkata have a huge volume of vehicles used for the
IT/BPO segment. Bangalore’s IT/BPO industry alone has
60,000-70,000 vehicles. He said the company had
initiated talks with more than 300 fleet operators
attached to eh IT/BPO industry across the country to
bring their used vehicles fore-auctioning.
However, he said the vehicles would be sold to the bulk
buyers and not to a single unit buyer. MatexNet has a
data base of 3,000 bulk buyers (called as dealers), who
are interested in buying used vehicles in bulk. The
company is targeting a transaction of Rs 1,000 crores
worth business by e-auctioning the used cars servicing
IT/BPO industry.
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