Auto portal, CarDekho.com has announced the launch of TrucksDekho.com.
TrucksDekho.com is a dedicated portal to addresses market of commercial vehicles. It’s showcasing all the latest truck information and allows to choose best options around buying and owning a truck and other commercial vehicles.
This portal is designed to address truck searcher’s needs and cater to every requirement they have around trucking.
TrucksDekho.com covers thirteen leading trucks and commercial vehicle brands with features, comparison and reviews of more than 800 vehicles, details of more than 2000 vehicle dealers in India and more than 60 trucks body makers.
Some of TrucksDekho.com’s features are EMI calculator, dealers and service centers, Finance and Dealer Offers , body makers and Truck comparisons.
As per the company, commercial vehicle market by 2016-17 is expected to be at 1.6 miilion units.
Leading brands in this market are Tata Motors having 47% market share, Mahindra and Mahindra with 25% Market Share followed by Ashok Leyland with 15% share.
In February this year, Ratan Tata has invested in Cardekho.com. In January 2015, they have also raised USD 50 million fund led by Hillhouse Capital with participation from Tybourne Capital and Sequoia Capital.
Commenting on this launch, Amit Jain, Founder/CEO CarDekho.com said, “It takes broad vision of an entire industry to commit to an idea. TrucksDekho is just that idea reaching execution at the right time. Commercial Vehicle industry in India has surged over the past decade and the market is expected to grow at a CAGR of 16%. This is our effort to be part of this growing industry by helping trucks and commercial vehicles buyers do research and make decisions about what to buy.”
Robinder Gauba, Vice President – Business Development & Strategy adds “We expect the demand for Trucks to grow significantly FY16 onwards, which would intensify the competitive landscape and augment qualified opportunities in the industry – making room for a friendly electronic platform to support buyers’ actions. Hence a portal like TrucksDekho makes more sense than ever. What we have analysed and found that over time there is a steady improvement in fleet utilization levels and shipping rates. This has an impact on bringing down the burden on transporters.”