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eBay to Enter Tractor Segment

| Friday, September 29, 2006

At an event in Mumbai, eBay India Motors, the online marketplace for sale of second hand cars, bikes, and commercial vehicles in the country, announced a milestone in the form of sale of the 100,00th vehicle on their platform.

Rajan Mehra, country manager - new ventures and payments, eBay India, commemorated the occasion by felicitating the Delhi-based buyer and seller who helped the company complete the landmark transaction.

Rana Rekhi of Rana Motors sold a 1996 model Maruti 800 car to Anil Sethi of Sethi Motors on September 23 this year.

Commenting on the deal, Mehra said, "We are proud to announce the sale of the milestone 100,000th vehicle, as it connects the strong dealer network, and a wide reach that the platform has been able to garner with time. We thank all our dealers for their continued support and trust in us."

During the event, eBay India Motors also announced its entry into the fast growing "tractor segment," targeted at rural entrepreneurs, by providing them with a fluid marketplace, and access to a large inventory of vehicles, and a wide network of dealers to trade with across geographies.

Speaking about the initiative, Mehra said, "Today, we are making a foray into rural India, and launching the "tractor category" on the B2B Motors platform. We plan to extend our base to the 'tractors segment' to further grow our reach, and empower the rural entrepreneurs. This is in keeping with the larger eBay purpose of empowering entrepreneurs around the world."

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