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The traditional business of the group continues
to remain at the core. Vitesse is a group company that is one of
the largest distributors for Maruti Udyog Ltd., India's largest
auto-maker and a joint venture between the government of India and
Suzuki Motor Corporation, Japan. Vitesse has sold over 100,000 vehicles
and operates a chain of showrooms and automobile service centers
for this business in Mumbai and Gujarat.
DaimlerChrysler India has appointed Sanghi Motorcar Co. as their South Mumbai Dealers for their Mercedes-Benz range of passenger cars. Sanghi Motorcar Co. is subsidiary company of the M.K Sanghi Group, which has been associated with the Automobile industry since 1920. Sanghi Motorcar Co. operates establishments in Mumbai, Indore and Nagpur. In 1999, the group established Indiacar.com, an automobile portal linking over 1200 automobile dealers to enable customers to obtain best-deal prices on cars, two-wheelers, car finance, insurance, accessories, warranty and spare parts. Indiacar.com has become the largest and most frequented automobile site in Indian cyberspace. The e-commerce venture also resulted in spinning off a classifieds website, khichdee.com, devoted entirely to classifieds from all over India. In 1986, the group ran the first pilot program for providing car loans in India on behalf of Citibank. The program was a runaway success and resulted in the group becoming one of the largest brokers of personal finance products including automobile loans and automobile insurance. Some of the companies that the group represents include Kotak Mahindra Primus Ltd. and ICICI. The group has also created an extended warranty product for the insurance industry that is marketed through various leading automobile dealers in India. The group also represents various insurance companies including New India Assurance, Royal Sundaram and Bajaj-Allianz in marketing their insurance products. For more on our Maruti-Suzuki business,
www.vitesse.in |
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