Car Sales Slow Down on Hopes of Excise Cut
Economic Times, February 26, 2003
Though the industry expected a slowdown in sales this month, the second half of February has been particularly poor, says Ashwin Sanghi of Vitesse

Vitesse ties up with DC Designs to offer customised Maruti Zen
Cybersteering.com, November 2001
According to Vitesse CEO Ashwin Sanghi, "The idea is to provide marketing muscle to the DC cars. We will focus initially on customisation of the Zen and the Esteem." While DC Designs has till date been focusing on single order jobs, the tie-up with Vitesse will enable them to sell customised cars in volume. Mr Sanghi said that Vitesse planned to tap its existing customer base of around one lakh to provide the critical mass for converting existing Maruti users to switch to the customised variety.

Indiacar.com Promoters To Set Up Portal
Newsbytes News Network, Sept 12, 2001
The Sanghi group, promoters of the country's premier auto portal http://www.indiacar.com, is in the process of setting up a dedicated portal - Indiabike.com - for the two-wheeler industry.

Why Click when you can walk?
Says Ashwin Sanghi, CEO of Indiacar and director & CEO of Vitesse, another Mumbai based car dealership, "In my business model, I will never attempt to substitute the dealer. The dealer qualities have to be an integral part of the system. I feel that any business model that attempts to replace the dealer is wrong. Because a car is a real product. People want to drive it. But how can a high involvement product like a car be sold on the net?

Second-Hand cars may have a difficult time
Cybersteering.com, May 4, 2001
Mr Ashwin Sanghi, Director - Business Development, Vitesse said, "The pre-shipment certification expects the vehicle to be in a particular shape before being shipped into the country. Since most of the imports would be from Japan, even a minor repair job performed in that country would be highly expensive. It would be much cheaper to get it done in India."

Ashwin Sanghi, chief executive officer of Indiacar.com, on automobile business potential on the internet
Moneypickle.com, October 20, 2000

Indiacar.com ties up with Indiainfo.com
Indiainfo.com, September 27, 2000
Ashwin Sanghi, Chief Executive Officer, Indiacar.com said, "Indiainfo.com is one of the top horizontal portals with a rich content and commerce platform and is very popular. We believe this tie up will make our content and services more popular amongst the growing number of Indian netizens. We have possibly the best offering on Automobile and this tie up will enable us to offer the same to the large resident and non resident userbase of Indiainfo.com ."

Specialized Portals: The Latest IT Vogue
Daily Excelsior, May 15, 2000
"A horizontals revenue in the long run will be from ads and from fees from verticals for driving traffic to them whereas verticals are more likely to have transaction revenues," says Ashwin Sanghi, CEO indiacar.Com, that is hoping to generate revenues from used car sales, new car commissions, car insurance, auto accessories as also car finance.

Industrial gases producers upbeat
The Hindu, Feb. 15, 2000
According to Mr. Vaibhav Sanghi, President of the All India Industrial Gases Manufacturers Association (AIIGMA), industrial gases will play an important role in unconventional power generation, super-conductivity, electronics, space development and ocean development.

Two Auto Websites, One Promoter
The Hindu, February 13, 2000
About the time the site revealed its 20 per cent divestment to a dealership and alliance with Rediff.com, another automotive site, Indiacar.com, was undergoing similar flux.
Promoted and kept going with an initial investment of Rs. 1.25 crores by Mr. Ashwin M. Sanghi, Director & CEO, Vitesse Ltd, it divested 30 per cent of its equity to Kotak Mahindra Finance Ltd (KMFL).