Auto portals hit by acquisition fever
Walletwatch.com, February 9, 2000
(KMFL) has picked up a 30 % stake in indiacar.com, also an auto web portal, set up by Ashwin Sanghi, Director& Ceo of vitesse, another big Mumbai car dealership.

Auto Portal Action
Newsnmuse.com, January 04, 2000
Kotak Mahindra Finance has taken a 30 per cent stake in indiacar.com, another car portal. Ashwin Sanghi, CEO of Vitesse, another prominent Mumbai car dealer is the chief promoter of indiacar.com. Edelweiss Capital has taken a 3 per cent stake in indiacar.com

Women on Wheels
Express India Out & About, October 23, 1998
Vitesse is all set to kick-off the city's first all-women car rally, `She Wends Her Way on a Maruti', on Sunday, Oct 25. Over 100 women will participate in the rally which will be flagged off from the Nehru Centre by Vitesse's CEO, Ashwin Sanghi.

I Am A Wiz.com,
Ashwin Sanghi, recognising the immense business potential of the Internet, has jumped onto the net bandwagon and tasted success in this highly-competitive segment. The 32-year-old chief executive officer of Indiacar.com, India's leading automobile vortal, has sold more than 500 new cars and around 100 second-hand cars with warranties online. Mr. Sanghi is also the chief of Vitesee Limited.

Of late, there has been lot of activity in the auto portals sector with two leading portals offloading a part of the stake to investors. Automart sold 20 per cent of its stake to Sah & Sanghi, a leading Mumbai-based vehicle dealership. In another development, Kotak Mahindra Finance picked up a 30 per cent stake in indiacar.com. also web portal set up by Ashwin Sanghi. CEO of Vitesse, a leading Maruti car dealer Both deals are reported to be independent of each other. However, the pricing of the deals is not known.

India on a Luxury Drive,
Says Ashwin Sanghi of Sanghi Motors, the dealers for Mercedes Benz, "In the past two years, a large number of people have been first-time buyers. Earlier, if you looked at Mumbai, 90% would be the same category.

What I Told Them: MK Sanghi
Financial Express

India: Commies vs. Capitalists
Newsweek, Nov 22
"Today, every government department is very conscious that political survival depends on economic progress," says M. K. Sanghi, president of the Associated Chambers of Commerce and Industry of India.