eBay India Motors launches PriceBook for consumers

Company Brief

Mumbai, December 19, 2008

eBay India Motors, the leading online marketplace for pre-owned vehicles, announced the launch of the innovative eBay PriceBook – India’s first ever used cars & bikes guide for consumers available on mobile. Mr. Ambareesh Murty, Country Manager, eBay India and Mr. Ashish Shah, Head – eBay India Motors today jointly unveiled eBay PriceBook at an event in Mumbai.

Mr. Ashish Shah, Head – eBay India Motors commented, “I am delighted to announce the launch of eBay PriceBook, India’s first consumer friendly used cars & bikes guide, which will empower all potential cars or bikes owners with trusted third party expert price advice at the point of transaction. As pioneers in the online vehicle trade for over six years, eBay Motors is uniquely poised to provide real time prices for cars & bikes and bridge the wide price information asymmetry. The price points on eBay PriceBook are updated regularly based on ongoing transactions on eBay and hence also takes case of any market volatility.”

Industry estimates cite that 50% of all cars and bikes sold in the country are used. eBay PriceBook puts the end consumer in the driver’s seat by providing him or her with up-to-date cars & bikes prices at the point of sale or purchase, giving consumer the confidence and negotiating power while making a decision. eBay PriceBook is derived from the hundreds of thousands of vehicles traded on the eBay Motors marketplace, thus providing trustworthy & real-time prices. Consumers can simply SMS 56070 to get the value of their used cars or bikes on their mobile phone, specific to their city, in a few seconds.

Accessing eBay PriceBook

Send a text SMS to 56070 to get the value of your used cars or bikes on your mobile phones. Just type in the model, year of manufacturing, and your pincode in the format - EBAY PB

e.g. EBAY PB SANTRO 2005 400013

EBAY PB SPLENDOR 2006 110001

Within a few seconds, a SMS will be sent with the updated price of your vehicle in your city.

eBay PriceBook is the only price guide in the country for both two and four wheelers. eBay PriceBook offers comprehensive coverage of most popular cars & bikes models manufactured since 2000, in fair, good and excellent condition and upto variant level. Consumers no longer need to ask their friendly mechanic or network and guess at prices. A simple text SMS to an easy to remember number gets you the price of your vehicle, facilitating a more informed decision process of buying & selling used bikes and cars. eBay Price Book will currently be available for users of Delhi, Mumbai, Bangalore and Chennai. So, next time you plan to buy or sell your old vehicle, just type 56070 to find the right price of your vehicle.

For further information, please contact:

eBay India

Deepa Thomas

E-mail: dthomas@ebay.com

Tel: 91-22-66690000

Vaishnavi Corporate Communications

Priyanka Doshi

E-mail: pdoshi@vccpl.com

Tel: 91-22-66568787