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BOT--Reverting reference addition(s) by Preetisinghncr to revision 785116690 (http://www.oncars.in/car-news/maruti-true-value-offers-cashless-car-purchasing-after-demonetization/12954 [\boncars\.in\b])
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{{Infobox website
{{Infobox website
| name = Maruti Suzuki True Value
| name = Maruti Suzuki True Value
| logo =https://s3.ap-south-1.amazonaws.com/mstvwebsite/images/v3/true-value-logo.png
| logo =
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| url = https://www.marutisuzukitruevalue.com/
| industry = [[Automobile]]
| industry = [[Automobile]]
| foundation = 2001
| foundation = 2001
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| location_city = [[Delhi]]
| location_city = [[Delhi]]
| location_country = [[India]]
| location_country = [[India]]
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| url = http://www.marutitruevalue.com
}}
}}
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The first major automobile [[wikipedia:Original_equipment_manufacturer|OEM]] to enter India’s used car market in 2001, Maruti Suzuki True Value is the pre-owned cars arm of Maruti Suzuki that offers buying and selling of certified [[wikipedia:Used_car|pre-owned cars]] to its customers. Maruti Suzuki True Value also provides services like Finance, insurance, as well as accessories, through a countrywide network of 1190 outlets.<ref>{{Cite web|url=https://www.marutisuzukitruevalue.com/about-us|title=About US|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref>


In August 2017, Maruti Suzuki announced a complete revamp of its True Value operations, providing additional facilities at its outlets.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/business/india-business/maruti-plans-to-revamp-true-value-used-car-network/articleshow/60065632.cms|title=Maruti plans to revamp True Value used car network|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref><ref>{{Cite news|url=http://overdrive.in/news-cars-auto/maruti-suzuki-to-revamp-its-true-value-used-car-business-in-india/|title=Maruti Suzuki to revamp its True Value used car business in India|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref>
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'''Maruti Suzuki True Value''' is the first major automobile OEM to enter India’s used car market in 2001, Maruti Suzuki True Value is the pre-owned cars arm of Maruti Suzuki that offers buying, selling and exchange of certified pre-owned cars for customers. Maruti Suzuki True Value also provides services like Finance, insurance, as well as accessories, through a countrywide network spanning 1,132 outlets across 880 cities.<ref>{{Cite web|url=http://www.marutitruevalue.com/AboutUs/AboutUs_MarutiTrueValue.aspx|title=About Maruti True Value|publisher=Maruti Suzuki India Limited|language=en}}</ref>


=== Pre-owned car market in India ===
⚫
== About Maruti Suzuki ==
The sales of pre-owned cars in 2008-09 were estimated to be around 37 lakhs and are projected to rise to 62 lakhs for 2018-19.<ref>{{Cite news|url=https://blog.cars24.com/used-car-market-india-untold-story/|title=Used Car Market In India- The Untold Story|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> However, most of the buying and selling of used cars occur through unorganized means, while the organized sector accounts for just 17% of the Indian used car market. Since 2001, Maruti has been one of the major organized players in the market with Maruti TrueValue, after which a lot of other players forayed into this space.<ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/auto/news/passenger-vehicle/cars/used-car-market-witnesses-steady-growth-as-new-car-sales-hit-a-speed-bump/articleshow/54382047.cms|title=Used car market witnesses steady growth as new car sales hit a speed bump|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> The shortening ownership cycles, increasing vehicle quality and the growth of organized players in the Indian market can be stated responsible for this growth.


==== Cashless Car Purchasing ====
Started in the year 1982, [[Maruti Suzuki|Maruti Suzuki India Limited]] (MSIL) is a subsidiary of the [[Suzuki|Suzuki Motor Corporation]], of Japan. It is India's largest passenger car manufacturer, accounting for around 50 per cent of the country’s domestic car market.<ref>{{Cite news|url=http://profit.ndtv.com/stock/maruti-suzuki-india-ltd_maruti/reports|title=Maruti Suzuki Report|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref>
Since the demonetization of Rs.500 and Rs.1000 notes in India, the pre-owned car market had seen a drop.<ref>{{Cite news|url=http://www.thehindubusinessline.com/economy/usedcar-market-on-slow-gear-after-demonetisation/article9539819.ece|title=Used-car market on slow gear after demonetisation|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> To counteract this development, Maruti Suzuki True Value is offering cashless car purchasing options to its customers, accepting payments through debit and credit cards. The True Value outlets also offer a no down payment option at its dealership network outlets.<ref>{{Cite news|url=http://www.oncars.in/car-news/maruti-true-value-offers-cashless-car-purchasing-after-demonetization/12954|title=Maruti True value offers cashless car purchasing options to customers after demonetization|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref>


⚫
== About Maruti Suzuki ==
Presented with the "Highest Exporter Award" at New Delhi in 2000,<ref>{{Cite news|url=http://economictimes.indiatimes.com/maruti-suzuki-india-ltd/infocompanyhistory/companyid-11890.cms|title=Maruti Suzuki India Ltd.|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> the company turned out around 40,000 cars every year at the time. Forbes Magazine listed Maruti at the 7th position in its list of the most Reputable Companies at the world in 2005.


At present, Maruti Suzuki is the leading passenger car manufacturer in the country, and has sold 1,170,702 vehicles in FY15.<ref>{{Cite news|url=http://auto.economictimes.indiatimes.com/news/industry/10-notable-facts-about-indian-automobile-market/47508778|title=10 notable facts about Indian automobile market|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> With a team of over 13,000 staff members, Maruti Suzuki’s portfolio consists of 15 car models with over 150 variants. Its service network span over 1,500 cities and towns in India, and it has 2 manufacturing facilities, in Gurgaon and Manesar, respectively.<ref>{{Cite web|url=http://www.marutisuzuki.com/companyprofilemedia.aspx|title=Maruti Suzuki Company Profile|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref>
Started in the year 1982, [[wikipedia:Maruti_Suzuki|Maruti Suzuki India Limited]] (MSIL) is a subsidiary of the [[wikipedia:Suzuki|Suzuki Motor Corporation]], of Japan. It is India's largest passenger car manufacturer, accounting for around 50 per cent of the country’s domestic car market.<ref>{{Cite news|url=​http://profit.ndtv.com/stock/maruti-suzuki-india-ltd_maruti/reports|title=Maruti Suzuki India Ltd.|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> At present, Maruti Suzuki is the leading passenger car manufacturer in the country, and has sold 1,170,702 vehicles in FY15.<ref>{{Cite news|url=http://auto.economictimes.indiatimes.com/news/industry/10-notable-facts-about-indian-automobile-market/47508778|title=10 notable facts about Indian automobile market|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref>


Along with manufacturing and distributing cars in India, Maruti Suzuki has an array of allied services to offer for customers. These services are provided under its business arms including Maruti Suzuki Insurance, Maruti Finance, Maruti Suzuki True Value, N2N Fleet Management, Maruti Genuine Accessories, Maruti Suzuki Genuine Parts, and the Maruti Suzuki Driving School.<ref>{{Cite web|url=http://www.marutisuzuki.com/other-services.aspx|title=Maruti Suzuki Other Services|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref>
Along with manufacturing and distributing cars in India, Maruti Suzuki has an array of allied services to offer to its customers. These services are provided under its business arms including Maruti Suzuki Insurance, Maruti Finance, Maruti Suzuki True Value, N2N Fleet Management, Maruti Genuine Accessories, Maruti Suzuki Genuine Parts, and the Maruti Suzuki Driving School.<ref>{{Cite web|url=https://www.marutisuzuki.com/other-services.aspx|title=Maruti Suzuki Other Services|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref>


==References==
==References==

Revision as of 16:33, 5 September 2017

Maruti Suzuki True Value
Founded2001
HeadquartersNew Delhi, India,
Delhi
,
India
IndustryAutomobile
ProductsUsed Car
URLhttps://www.marutisuzukitruevalue.com/

The first major automobile OEM to enter India’s used car market in 2001, Maruti Suzuki True Value is the pre-owned cars arm of Maruti Suzuki that offers buying and selling of certified pre-owned cars to its customers. Maruti Suzuki True Value also provides services like Finance, insurance, as well as accessories, through a countrywide network of 1190 outlets.[2]

In August 2017, Maruti Suzuki announced a complete revamp of its True Value operations, providing additional facilities at its outlets.[3][4]

Pre-owned car market in India

The sales of pre-owned cars in 2008-09 were estimated to be around 37 lakhs and are projected to rise to 62 lakhs for 2018-19.[5] However, most of the buying and selling of used cars occur through unorganized means, while the organized sector accounts for just 17% of the Indian used car market. Since 2001, Maruti has been one of the major organized players in the market with Maruti TrueValue, after which a lot of other players forayed into this space.[6] The shortening ownership cycles, increasing vehicle quality and the growth of organized players in the Indian market can be stated responsible for this growth.

Cashless Car Purchasing

Since the demonetization of Rs.500 and Rs.1000 notes in India, the pre-owned car market had seen a drop.[7] To counteract this development, Maruti Suzuki True Value is offering cashless car purchasing options to its customers, accepting payments through debit and credit cards. The True Value outlets also offer a no down payment option at its dealership network outlets.[8]

About Maruti Suzuki

Started in the year 1982, Maruti Suzuki India Limited (MSIL) is a subsidiary of the Suzuki Motor Corporation, of Japan. It is India's largest passenger car manufacturer, accounting for around 50 per cent of the country’s domestic car market.[9] At present, Maruti Suzuki is the leading passenger car manufacturer in the country, and has sold 1,170,702 vehicles in FY15.[10]

Along with manufacturing and distributing cars in India, Maruti Suzuki has an array of allied services to offer to its customers. These services are provided under its business arms including Maruti Suzuki Insurance, Maruti Finance, Maruti Suzuki True Value, N2N Fleet Management, Maruti Genuine Accessories, Maruti Suzuki Genuine Parts, and the Maruti Suzuki Driving School.[11]

References

  1. ^ "Maruti Suzuki Board Of Directors". Maruti Suzuki India Limited.
  2. ^ "About US". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  3. ^ "Maruti plans to revamp True Value used car network". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  4. ^ "Maruti Suzuki to revamp its True Value used car business in India". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  5. ^ "Used Car Market In India- The Untold Story". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  6. ^ "Used car market witnesses steady growth as new car sales hit a speed bump". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  7. ^ "Used-car market on slow gear after demonetisation". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  8. ^ "Maruti True value offers cashless car purchasing options to customers after demonetization". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  9. ^ [​http://profit.ndtv.com/stock/maruti-suzuki-india-ltd_maruti/reports "Maruti Suzuki India Ltd"]. {{cite news}}: Check |url= value (help); Cite has empty unknown parameter: |dead-url= (help); zero width space character in |url= at position 1 (help)
  10. ^ "10 notable facts about Indian automobile market". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  11. ^ "Maruti Suzuki Other Services". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
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