Chances are that the industry would be glad that someone took the pain to come out with a platform like this. Since its inception in 2012, TruckBusSale.com has managed numerous deals, the largest being the sale of 20 assets (Ashok Leyland AC buses with different seating capacity) from Andhra Pradesh to Gujarat. The buyer was into ferrying school children, and is known to have overhauled the concept of ferrying pupils by providing air-conditioned buses according to Ambegaonkar. “School authorities and parents were happy to see the safety and comfort provided by the transporter,” he added. Back to the website, and it has proved to be a transaction platform for 10 numbers of 3118 tankers from Mumbai to a client at Kolkata. In yet another deal, the site proved to be of use in selling five trailers of 40-tonnes to a transporter in Gandhidham. The seller was from Nagpur. Such deals, claimed Ambegaonkar, helped towards cementing the site’s reputation as a trusted source of transaction as well as information.
Striking the deal
Those wanting to sell or buy an asset need to register on the site. The next step is to key in the details. The user can also see profiles of other individuals and that of the different truck and bus models. “If you do not find a vehicle that interests you, or are looking for, you could fill in the details. We will enquire with the brokers and sellers. The moment the information about the suitable vehicle is had, apart from it being put on site, an SMS will be sent to the one interested,” avers Ambegaonkar. The process of registration is robust, and involves sharing of credentials like PAN number to avoid dubious transactions. The call center checks by calling the number and requests to send asset documents for verification in case of the vehicle registered. “Due diligence on documents has helped our portal establish itself as a reliable source of used assets. It has also come to be considered as the one, which converts inquiries into successful deals,” says Ambegaonkar. Even in a slow market, TruckBusSale.com receives 50 to 80 queries per day from different parts of the country, he added.