Chennai, Tamil Nadu, India
AutoIndia.com, the pioneer of the online automotive marketplace in India, announced the launch of Vehicle History 'SmartCheck' feature. "SmartCheck" which has gone live at www.autoIndia.com is an interactive feature that serves data on more than 1,00,000 used vehicles with problems relating to fraud, theft etc...
AutoIndia.com, warns consumers to beware of a new type of automobile fraud viz. "Engine or Chassis Number Cloning." This is done using the engine or chassis number from one vehicle to mask the identity of a stolen vehicle. Unfortunately, these stolen vehicles end up in the hands of unsuspecting car buyers.
Based on 2007 Statistics, there are more than 90 million motor vehicles in India. Today in India, a vehicle is stolen approximately every five minutes, as per police records. Most of these are passenger vehicles. The highest incidents of thefts and frauds were reported in Delhi, followed by Mumbai and Bangalore both for two wheelers and passenger cars.
"A recent AutoIndia.com study shows a significant increase in stolen vehicles coming up for sale over the last five years," said Chandramouli, CEO at AutoIndia.com. Chandramouli pointed out that SUVs and popular models of four wheelers and two wheelers are frequent targets. Insurance companies lose over Rs.1000 crores every year, and as much as 15% of all motor claims are for theft or fraud.
As vehicle thefts increase, more and more consumers could find themselves paying for someone else's crime. AutoIndia advices customers to be cautious when purchasing vehicles and to do a vehicle history check through it's free 'SmartCheck'. We recommend that all car and bike buyers have their vehicle inspected by a trusted, professional mechanic prior to purchase and to purchase vehicles from reputed parties.
AutoIndia Vehicle History Reports - SmartCheck can be viewed directly on AutoIndia.com to help used-car and bike shoppers make better buying decisions. AutoIndia recommends using SmartCheck Vehicle History before you buy any used vehicle to avoid Fraud.
AutoIndia.com is the leading provider of comprehensive vehicle history information on the Internet providing buyers and sellers of used vehicles with valuable information about problems that may be hidden in a vehicle's past. Using the engine or chassis number found on the vehicle, AutoIndia can generate a history report or computerized background check on virtually any registered used vehicles in seconds. AutoIndia's database contains over 1,00,000 vehicle records on cars, bikes and commercial vehicles.
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Source: Autoindia.com (Business Wire India)
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