Technology

Spinny on the Growing Share of Tier 2 and Tier 3 Buyers in the Used Car Market

Published

6 months ago

June 20, 2024

Spinny sheds light on how digital innovations and evolving consumer preferences are propelling the growth of the used car market in Tier 2 and Tier 3 cities in India.

MUMBAI, India, June 20, 2024 /PRNewswire/ — The used car market in India is witnessing significant growth, particularly in Tier 2 and Tier 3 cities, driven by digital innovations and evolving consumer preferences. Spinny, a prominent player in this sector, highlights how these developments are reshaping the landscape of used car sales.

In cities like Lucknow, Kochi, Indore, Pune, and Nagpur, the used car market has transformed from a largely unorganised segment into a structured, technology-led domain. This shift has been facilitated by tech-powered platforms that offer transparency, reliability, and accessibility, revolutionising the way consumers purchase used cars. The integration of technology has streamlined transactions, enhancing consumer confidence and making car ownership more accessible to a broader demographic.

Increasing Demand for SUVs and Hatchbacks

A significant trend observed is the rising preference for SUVs among used car buyers. SUVs, known for their versatility and ability to handle diverse terrains, are becoming the top choice for nearly 40% of used car buyers in non-metropolitan cities. This preference indicates a general trend towards the utility and comfort that SUVs provide.

Additionally, hatchbacks such as the Renault Kwid, Hyundai Grand i10, and Tata Tiago are among the best-selling models in the used car segment. These models cater to the growing consumer demand for affordable and efficient vehicles, reflecting a shift towards more compact and economical options alongside the continued dominance of SUVs.

Luxury Cars Gaining Popularity

The luxury car segment is also experiencing noticeable growth in Tier 2 and Tier 3 markets. Factors such as enhanced economic stability, rising disposable incomes, and the aspirational value associated with brands like BMW, Mercedes, and Audi contribute to this trend. Consumers in these regions are increasingly drawn to luxury pre-owned cars, not only for their prestige but also due to the robust assurances and comprehensive quality guarantees offered by tech-enabled service providers. This growing interest is particularly strong for second hand cars in Indore, Pune, and Nagpur.

Digital Transformation and Market Dynamics

The digital transformation in the used car market has simplified the buying and selling process, instilling a sense of security and trust that was previously challenging to establish. Tech-powered platforms provide structured and reliable services, which are crucial for consumers in Tier 2 and Tier 3 cities. This digital integration has played a pivotal role in driving the growth of the used car market, making it more accessible and appealing to a wider audience.

In particular, the interest in second hand cars in Lucknow and similar cities is growing due to these digital advancements, further contributing to the overall market expansion.

With these dynamics at play, the used car market in India is poised for continued expansion. The integration of digital tools streamlines transactions and builds consumer trust, setting the stage for further growth and innovation in the sector.

About Spinny

Founded in 2015, Spinny is a full-stack used car retailing platform that aims to bring about transparency and convenience in buying and selling pre-owned cars. As a testimony of Spinny’s commitment to transparency and quality, every vehicle on their platform comes with a 200-point inspection checklist, 5-day money-back guarantee, and 1-year after-sales warranty. Spinny has about 36 car hubs operating across 22 cities in India. Last year, Indian cricket legend Sachin Tendulkar partnered with Spinny as a strategic investor and a lead brand ambassador. Sports icon, PV Sindhu, a believer & customer of Spinny, is also a part of a series of marketing initiatives focused on realising the aspirations of a billion car dreams.

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Technology

New Generation Centralized Control System Promotes “Integrated Operation Monitoring”

Published

53 minutes ago

December 26, 2024

BORTALA, China, Dec. 26, 2024 /PRNewswire/ — On December 26, personnel at the monitoring operation and maintenance center of the State Grid Bortala Power Supply Company were conducting acceptance testing for the new generation centralized control system. The company is actively promoting the application of this new system to facilitate “integrated operation monitoring” and enhance the risk management capabilities and equipment refinement levels of the power grid.

The new generation centralized control system serves as a technical support system for monitoring the operational status and fault defects of grid equipment. It acts as the “eyes” and “hands” for managing the operation of power grid equipment. Compared with the old Open3000 system, it optimizes the human-machine interface, refines system functions, and achieves comprehensive awareness of equipment status, defect detection, and proactive early warning, thereby providing efficient information processing capabilities to ensure that monitoring personnel can supervise equipment operation in real time.

During the system construction process, the company actively adapts to changes in production models, scientifically formulates project timelines, and deepens new operation and maintenance management models, such as “unattended + centralized monitoring” and “equipment owner + general practitioner.” This enhances the construction of the new centralized monitoring system and the integration of substation sites, providing comprehensive and robust monitoring support for the reliable operation of the Bortala power grid.

Up to now, the company has completed the construction of the main station of the new generation centralized control system, software and hardware debugging, graphic drawing and other tasks, as well as the station-end access of the new generation centralized control system for 54 substations, the entry of monitoring information into the database, and the forwarding of the front-end data of the new generation centralized control system within the centralized control range. The company carries out the orderly supplementation of monitoring information points for access devices and the verification of remote control information at substations.

In the next step, the company will actively explore digital transformation, strengthen modern team construction, and innovate practices in intelligent monitoring and business collaboration, all aimed at advancing the construction of modern centralized control stations to ensure the safe and stable operation of equipment.

View original content:https://www.prnewswire.com/apac/news-releases/new-generation-centralized-control-system-promotes-integrated-operation-monitoring-302339181.html

SOURCE State Grid Bortala Power Supply Company

Technology

BC.GAME Launches Monkey King-Themed Slot Game Wukong

Published

53 minutes ago

December 26, 2024

NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.

The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.

Dark Visual Design and Storytelling Behind Wukong

The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.

The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.

Key Features of the Wukong Slot Game:

Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.

Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.

Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.

“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.

About BC.GAME

BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.

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SOURCE BC.GAME

Technology

Infidigit Welcomes Pinaki Gupta as an Advisor to Foster Leadership and Drive Strategic Growth

Published

2 hours ago

December 26, 2024

MUMBAI, India, Dec. 26, 2024 /PRNewswire/ — Infidigit, an AI-enabled digital growth partner known for delivering exceptional results in SEO, CRO, and digital growth, welcomes Pinaki Gupta as Director – Strategy and Oversight. Pinaki’s vast experience in driving business transformation and fostering innovation will be instrumental in shaping Infidigit’s strategic direction and positioning the organisation for long-term success.

With a career spanning global enterprises such as Tata Interactive Systems and MPS Interactive and as the founder of Pisarto, a prominent home decor marketplace, Pinaki has consistently driven innovation and growth. His expertise will play a pivotal role in further scaling Infidigit’s vision and helping it explore untapped opportunities in the dynamic digital marketing ecosystem.

Sharing his thoughts, Pinaki Gupta, said, “Infidigit’s rise as a leader in digital marketing has been remarkable. Kaushal and his team have built an organisation with a strong culture of innovation and performance that truly sets them apart. I am excited to join Infidigit as an Advisor to bring a new perspective and help evaluate business opportunities and accelerate their growth journey. Together, we will focus on building strategic frameworks that ensure Infidigit continues to thrive in an evolving digital-first world.”

Kaushal Thakkar, Founder and Managing Director of Infidigit, said, “Pinaki and I share a long and fruitful professional history, during which I’ve consistently been impressed by his incisive strategic mind. His knack for challenging the status quo and driving transformative change makes him an ideal fit for Infidigit’s ambitious growth trajectory. We’re excited to leverage his mentorship as we reach new heights, fortify our leadership team, and continue delivering exceptional results for our clients.”

Infidigit, under Kaushal Thakkar’s leadership, has consistently set benchmarks in SEO, CRO, and digital growth strategies. With over 100 award-winning campaigns, Infidigit has delivered measurable results across industries. Pinaki’s addition to the leadership team further strengthens its mission of combining innovation, leadership, and performance to help businesses grow sustainably.

About Infidigit:

Infidigit, an AI-enabled digital growth partner, empowers top brands to achieve impactful results through SEO, ASO, CRO, and data-driven digital strategies. At the forefront of AI innovation in marketing, Infidigit is developing a SaaS product to further simplify SEO. With a proven track record of measurable success, Infidigit partners with startups, MSMEs, and enterprises across diverse industries, enabling them to thrive in the digital-first economy. Their commitment to excellence is underscored by over 100 award-winning campaigns recognized by prestigious platforms such as the SMX, APAC Search Awards, ET BrandEquity Shark Awards, Sparkies and Exchange4Media IDMA. Infidigit continues to set new standards in digital marketing, driving sustainable growth and unparalleled success for its clients.

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