Connect with us

Technology

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

Published

on

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.

Photo: https://mma.prnewswire.com/media/2443565/Spinny_Park_Chennai.jpg
Logo: https://mma.prnewswire.com/media/2096514/4727494/Spinny_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/spinny-on-the-growing-share-of-tier-2-and-tier-3-buyers-in-the-used-car-market-302177827.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

BCE reports results of Series AI and AJ preferred share conversions

Published

on

By

MONTRÉAL, July 22, 2026 /CNW/ — BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that all of its floating-rate Cumulative Redeemable First Preferred Shares, Series AJ (“Series AJ Preferred Shares”) will be converted on August 4, 2026, on a one-for-one basis, into fixed-rate Cumulative Redeemable First Preferred Shares, Series AI (“Series AI Preferred Shares”).

On June 16, 2026, notice was provided that holders of Series AI Preferred Shares could elect to convert their shares into Series AJ Preferred Shares and that holders of Series AJ Preferred Shares could elect to convert their shares into Series AI Preferred Shares, subject to the terms and conditions attached to those shares. A total of 1,875 of BCE’s 8,584,140 Series AI Preferred Shares were tendered for conversion on August 4, 2026, on a one-for-one basis, into Series AJ Preferred Shares. In addition, a total of 1,976,448 of BCE’s 3,514,957 Series AJ Preferred Shares were tendered for conversion on August 4, 2026, on a one-for-one basis, into Series AI Preferred Shares. As this would result in there being less than 2,000,000 Series AJ Preferred Shares outstanding, all remaining Series AJ Preferred Shares not tendered for conversion will, as per the terms and conditions attached to those shares, be automatically converted into Series AI Preferred Shares on August 4, 2026.

Registered shareholders who had elected to convert their Series AI Preferred Shares will have the share certificates representing the number of Series AI Preferred Shares tendered for conversion returned to them by TSX Trust Company.

The Series AI Preferred Shares will pay on a quarterly basis, for the five-year period beginning on August 4, 2026, as and when declared by the Board of Directors of BCE, a fixed cash dividend based on an annual fixed dividend rate of 5.10%. The Series AI Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.I.

About BCE
BCE is Canada’s largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.

1 Based on total revenue and total combined customer connections.

Media inquiries:
Ellen Murphy
media@bell.ca

Investor inquiries:
Krishna Somers
krishna.somers@bell.ca

View original content to download multimedia:https://www.prnewswire.com/news-releases/bce-reports-results-of-series-ai-and-aj-preferred-share-conversions-302832711.html

SOURCE BCE Inc.

Continue Reading

Technology

SpringBrand Launches AI Co-Founder, Giving Sellers a Dedicated AI Agent for Pre-Sale Work

Published

on

By

Sellers bring the expertise; AI helps package the service, guide pricing, and handle initial buyer conversations.

SAN FRANCISCO, July 22, 2026 /PRNewswire/ — SpringBrand, an AI-agent-powered services marketplace, today announced the launch of AI Co-Founder, a seller-side AI agent designed to help people turn their professional skills into structured, fixed-price services. The agent assists with service packaging, pricing guidance, listing creation, buyer intake, scope clarification, and initial qualification, allowing sellers to focus on delivering their expertise.

The launch addresses a friction point familiar to a growing share of the workforce. According to a Bankrate survey, roughly one in four American adults report having a side hustle — but for many more who have considered starting one, the barrier isn’t a lack of skill. It’s the work before the work: packaging an offer, setting a price, writing a listing, and fielding inquiries from buyers who aren’t yet sure what they need.

AI Co-Founder starts by interviewing the seller to surface marketable skills and shapes them into a structured, fixed-price offer ready for the marketplace. Once published, a dedicated AI agent represents the seller to prospective buyers — fielding initial inquiries, clarifying scope, and qualifying fit before the seller is ever involved. On the buyer side, the same agent-driven model applies: buyers describe the outcome they need in plain language, and SpringBrand’s agents match the request against available services and coordinate communication through to delivery. Users approve each step.

“Many people already have knowledge or experience worth selling, but turning that expertise into a clear offer can feel like starting an entirely new business,” said Luhao Zhao, Business Development Manager at SpringBrand. “AI Co-Founder helps handle the operational work around packaging, pricing, and early buyer communication, while the seller retains the judgment, expertise, and responsibility for delivery. We believe services are moving from static listings toward agent-assisted discovery and coordination on both sides of the marketplace.”

The platform can support a wide range of skills and service formats. A home baker could turn a popular recipe into a digital guide or virtual baking class. An office professional known for improving presentations could offer a fixed-price deck review or pitch-deck polish. A student familiar with relocating to a new city could package that experience into a rental preparation checklist or a one-on-one orientation call. In each case, AI Co-Founder helps structure the offer and prepare the listing without requiring the seller to start from a blank page.

SpringBrand is open to sellers now at springbrand.ai. Listing is free on the platform’s base tier, which includes AI-assisted service creation and basic traffic data. During the launch period, SpringBrand is waiving all selling fees and offering its Pro membership — which adds priority ranking in buyer opportunities, advanced analytics, and up to 30 qualified buyer requests per day — at no cost.

About SpringBrand

SpringBrand is an AI-agent-powered services marketplace that helps people package, discover, and purchase clearly defined professional services. Buyers describe the outcomes they need in plain language, while AI agents assist with service matching, scope clarification, and communication between buyers and sellers. SpringBrand was founded in 2026 and is headquartered in San Francisco. For more information, visit springbrand.ai.

Media Contact

Luhao Zhao
BD Manager
SpringBrand AI
support@springbrand.ai

Press Contact:
Luhao Zhao
2542492894
https://springbrand.ai/

View original content to download multimedia:https://www.prnewswire.com/news-releases/springbrand-launches-ai-co-founder-giving-sellers-a-dedicated-ai-agent-for-pre-sale-work-302832524.html

SOURCE SpringBrand

Continue Reading

Technology

NSW Community Services Workers Now Accessing Long Service Leave Across Multiple Employers on Appian

Published

on

By

New digital portal already supporting 180,000+ workers with more than $57 million in levy payments processed

SYDNEY, July 23, 2026 /PRNewswire/ — Long Service Corporation (LSC), a New South Wales Government statutory body, has launched a new digital application built on the Appian Platform to help community services workers across the State more easily access long service leave entitlements across multiple employers.

Delivered in partnership with Deloitte, the solution is designed to support workers employed across a broad range of services which look after the wellbeing of individuals and communities across NSW, such as housing and homelessness support, mental health services, and family and domestic violence support. Work in the sector often involves short-term employment contracts, multiple employers, and career breaks, making it difficult to maintain the continuous service traditionally required for long service leave. The new application helps approximately 250,000 workers and their 2,400 employers more easily track and manage their accrued service, ensuring they can access the entitlements they have earned over time.

Since the launch of the Appian-powered Community Services Industry portal in April 2026, more than 5,800 service returns have been submitted by nearly 2,000 employers, representing an approximate 80% completion rate. In the same period, more than 180,000 workers have been nominated into the scheme, enabling them to begin accruing portable long service leave.

LSC has already received over $57 million in levy payments, with total collections projected to exceed $100 million by 1 September 2026, highlighting the scale and momentum of the scheme. These results demonstrate the platform’s rapid impact in streamlining participation and delivering value to employers and workers. Lauren Nagel, Executive Director, LSC, said the application was designed to improve accessibility and reduce administrative complexity for both workers and employers.

“Workers and employers now have dedicated self-service portals and Long Service Corporation can also manage the scheme more efficiently and at scale,” said Nagel. “Using the application, workers and employers can securely interact with LSC through their MyServiceNSW accounts, complete identity verification, receive digital notifications, and manage service return payments online.”

The end-to-end application incorporates multiple NSW Government shared services to provide a streamlined and consistent customer experience. It also enables LSC to reduce manual administration through improved worker matching, guided self-service functionality and greater visibility across employer-worker relationships.

Kal Marshall, Area Vice President for Australia and New Zealand at Appian, said LSC has demonstrated how government agencies can modernise essential community services while improving access for workers.

“Long Service Corporation’s use case highlights how technology can help simplify highly complex administrative processes while improving outcomes for the people who rely on them most,” said Marshall. “For many community services workers, long service leave is a meaningful benefit that can be difficult to access under traditional employment models. By building a streamlined and scalable digital experience, Long Service Corporation is helping ensure workers can more easily receive the entitlements they have earned.”

Deloitte worked closely with LSC to align legislative requirements, operational processes and technical delivery throughout the project.

LSC also uses Appian Process HQ to monitor adoption, compliance and operational performance across the scheme, with future phases expected to include additional case management functionality.

Adam Karasiewicz, Partner, Deloitte, said the project combined legislative expertise with rapid technology delivery to support the rollout of the new scheme within tight timeframes.

“Portable long service leave schemes are highly specialised and require strong alignment between legislation, policy and operational delivery,” said Karasiewicz. “By combining Deloitte’s workplace integrity and policy expertise with Appian’s platform capabilities, we were able to help LSC deliver a secure, accessible and scalable solution quickly.”

About Appian

Appian provides AI automation for mission-critical work. We automate complex processes in large enterprises and governments. Our platform is known for its unique reliability and scale. We’ve been automating processes for more than 25 years and understand enterprise operations like no one else. For more information, visit appian.com. [Nasdaq: APPN]  

Follow Appian: LinkedIn, YouTube, Instagram, Facebook, and X.

About Deloitte

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organisation”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 400,000 people make an impact that matters at www.deloitte.com.

About Long Service Corporation

Long Service Corporation is a NSW Government statutory authority responsible for administering portable long service leave schemes across the building and construction, contract cleaning and community services sectors. www.nsw.gov.au/longservice corporation

 

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/nsw-community-services-workers-now-accessing-long-service-leave-across-multiple-employers-on-appian-302832545.html

SOURCE Appian

Continue Reading

Trending