Go Back   Team-BHP > BHP India > The Indian Car Scene

Thread Tools Search this Thread
Old 2nd July 2008, 10:50   #16
Join Date: Jul 2005
Location: Mumbai (MH-01)
Posts: 819
Thanked: 97 Times

As far as I know, City Limouzines are sponsors to the Indian Women's (?) Hockey Team. So, they are definitely not fly-by-night operators.
salilpawar1 is offline   Reply With Quote
Old 2nd July 2008, 10:51   #17
four_tire's Avatar
Join Date: Apr 2006
Location: Bangalore
Posts: 211
Thanked: 22 Times

It would be ideal to check with the RTO, Insurance company and a good lawyer on what implications are there for owner when someone other than owner causes the liability. Such should be documented and agreed upon.
four_tire is offline   Reply With Quote
Old 2nd July 2008, 10:58   #18
rkavthekar's Avatar
Join Date: Jan 2008
Location: Pune
Posts: 204
Thanked: 9 Times

The scheme is a trick to lure unsuspecting investors and are later duped. Similar case happened in Pune sometime back, where company will use your money to buy cars and use them to transport BPO employees of various organizations. The investors were duped. Finally the owners of the company were tracked (of course absconded after duping) and are currently cooling their heels in lockup.

Stay away from the scheme. Its too good to be true.

rkavthekar is offline   Reply With Quote
Old 2nd July 2008, 11:51   #19
Join Date: Aug 2007
Location: Delhi
Posts: 125
Thanked: Once

City Limouzines does not *seem* to be fly by night operator. They have a real estate company and were planning to launch a airline as well. Here's the url Welcome to City Limouzines (India) Ltd.
And of course they are official sponsors of Indian hockey federation.

The returns offered seem to be too attractive. I know a person who is already with them for about a year and has been getting regular payments so far. but the real concern is what will happen after say 1.5 years. (that's when you almost get your principle invested amount back). Will their cheques bounce thereafter? anyone heard of long term record of this company?
saurabhb2000 is offline   Reply With Quote
Old 2nd July 2008, 13:09   #20
swapnil.rahate's Avatar
Join Date: Oct 2007
Location: Mumbai
Posts: 103
Thanked: 7 Times

A Friend of mine has invested in the same scheme and he is getting regular income for the last 1 year. The car is on your name and you will get the car back after 5 years.
swapnil.rahate is offline   Reply With Quote
Old 2nd July 2008, 13:16   #21
Team-BHP Support
khan_sultan's Avatar
Join Date: Apr 2006
Location: Bangalore
Posts: 4,710
Thanked: 4,141 Times

if it's too good to be true, then it sure is. STAY AWAY...

Don't know how many here would remember the 'teak plantation' schemes from the early/mid 90's. Even they were promoted by so called well known companies. none exists now.
khan_sultan is offline   Reply With Quote
Old 2nd July 2008, 13:22   #22
Senior - BHPian
esteem_lover's Avatar
Join Date: Jul 2006
Location: Madras/Py
Posts: 7,556
Thanked: 452 Times

This company was very active here in chennai for a long time, but seems to have frittered away now.
esteem_lover is offline   Reply With Quote
Old 2nd July 2008, 21:53   #23
Join Date: Aug 2005
Posts: 244
Thanked: 20 Times
Thumbs down

Post Deleted by the Team-BHP Support : SMS / Slang is STRICTLY prohibited on this community. We would much appreciate your using full & proper english in posts, for the benefit of other forum users. Also, please avoid using excessive dots.............like...............this.......... ....

Please view our board rules carefully before proceeding any further.

Originally Posted by adityapd View Post
Guys !!!

let you use the car for 2 - 3 days every 2to 3 months.


are they sure when they are gonna let u use the vehicle or probably its a fraud....i am victim of a similar fraud ...iwas booked for two cheque bounce and one civilsuite
...guys most of such invest and get returns are mostly frauds ... and the legal systemin our country is itself corrupt so there may be justice delayed or no justice ..if u have money buy a car for urself or u dont have enough wait for time ...else we should learn to be happy....dont end up on victims side...neither on the opposite side

Last edited by GTO : 3rd July 2008 at 15:25.
trinadha is offline   Reply With Quote Received Infraction
Old 2nd July 2008, 21:58   #24
Join Date: Aug 2005
Posts: 244
Thanked: 20 Times

i dont refrain taking names of fraudsters or flutes...we should be well aware of such kind of groups taking peple for a ride....
trinadha is offline   Reply With Quote
Old 3rd July 2008, 02:14   #25
RedMM340's Avatar
Join Date: Apr 2008
Location: on the move
Posts: 459
Thanked: 25 Times

Originally Posted by adityapd View Post
Guys !!!

close on the heels of my earlier post , there is this another concern ( which happens to be related to the trust mentioned earlier) which goes by the name of " City Limouzines " and has an office in the Maker towers - an upmarket area in south Mumbai.

They have a scheme which works out as follows :

You invest in 25 % of the car value and the company would not only invest in the balance amount but would also pay for the petrol , maintainance cost as well as the driver's salary !!! Apart from that you would also receive a fixed monthly income for 5 yrs. The company would rent out the car to government institutions etc and would let you use the car for 2 - 3 days every 2to 3 months.

The deal on a Honda City ZX worked out as follows :

You enter into a deal to pay 2,25,000 /- and receive a monthly sum of 8000 /- for 5 yrs. After which the car will be transferred to your name and available for your use.

Unlike the previous deal, this is more of an investment option and the company pays you for renting out the car of which you are a partial owner.

It seems they are in business for the last 11 years and also have offices in Delhi and Bangalore and have recently started an office in Hyderabad.

The contact numbers of the H.Qs in Mumbai are 022 22028093 / 22028182.

So guys do you think this is a good ( and more importantly safe) investment option ? Does anybody on the forum have any clue / feedback on what this thing is all about ?

keep those inputs coming

City Limozines, etc. are crooks and cheats. If they were in any European country or the U.S. the owners would be in jail.

Their business model has nothing to do with cars. The cars are just a cover story to get unsuspecting (but greedy) people to invest money. They simply collect large amounts of money from the public and pay out huge interest payments, and will continue to do this as long as the number of investors continue to grow. As soon as the investments slow down, they will shut down and disappear.

And this is only half the bad news. These companies are also involved in all types of questionable business investments.
RedMM340 is offline   Reply With Quote
Old 4th September 2009, 10:58   #26
Team-BHP Support
GTO's Avatar
Join Date: Feb 2004
Location: Bombay
Posts: 51,099
Thanked: 113,012 Times

Originally Posted by GTO View Post
Thats a return of 42.66% per annum. Sounds a bit fishy, eh?
As they say, if it seems too good to be true, it probably is. City limouzine cheques have started bouncing. And yes, the Economic Offences Wing investigations are concurrent.

One of the investors, Jalandhar Pansare, complained to the EOW, saying he was not handed over the vehicle as promised. According to EOW, the company has duped several hundred investors by not handing over the vehicle at the end of the agreed period. According to the police, this scheme is not financially viable.
Times of India News Link
GTO is offline   Reply With Quote
Old 4th September 2009, 11:21   #27
Senior - BHPian
ashthedivx's Avatar
Join Date: Feb 2007
Location: Delhi
Posts: 1,355
Thanked: 22 Times

It had too be one day, but somehow people are still not understanding till date and investing their hard earned into such scams.

Other day I saw a "City Limouzine" Innova with a RJ Taxi number running on delhi roads, How I recognized it - It had big banner on boot mirror stating invest to earn
ashthedivx is offline   Reply With Quote
Old 4th September 2009, 11:36   #28
Senior - BHPian
Gansan's Avatar
Join Date: May 2009
Location: Chennai
Posts: 3,464
Thanked: 945 Times

I don't know how the numbers touted in the aforementioned scheme are even possible. A friend who runs a travels business recently offered to pay me Rs 7500 and Rs 12500 a month for an Indica / Tavera respectively, if I bought a vehicle and left it at his disposal. But he made it very clear that this amount will not be fixed each month, rather will be the average of what I can expect to make in a year. So there will be months with negligible return too. He was also very clear that I should not expect to meet emi payments from this. I can summon the car for my use from time to time based on need by informing in advance.

His words were "If you buy a car and don't want to keep it idle because of very less usage, you can opt for this. But don't take a loan and buy a car for this purpose, or at least don't expect me to pay for the emi each month".

I did not take up this offer as I felt the car will be ready to give up the ghost after 2 - 3 years of such usage.

Last edited by Gansan : 4th September 2009 at 11:42.
Gansan is offline   Reply With Quote
Old 4th September 2009, 16:44   #29
Join Date: May 2007
Location: Chennai
Posts: 51
Thanked: 0 Times

There is one more link regarding the casehttp://courtnic.nic.in/supremecourt/...%20317608p.txt
hari78 is offline   Reply With Quote
Old 11th September 2009, 15:33   #30
Join Date: Aug 2009
Location: Bangalore
Posts: 342
Thanked: 198 Times
Default Buy a New Car and Earn Rs.12,000 per month. Is this true?

Mods: Searched for this thread but could not find one. Did not know where to post. Please move this thread to the appropriate section

I came acrsoss this AD in the clasified section of Bangalore Mirror dated 10th September 2009, Page 14.

It states that after buying a car, the buyer earns 12,000 per month plus the company will take care of all the expenses for the next five years. Does that include petrol bills also. DP is Rs.85,000 for three years and 14,100 for five years. What is DP? How does this workout for the company as well as the buyer?
Attached Images
Sarvodaya is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Kawasaki Z800 unveiled, heading to India and now Launched. Edit - New color scheme for 2016 _raVan_ Superbikes & Imports 28 8th October 2016 20:25
1957 Plymouth Belvedere Unearthed after 50 years Ram Beyond Borders 46 9th June 2014 12:41
Parking lot attendants using cars for driving lessons - Racket unearthed ghodlur Street Experiences 13 9th May 2012 15:06
Hyundai's new Before service Car checkup scheme rahul_intlad The Indian Car Scene 2 14th June 2007 11:54
Car import racket unearthed four_tire The Indian Car Scene 13 9th June 2006 23:41

All times are GMT +5.5. The time now is 08:40.

Copyright 2000 - 2018, Team-BHP.com
Proudly powered by E2E Networks