MAM
eBay India announces its first global transaction
BANGALORE: Online marketplace eBay India, formerly Baazee.com, has announced its first global transation since its recent launch. Dr. Vineet Srinivasan, Illusions India, a dentist with a passion for ecommerce sold a diamond solitaire to Mark Baugh from Dallas, Texas in USA, a media release says.
Avnish Bajaj, Country Manager, eBay India was present on the occasion to felicitate the first Indian seller who traded internationally
Says Bajaj, “We applaud the entrepreneurial spirit of Indian sellers who have made a great beginning of selling products internationally. Dr. Srinivasan was the first of 378 Indian sellers who have sold to buyers from 31 countries since the launch of eBay India. In fact, 16 items sell to international buyers every hour on eBay India. We see a lot more global trade taking place in the future.”
Baazee.com was re-launched as eBay India on 24 March, marking the final integration of Baazee’s technology platform with eBay’s platform. With this, Indian users got access to the eBay global marketplace. Buyers and sellers in India now have access to a global trading community of 135 million users in 33 markets worldwide, the release adds.
Global trade on eBay is all trade on the eBay platform between sellers and buyers who live in different countries and thus, the goods cross international borders. Currently, global trade GMV (Gross Merchandise Volume) on eBay is $4.2 billion.
Brands
Skoda VW India names Nitin Selot executive director for finance, IT and legal affairs
Selot to lead finance and IT at six-brand India operation
NEW DELHI: Škoda Auto Volkswagen India Private Limited has appointed Nitin Selot as executive director for finance, IT and legal affairs, effective 19 February 2026, as the carmaker sharpens its focus on India as a core growth market.
Selot will serve as chief financial officer of the Indian arm, overseeing financial steering, governance and technology transformation at a time when the group is reworking internal processes and tightening operational discipline.
The company manages six brands in India: Skoda, Volkswagen, Audi, Bentley, Lamborghini and Porsche and operates manufacturing plants in Pune and Chhatrapati Sambhajinagar.
Škoda Auto board member for finance, IT and legal affairs Holger Peters, said Selot’s appointment comes at a pivotal moment, with India now the company’s most important market outside Europe. Strengthening financial controls, improving governance and building long-term resilience are central to the group’s strategy, he added.
Skoda Auto Volkswagen India managing director and CEO Piyush Arora, said the group is entering a new phase driven by productivity gains and a stronger local-for-local approach. Robust financial planning and agile IT systems, he said, will be critical to sustaining momentum.
Selot brings 35 years of leadership experience across industrial, consumer and energy businesses. He has previously held senior roles at JCB India, Compass Group India, Shell and Mars Wrigley.
He holds an ACMA from the Institute of Cost & Management Accountants of India, an MBA in finance from the Institute of Management Technology, Ghaziabad, and an ACS from the Institute of Company Secretaries of India.
