Stock Report

izmo launches new product - izmoEmporio - in the US

Posted On : 2022-03-28 13:31:07( TIMEZONE : IST )

izmo Ltd. announced that the Company has recently launched a new CGI-based product - izmoEmporio - in the US market.

izmoEmporio offers a CGI-powered 3D virtual showroom experience that can be embedded in auto dealer websites. It allows a user to personalize the car online, such as changing the color and wheels and adding a moonroof visor, spoiler and roof rack. After building a virtual car, the platform also allows users to share this on social media as well as get a quote from a dealer, who can price it along with the accessories based on the user's customization.

This product would enable buyers to customize the car as per their requirements, and allow dealers to offer specific built-to-order cars online, leading to better margins. Overall, with izmoEmporio embedded in a dealer's website, the experience becomes more engaging and interactive for a consumer, increasing the likelihood of a successful purchase.

Commenting on this development, Mr. Sanjay Soni, MD, izmo Ltd., said: "We are excited to announce the launch of izmoEmporio - our new CGI-based software for auto dealers. izmoEmporio offers a 3D virtual showroom-like experience to users wherein they can customize the car to their liking and get a quote for that customized car.

This tool makes dealers' websites immensely more interactive and engaging for consumers, increasing the chances of a successful buying decision. The industry is witnessing a trend of more and more consumers wanting specific customizations and a more immersive experience before finalizing a car. A typical buyer no longer buys based on set parameters, but seeks an 'customizable experience' from the car. This is what izmoEmporio delivers, benefitting the consumer as well as the dealer.

This development is in line with our strategy to bring new, innovative products to the market which are ahead of their times. I would like to thank the entire izmo team for their relentless efforts and hard work which pushes the Company forward."

Shares of IZMO Limited was last trading in BSE at Rs. 86.90 as compared to the previous close of Rs. 88.25. The total number of shares traded during the day was 11080 in over 198 trades.

The stock hit an intraday high of Rs. 90.50 and intraday low of 86.00. The net turnover during the day was Rs. 964352.00.