Over Rs. 8,000 Crs of Business Transacted Across Shriram Automall Platforms

Shriram Automall India Limited (SAMIL), India’s most trusted service provider for buying and selling pre-owned vehicles and equipment, transacted over Rs. 8,000 Crs across its platforms. The company achieved this feat by conducting around 5.5 lakh transactions in a short span of 6 years with acquisition of over 6.5 lakh customers.

On the occasion of 6^th business anniversary celebrations, SAMIL conducted 60+ bidding events in a single day across the country which is a record itself. With a display of5,000+ vehicles & equipment valued over Rs.100 Crs for disposal, it clocked the benchmark figure of around 50 Crs which is also new company record for a single day business transaction. The company also further strengthens its physical presence by inaugurating the 66^th Automall in Agra, Uttar Pradesh. SAMIL also unveiled two new LIMCA BOOK OF RECORDS for being ‘The Largest Platform for Acquisition & Disposal of Pre-owned Vehicles & Equipment’ and for ‘Conducting Highest Number of Physical Bidding Events in a Single Day.’

In addition, the company launched its exclusive ‘MySAMIL App’ for its customers to enjoy the Live Bidding experience from anywhere across the nation. The new mobile bidding application has following advance features like:

• Participating in Live Bidding Events
• Submit Proxy Bid for Vehicle You are Interested in.
• Pay Online through Digital Payment Options
• Customer Registration & KYC Upload
• Get Updated with all the Latest News of the Company

On the occasion, Mr. Umesh Revankar, MD, Shriram Transport Finance Company (STFC), said, “The overall pre-owned automobile industry was dominated by an unorganized approach wherein the pre-owned vehicles were acquired and disposed at huge risk. The pre-owned segment was highly occupied by conservative and unreliable trade practices. Shriram Automall turned to be a game changer and removed every layer of this opaque system and served its customers with a completely transparent platform. We are delighted to complete 6 glorious years of existence and to provide multiple bidding platforms for used vehicles & equipment in an organised manner.”

Speaking on the event, Mr. Sameer Malhotra, CEO, Shriram Automall, said, “Over a short span of time, we have become the most trusted brand for all leading OEMs, Banks & NBFCs, Transporters, Leasing & Rental Companies, Vehicle Aggregators, Dealers, Contractors and Individuals & End Users to dispose their pre-owned commercial vehicles, passenger vehicles, construction equipment, farm equipment, three wheelers and two wheelers. Through our exceptionally professional services, we have been transforming lives of many and have successfully helped a driver to become a proud owner of a vehicle/equipment, an employee to an entrepreneur, as we paved the way for them to start something new, something big. Looking back at our 6 years of growth, we not only see a number of accomplishments but also the enthusiasm and hard work our employees devoted for our customers, which resulted in their complete trust on us.”

The following table elaborates on SAMIL’s achievements in last 6 years.

Under CSR program, the company also distributed scholarship cheques to children of drivers for their hassle free studies and making its contribution towards building an inclusive society.

Following are the awards and recognitions that the company has received over the years: