NewsVoir | 03 Aug, 2015
Shriram Automall India Limited (SAMIL), 100% subsidiary of Shriram Transport Finance Company (STFC), has launched a new Automall facility in Patancheru, which is the Companyâs 52nd Automall in India. Located at one of the prime locations in Telangana, in an industrial area, the Automall promises complete solutions to the pre-owned vehicles and equipment related needs of transporters, contractors, dealerships, manufacturers and individual buyers and sellers in Patancheru and nearby locations. Shriram Automall Patancheru is a one-stop destination for owning and disposing all types of commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers. For the huge demand of second hand passenger vehicles and heavy goods vehicles, the Automall has an immense stock of inventory and through its regular bidding events it is eyeing at taking them to the mass customers here.
âShriram Automall Patancheru is the 21st Automall of SAMIL in South India. There is an immense potential within the market here and we are eyeing at increasing our bottom line with this Automall launch. The aim is to reduce the gap between pre-owned vehicle buyers and sellers through our transparent deal practicesâ, stated Mr. Sameer Malhotra (CEO of SAMIL), who marked his presence at the Automall launch along with Mr. Sudarshan Holla (Executive Director & CEO â South Zone II of STFC).
The last update from SAMIL in South India came during February, 2015 with three back-to-back launches of its Automalls in Mysore, Calicut and Kollam. Spread across 12 acres of land, this Automall is equipped with a huge parking space and bidding area.
Post inauguration, a bidding event was conducted in the presence of around 800 people from different nearby locations, including Sadasivpet, Sangareddy, Narsapur, Hyderabad, Shankarpalli and Zaheerabad. Around 200 pre-owned vehicles were displayed out of which maximum were successfully disposed. The Automall will be regularly organising such bidding events in which any buyer or seller can participate after registration. Repair facility will also be provided on the vehicles through Shriram NewLook Refurishment. Moreover, a One Stop Classified Kiosk within the Automall will provide access to real-time information on over 20,000 vehicles, available with SAMIL across India for disposal.
While celebrating customer association to the fullest, the Automall also distributed numerous Privileged Bidder Cards and Education Scholarship cheques to the people who marked their presence. These Star Bidder Cards, Premium Bidder Cards and Platinum Bidder Cards will offer various benefits to the cardholder while they deal through the Automall. In order to increase customer engagement, a free health check up camp was organised for the all the participants at the bidding event. A lucky draw and a drawing competition for scholarship students were also arranged in which the winners were given SAMIL goodies.
About Shriram Transport Finance Company (STFC)
Shriram Transport Finance Company Ltd. is the largest asset financing Small Banking Finance Company (SBFC). The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks and a market share of around 25%. It has a pan-India presence with a network of 630 branches, and employs more than 18,000 employees including 11,243 field officers. The company has built a strong customer base of approx. 1.10 mn. Over the past 34 years, it has developed strong competencies in the areas of loan origination, valuation of pre-owned trucks and collection. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc. For more information please visit www.stfc.in.
About Shriram Automall India (SAMIL)
Shriram Automall India Limited (SAMIL), one-of-its kind facility, is a wholly owned subsidiary of Shriram Transport Finance Company (STFC). It is India's first-ever service provider that offers various well organised and transparent bidding platforms, including physical, online, one stop classified and negotiated deals, for acquisition & disposal of pre-owned commercial vehicles, construction & industrial equipment, tractors & agricultural equipment, passenger vehicles, three wheelers and two wheelers. The company also provides various allied services, including New Look Refurbishment services, valuation, parking and finance (through STFC). It has successfully launched more than 150 bidding locations, including over 50 well-structured Automalls and nearly 70 strategic parking locations, across India. The company has been awarded ISO 9001:2008 certification for its Quality Management System and rated AA from CRISIL.
For more information, please contact:
Ms. Jyoti Jain (NH-Marketing of SAMIL)
SHRIRAM AUTOMALL INDIA LIMITED
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