SAMIL Rolls out its 50th Automall in India at Sohna, Haryana

Shriram Automall India Limited (SAMIL), leading service provider for pre-owned vehicles and equipment, reaches a benchmark figure in its pan-India presence by launching its 50^th Automall facility at Sohna, Haryana. With a strategy to create the widest reach of its holistic services, SAMIL had been aggressively concentrating on Automall launches, since its inception in 2011. Today, the Company stands as a strong player in the pre-owned segment of Indian Automobile Industry with over 100 bidding locations, including 50 well-structured Automalls across India.

Sharing views on the accomplishment, Mr. Sameer Malhotra (CEO of SAMIL) stated “Our motto of establishing 60 Automalls in 2015 has reached a strong position with the launch of SAMIL’s 50^th Automall facility in Sohna. It has been strategically located to observe huge customer footfall from extremely promising nearby locations, including Delhi, Gurgaon, Rewari and Bhiwadi”. He inaugurated the Automall along with Mr. Sanjeev Kumar Sinha (Zonal Business Head of STFC).

Similar to SAMIL’s other Automalls, Shriram Automall Sohna (spread across around 2 acres of land) will also facilitate a transparent acquisition and disposal of pre-owned commercial vehicles, construction equipment, tractors, buses, cars & SUVs, three-wheelers and two-wheelers. However, the location showcases an impeccable scope to enhance the business of pre-owned passenger vehicles, construction equipment and tractors due to great demand.

After inauguration, the Automall conducted a bidding event while marking the presence of over 100 customers from Haryana, Delhi, Gurgaon, Rewari and Bhiwadi. Numerous pre-owned vehicles and equipment in different categories were displayed out which maximum were successfully disposed.

After this launch, SAMIL accounts for 19 Automalls in North India. These Automalls conduct regular bidding events, every month, while catering to India’s every need related to pre-owned vehicles and equipment.   

About Shriram Transport Finance Company Ltd:

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 100 bidding locations, including 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:

SHRIRAM AUTOMALL INDIA LIMITED

709, Best Sky Tower,

F-5, Netaji Subhash Place,

Pitampura, Delhi-110034

Tel: 011-41414444

Fax: 011-42414444

E-Mail: contact@samil.in

Website: www.samil.in