Shriram Automall India Limited (SAMIL), an exclusive enterprise undertaken by Shriram Group, aims to bring better transparency and value-added services in the Commercial Vehicles & Equipment trading Industry in India. SAMIL is a wholly owned subsidiary of Shriram Transport Finance Company (STFC). This initiative was started in February 2011 to put an end to the unreliable and traditional practices prevalent in commercial vehicle transactions and organize vehicle-trading mechanism.
SAMIL is an ideal platform for the trading of pre-owned commercial vehicles, construction and agricultural equipments in an organized and transparent manner. It is a one-stop destination that offers a complete range of fleet management services such as finance, insurance, documentation, valuation, parking facility, refurbishment and repairs.
The company’s Automall is a first-of-its-kind mall that offers a common meeting platform for potential customers where the valuation of the vehicle is determined through a transparent process. To date, more than 1,200 events have been conducted and over 45,000 vehicles have changed hands with over 35,000 bidders. Along with the physical trading process, the company also conducts an online process at www.samil.in/bids.
In its second year of operations, Shriram Automall launched its full-fledged facilities in 10 locations, namely Chennai, Mumbai, Ludhiana, Vizag, Baroda, Aurangabad, Cuttack, Manesar, Pathankot, Gulbarga and intends to expand it to 60 other locations across the country by 2013. SAMIL is launching its 11th such facility in Hyderabad in November 2012. Equipped with secured stockyards, these Automalls are strategically located near highways or on the outskirts and are spread across 1 to 20 acres of land area.
Over a period of time, SAMIL has gained popularity as ‘Commercial Vehicle and Construction Equipment Supermarket’. ‘Shriram Automall India Limited’ is the pioneer in the pre-owned commercial vehicles sector. Its unique business model provides ample support to the growing needs of transportation and infrastructure development of the nation.