Pitampura, India (PressExposure) April 23, 2013 -- Shriram Automall India Limited (SAMIL) inaugurated its 22nd full-fledged Automall facility today, in Jharsuguda, Odisha. The Automall brings the country's first single-window platform for acquisition & disposal of pre-owned trucks to the city.
The new automall facility was launched by Mr. Dilip Kumar Deo, Superintendent of Police; Jharsuguda. The Guest of Honor was Mr. Sameer Malhotra, CEO, Shriram Automall India Limited and Mr. M I Abbasi, the Executive Director & CEO - North, East & Central Region, Shriram Transport Finance Company.
On this occasion Mr. Dilip Kumar Deo applauded the initiative. "We are proud have a new Automall facility in Jharsuguda today, it will create a transparent platform for common man to choose best used vehicles within their range", he stated.
"Jharsuguda has great potential to grow into a major market for pre owned vehicle & equipment. The region has ample opportunities to be leveraged and realized. Shriram Automall will not just provide a platform for asset acquisition & disposal but also guide customer to make a wise decision", affirmed Mr. Sameer Malhotra, CEO, Shriram Automall India Limited.
Mr. M I Abbasi, Executive Director & CEO - North, East & Central Region, Shriram Transport Finance Company also commented, "The demand for pre owned & used vehicles continues to outstrip the supply, which represents the huge opportunity in the business. Even the slowdown of 2013 in Auto Industry hasn't affected the growth of Used Vehicle market".
SAMIL is the India's pioneer service provider that offers a common platform for the acquisition & disposal of owners/seller's pre-owned commercial vehicles, construction and agricultural equipments in an organized and transparent manner. Spreading across 1.5 lakh square feet space, the facility is the first-of-its kind initiative, which allows the country's large community of truck-owners to acquire & dispose their vehicles in a hassle-free manner. Automall facilitates the owners to seek financing and insurance options, as well as provides major and minor repair options. As an add-on facility, rest rooms for travel-fatigued truck drivers and cleaners are also provided. The company plans to have a PAN India network of 60 such Automalls strategically located on important highways of the country.
The Automall also houses Shriram One Stop, a computerized touch screen kiosk which is a virtual Truck Bazaar, providing real time information about used commercial vehicles available. It will also simultaneously facilitate registration of individual buyer's requirements. One Stop will bring more transparency in the process of buying and selling used commercial vehicles.
The Automall includes Shriram New Look, wherein refurbished pre-owned commercial vehicles are put on display for purchase along with inbuilt financing options.
About Shriram Transport Finance Company Limited.
Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking and Distribution businesses. Established in 1979, Shriram Transport is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets. It has PAN India presence with 530 branch offices. Based at Mumbai, it manages assets over Rs 46,500 crores and has a live customer base exceeding 9,00,000.
Shriram Automall India Limited (SAMIL), one-of-its-kind facility is a wholly owned subsidiary of Shriram Transport Finance Company. It is India's first ever service provider that offers a platform for acquisition & disposal Of pre-owned commercial vehicles, construction and agricultural equipments in an organized and transparent manner. The company has already launched its full-fledged facilities in 22 key locations across India. The Automall offers a common meeting platform for potential buyers and sellers where the valuation of the vehicle is determined through a transparent process. In addition, Shriram Automall also promotes two new initiatives: 'Shriram New Look' and 'Shriram One Stop' to provide value-added services to its potential customers.
For further information, please contact: