Mancherial, India (PressExposure) March 21, 2013 -- After successful inauguration of well established Automalls across the country, Shriram Automall launched its brand new initiative today at Mancherial. The Automall brings the country's first single-window transaction platform for pre-owned vehicles & equipments. The facility was inaugurated by the Chief Guest, Mr. Sameer Malhotra, CEO, Shriram Automall India Limited and the Special Guest for the event was Mr. Hamza Ali, RBH Hyderabad Region, Shriram Transport Finance Company Limited.
Spreading across three lakh square feet space, the facility is the first-of-its kind initiative, which facilitates asset acquisition & disposal in a transparent & hassle-free manner. Apart from of serving as a transaction platform, Automall assists the traders with financing and insurance options, as well as provide services for repair & refurbishing the vehicles As an add-on facility, rest rooms for travel-fatigued truck drivers and cleaners are also offered. The auto mall facility will be further utilised for holding vehicle events periodically.
Inaugurating state of the art Automall earlier in the day, Mr Sameer Malhotra, CEO, Shriram Automall India Limited, said, "We are proud to share with you that our vision of changing the skyline of India's pre owned vehicle and equipment industry is now turning into reality. After our successful Automall establishments in Hyderabad, the recent one in Mahaboobnagar & now with this Automall in Mancherial, we are well poised to tap the vast potential of the pre-owned vehicle& equipment market in the region. "
Speaking on the occasion, Mr. Hamza Ali, RBH Hyderabad Region, Shriram Transport Finance Company Limited affirmed, "Since its inception, SAMIL has come a long way, today we are India's only organized service provider for the transaction of pre-owned vehicles & equipment. With highly skilled staff, well-equipped yard, prompt valuation service, easy finance option, and documentation facilities, customers are bound to have a delightful experience of doing business with us. SAMIL has always walked an extra mile to add a smile on the customer face."
The Automall also houses two new initiatives Shriram One Stop & Shriram New Look. While One Stop is a computerised touch screen kiosk, providing real time information about used commercial vehicles available for sale, Shriram New Look offers refurbished pre-owned commercial vehicles that are put on display for purchase along with inbuilt financing options.
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. Incorporated 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 502 branch offices. Based in Mumbai, it manages assets worth Rs 40,307 crores and has a customer base exceeding 8, 50,000. Shriram in the last 30 years has helped replace nearly 20 lakhs trucks by providing affordable acquisition credit to the small truck operators.
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 transaction platform for the trading of pre-owned commercial vehicles, construction and agricultural equipments in an organized and transparent manner.