-The inception of Shriram Automall India Limited (SAMIL) dates back to February, 2011 in the quest of providing well-structured bidding platforms for the acquisition or disposal of pre-owned vehicles and equipment. The Company emerges from Shriram Transport Finance Company (STFC), which is India’s largest Small Business Finance Company. Established in 1979, STFC introduced the concept of organised financing in second-hand trucks segment while strategising its presence in 5-12 year old truck which leads to its market share of 25%. Pan India presence of the company has been cultivated with its 569 branch offices, employing more than 17,000 employees and serving a customer base of approx. 1 million.
-Deals in Sale & Purchase of a wide range of pre-owned commercial vehicles, construction equipment, tractors, buses, cars & SUVs, 3 wheelers, and 2 wheelers.
Refurbishment By New Look
Under Shriram New Look Refurbishment, SAMIL facilitates refurbishment of pre-owned vehicles and equipment. Through an efficient repairing process, the company facilitates best price realisation on assets. With this service, SAMIL also enhances the probability of disposing pre-owned vehicles and equipment. The New Look service quality is ISO 9001:2008 Certified.
With more than 30 acres of land to its credit, SAMIL facilitates parking to all its customers. In a completely safe and secured area, all the valuable assets are parked in around 70 strategic locations on daily/weekly/monthly rent basis. Generally, banks, NBFCs, large dealers, fleet operators and individuals opt for this service for parking and further disposing their assets through SAMIL’s bidding platforms.
SAMIL believes in serving its wide range of used vehicles and equipment at the most optimum price. A dedicated team of professionals and experts work rigorously with numbers to capture the real market value of an asset.
SAMIL serves its valuable end users with a facility to get the vehicles financed through its parent company, STFC, which is India’s largest Small Banking Finance Company with a niche presence in financing pre-owned trucks and small truck owners. With low EMIs, up to 100% finance* can be provided on the day of bidding event also.
SAMIL provides assistance in taking insurance coverage via Shriram General Insurance. Customers get benefit from inexpensive and exclusive rates offered at SAMIL. It offers full coverage against damage or loss to vehicles/assets selected through Physical/Online bidding events.
SAMIL provides complete support for paper work and certification. Full-fledged and dedicated team liaisons with RTO offices, across India, on a regular basis and documents are arranged by Automall Documentation Team for various types of vehicles belonging to respective consigners. This facility is available for vehicles to be showcased and put up for bidding at SAMIL’s bidding platforms.