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We at Shriram Automall India
Limited (SAMIL) introduced the Physical Auction concept for pre-owned vehicles
& equipment in India by inaugurating our first Automall in Chennai on
February 26, 2011. Since then, we have been conducting hundreds of physical
auctions in every month at over 100 Automalls across India.
The Physical auction
platform stands strong on our innovative approach towards facilitating the buying
and selling of pre-owned commercial vehicles, passenger vehicles, construction
equipment, tractors, agricultural equipment, three wheelers and two wheelers.
It is a known fact in the industry that our widespread Automalls, full of splendid line-ups of vehicles and equipment, crowded auction halls and live auction in action are nothing less than of a Grand Event with excitement all around. Buyers come from all over the country to witness the lifetime experience while inspecting, valuating, comparing, bidding and buying the vehicle or equipment they are looking for.
PHYSICAL BIDDING PROVIDES UNIQUE EXPERIENCES DUE TO
VARIOUS REASONS LIKE FOLLOWING:
·
Structured and organized vehicles &
equipment Line up
·
Prior inspection facility
·
Catalogue with minute details
·
Availability of details & pictures in our
websites
·
Unique ramping process
·
Exhilarating bid catching
·
Crowded Auction Hall
·
Regular customer intimation through SMS and
Tele calling
·
Proxy bid
·
SMS Bidding
·
Live Event display
·
BidClub Rewards Membership for customers for
easy and quick participation at Auction
·
MySamil App Auction and Desktop Live Bidding
STEPS OF PARTICIPATION IN PHYSICAL AUCTION:
Register
to bid at Automall: To participate in Physical Auction, customers
need to register by presenting PAN Card (mandatory) and Address Proof document (i.e.,
Passport or Driving License or Voter’s ID or Adhaar Card) and submitting Refundable
Security Deposit (RSD) of Rs. 19,999. Registered customers will be given a Bidder
Book with unique bidder number on the cover.
Inspection
of Vehicles & Equipment: Prior to auction, the
pre-owned vehicles & equipment are put on display in an Automall. Customers
can visit the Automall and make a choice after properly examining the vehicles.
Be
Seated in Auction Hall: After all the formalities, the bidder
walks into Auction hall to participate in the Auction.
Listen
to the auctioneer: Customers need to listen the auctioneer
carefully as he introduces each lot and call for bids.
Watch
the bid catcher carefully: Bid catcher conveys your bids to the
auctioneer. So, observe the bid catcher carefully to place your bid.
Raise
your Bidder Book to bid: To place your bid, you need to raise
your Bidder Book. Bid catcher communicates if you have been outbid and need to
bid again.
Highest
Bidder Wins: To win a vehicle, bidders make sure that
their quoted amount is the highest. Out of all bids received, only the highest
quote wins.
Pay
and Take Delivery of your desired vehicle or equipment: Once
a bidder quotes the highest bid on a vehicle, his RSD amount is deducted from
the price quoted by him. Successful Bidder has to pay a minimum ten percent
(10%) of the highest bid amount of the asset to Seller/Owner on the same day of
declaration and balance amount should be paid within seven (7) calendar days
from the date of declaration.
ADVANTAGES OF PHYSICAL AUCTION:
·
Wide
varieties of vehicles & equipment from all the major brands in a single
place
·
Automalls
are strategically located near major highways to make access and
transport as easy as possible
·
Inspect,
valuate and bid to win with confidence: We let buyers compare, inspect and
valuate vehicle or equipment in person at their convenience to buy with
confidence
·
Technical
innovations and digital solutions: Apart from being present at the Auction
Hall, customers can also participate at all those events through proxy bidding,
desktop live bidding and auction via MySamil app.
·
SAMIL
Financial Services: A short term finance facility to make
your dreams come true of buying used vehicles & equipment
·
Allied
Services: We offer several allied services to help buyers to buy their
most preferred vehicle or equipment including parking, documentation, logistics,
insurance, refurbishing, and more
·
Unique
experience and feel the excitement: Unique line up & ramping
of a vehicle, exciting auctioning process and exhilarating bid catching provide
a unique experience to a buyer
·
Scope
for conversation with industry experts and seller directly
·
Post
the auction, customers can get instant delivery of
their won vehicle or equipment after fulfilling all the necessary steps
What’s
Next:
Do you have any question
about Physical Auction or upcoming auctions? Do you want help in registering
for an auction? Call our toll-free number: 18001024141 now and find all your
answers!
We would like to welcome you
at our 100+ Automalls across India to bid and take home your favourite vehicle
or equipment! Visit www.samil.in/contactus to
check out your nearest Automall! We look forward to seeing you!
