• Shriram Automall India Limited now sprawling in PAN India with 80+ well established Automalls!! • 80th Automall Inaugurated in Surat, India!! • Shriram Automall is best known for being the largest used vehicle and equipment transaction platform offering convenient allied services.!! • Shriram Automall MOBILE APP LAUNCHED...!!Download the app now!! • Sameer Malhotra – CEO, Shriram Automall India Ltd. as Esteemed Jury at Equipment India Awards 2017.!! •Shriram Automall with CarTrade Exchange is the largest online vehicle and equipment transaction platform. •Offering Valuation and Inspection Services in 2hrs turnaround time through Adroit Auto, Shriram Automall is the leading name.!!

Monday, 31 March 2014

How to Maintain a Car?

With increasing buying capacity of people, cars have become extremely common on Indian roads. Almost every family has at least one car in its parking yard. It is categorised as the most convenient vehicle amongst all. In order to live a long life with this vehicle, it is important to take care of its regular maintenance. If this activity is performed on a regular basis, it will ensure a great performance of the car. Here are some of the maintenance tips that will certainly make a car safe and a worth to ride on road.   
  • Get the car tune-ups done on regular basis  
It is vital for a car owner to get his/her vehicle tuned-up at least once in a month. You can either do it yourself or visit a maintenance garage. It not just ensures an optimum efficiency of your car but also helps in saving a lot of your money. The major reason for this is 30% more consumption of gasoline annually in poorly tuned-up cars.
  • Regular check up of car’s fluid levels
In case of a new car, its fluid level must be checked on a weekly basis and in used cars; it must be checked on a daily basis. This not only       ensures a better condition of your car but also contributes in a safe drive.
  • Check its tyre’s pressure on a regular basis
A regular check-up of tyres on a monthly basis also ensures a better performance of your car. In case of failure, the result has a negative impact on the car.   
While facilitating the trade of used cars in India, Shriram Automall India Limited (SAMIL) has taken several initiatives to enhance bidding arena in automobile industry. Along with used cars in India, it provides refurbishment and repair services before disposal. This way, it offers better price realisation for used cars in India.

“At SAMIL, we always aim at setting new benchmarks in the pre-owned segment of automobile industry. We even have tie-ups with major manufactures in order to facilitate the disposal of their pre-owned cars in India.” – Mr. Sameer Malhotra, CEO of SAMIL 

Wednesday, 19 March 2014

JBM ventures into bus manufacturing

JBM has launched a low-floor bus ‘CITYLIFE’, specially designed for intra-city travel in the country. The bus will be manufactured locally by JBM in technical collaboration with ‘BredaMenarinibus’, European bus maker, with a total investment of Rs. 500crores.

The bus will be manufactured at JBM’s production facility in Faridabad and Kosi, where 2000 units are manufactured annually.

Friday, 14 March 2014

SAMIL targets 30-50% growth in FY 2014-15

With huge demand generating in the pre-owned segment of vehicles and equipment, SAMIL aims for 30-50% growth in FY 2014-15. The company plans to touch a figure of Rs.100Cr for its service charges which is 3-5% on average ticket size of Rs 1.75-2 lakh.

After recording 50,000 transactions in the last fiscal, SAMIL has already gone beyond a number of 1 lakh in transactions for the current fiscal. On a monthly basis, the company conducts 10,000 transactions on its physical bidding platform and about 2,000 transactions in its online space.   

SAMIL’s Automalls across India, witness a footfall of 500-1,000 people every day while the invitation is sent to around 20 lakh customers in a month through advertisements in SMS, newspapers, tele-calls and other mediums.

Around 50% of the company’s revenue is generated from South India and the remaining part of Indian operations makes contribution in equal proportion with reference to its fee income.  

Thursday, 13 March 2014

Better demand in Commercial Vehicle Segment due to infrastructure projects

After recording terrible numbers in the previous few months, the commercial vehicle segment is likely to expect better demand in coming days. 

The infrastructure projects, awaited for clearance from last 2–3 years, have now started gaining pace in terms of approvals.

In fact, many big projects have received green signal in the last few months.  

Thursday, 6 March 2014

Hero MotoCorp sale grew in February

While maintaining the consistency of over 5 lakh units in its sales, Hero MotoCorp reports a marginal growth for the month of February.

It sold 5,04,181 units in comparison to 5,01,271 units in February, 2013.

suggested readings: 

Various methods of selling used construction equipment.

Tuesday, 4 March 2014

Ashok Leyland Sales Report for February

Ashok Leyland (ALL) reported a total sale of 7,915 units for the month of February 2014 in comparison to 10,046 units in February, 2013, which means a decline of 21.2%. Its LCV sale dropped to 2,339 units in February 2014 from 3,001 units in February 2013.

From April to February 2014, ALL witnessed a sale of 79,056 units whereas it sold 1,00,592 units in the previous year which means a fall of 21.4%. Its medium and heavy commercial vehicles sale from April to February 2014 is 52,624 units in comparison to 70,000 units in previous year. For its light commercial vehicles, the sale figure went down to 26,432 units from 30,592 units.

Monday, 3 March 2014

Market likely to focus on auto sales, reaction to GDP growth

As Indian gross domestic product (GDP) witnessed a subdued growth of 4.7% for December quarter in comparison to 4.8 % and 4.4 % in the last two quarters, trading will be carried out as a reaction to the same in this week.

A major focus is expected to be on auto stocks as it came across a declining sales data in February. Companies, like Tata Motors, Maruti Suzuki and Mahindra & Mahindra reported a turn down in their sales.