• Shriram Automall inaugurated its 71st Automall in Bikaner on 24th November’2017.!! • 72nd Automall Facility inaugurated by Shriram Automall in Guna on 28th November’2017.!! •Shriram Automall wins Limca Book of Records for being The Largest Platform for Acquisition and Disposal of Pre-owned Vehicles and Equipment FY2015-16 and for Conducting Highest Number of Physical Bidding Events in a Single Day.!! •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 India Limited(SAMIL) Won Best Service Provider Of The Year Award CIA World Builders and Infra Award 2017 •Shriram Automall was recognized as “Fastest Growing Brand for Pre-Owned Vehicles of the Year” in 2017 Leaders Awards...!!

Saturday, 15 July 2017

Normal Monsoon Will Boost Commercial Vehicle Loans


Favorable monsoon is likely to brighten outlook for recovery in microfinance, and will be a boost for tractor and commercial vehicle loans.

The monsoon season in India starts with the arrival of the rains on the southern Kerala coast around June 1. Its progress triggers planting of summer crops.

After hitting the south coast, it takes about a week to cover the coffee, tea and rubber growing areas of south India. It spreads to the rice areas of eastern parts in the first 10 days.

It usually covers half of the country in the first fortnight and enters the oil seed-producing areas of central India in the third week of June. Cotton areas in the western region get rains by the first week of July. It covers entire country by mid-July.

Half of India's farm output comes from crops planted during the first half of the June-September season.

Therefore with monsoon hitting in India, industry can expect the season to boost tractors & commercial vehicle demand. As the monsoon rains are vital for farm output and economic growth in India, the world's second-biggest producer of rice, wheat, sugar and cotton. Farm sector shares for about 15% of India's nearly $2 trillion economy i.e. Asia's third biggest.

According to the India Meteorological Department (IMD) and private forecaster Skymet normal and well-distributed monsoon is expected i.e. rainfall is expected to be 96 per cent ±5 per cent of the long period average.

With road transport being a major means of transporting agriculturally produced goods from the farms to the market, commercial vehicle operators are expected to benefit from a normal monsoon.

If you as well are looking forward to boost your sales by making process of transporting good both easy and convenient, buy a used tractor or commercial vehicle from Shriram AutomallIndia Limited (SAMIL).

Through sprawling 68 Automalls across the country, company offers used vehicles or equipment of every make and model at optimal prices.


You can both visit your nearby Automall or click the link below to start the procedure.

0 comments:

Post a Comment