UNIQUE PHYSICAL BIDDING SERVICES AT SHRIRAM AUTOMALL INDIA LIMITED

Shriram Automall India Limited (SAMIL), India’s Largest Platform for Pre-Owned Vehicles and Equipment has resumed its unique services of Physical Bidding at its Automalls, PAN India while taking care of all the safety norms laid by the government of India.  

Physical Bidding Services, where a wide spectrum of pre-owned vehicles and equipment walk on the ramp for live bidding and all the registered customers participate in these live bidding events to acquire a used vehicle and to gain an insight on the price trends in the market.

 

Steps of Participation in Physical Bidding

·        Physical Inspection of Vehicles

Two days prior to a bidding event, the pre-owned vehicles are put on display in an Automall and buyers can visit the Automall to properly examine the vehicles and make a choice thereafter.

·        Registration

To participate in the live bidding of pre-owned vehicles and equipment, buyers fill the registration form at registration counter.

·        RSD Amount Submission

After filling the form, the buyer submits the Registration Security Deposit (RSD) amount of Rs. 19,999/-. After that, he is given a ‘Bidder Book’ containing information about the inventory list to be displayed in the bidding event.

·        Gathering in the Automall’s Bidding Hall

After all the formalities, the buyer walks into the bidding hall where the announcer communicates the Company overview along with the terms and conditions of bidding.

·        Witnessing the ramped Vehicles

Variety of pre-owned vehicles and equipment like commercial vehicles, construction equipment, passenger vehicles, farming equipment, 3 wheelers, and 2 wheelers  are displayed on the ramp in the sequence mentioned in the bidder book.

·        Bid on Desired Vehicles

Buyers pay full attention to the announcer in order to bid correct amount on their desired vehicle. As per the choice made in advance, they bid for that vehicle to walk on the ramp.

·        Highest Bidder Wins

To win a vehicle, bidder make sure that their quoted amount is the highest as the one with highest bid gets the vehicle.

·        Post Successful Bid

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.

 

So, don’t wait and witness the excitement of Physical Bidding Events by visiting your nearest Automall today!