Cabinet approves MoU between India and Australia on cooperation to establish Centre of Excellence in Smart Transportation Technology

Image Source - http://www.ceec.uitp.org

To increase the quality of life, last Monday i.e. 10^th April’2017, The Union Cabinet chaired by Prime Minister Narendra Modi signed six memorandums of understanding (MoUs).

These MoUs and agreements are signed in the areas of Security, Environment, Sports, Science, Technology and Health, while keeping in mind the purpose between the two countries, i.e. to provide technologically safe and healthy environment to its people.

As per one of the MoUs signed, two countries will adopt smart transportation; in which Indian Academy of Highway Engineers (IAHE) with University of New South Wales (UNSW) agreed to establish a Centre of Excellence in Smart Transportation Technology.

This MoU is in line with the Ministry of Road Transport and Highway’s vision to influence and adopt global innovation into the transportation sector, which will accelerate the evaluation and adoption of new transportation technologies in India and Australia.

For smart cities, this memorandum will focus to conduct research, development and training in the areas of transport system modeling and data.

Government is taking all the essentially efficient steps to make Indian Automotive sector both smart, technological & advance, thereby boosting it to grow even further. This Centre of Excellence in Smart Transportation Technology is going to be the world’s first transportation centre involving two countries committed to see technological innovation for economic development through improved safety and reduced congestion.

Shriram Automall India Limited (SAMIL), No.1 service provider of used vehicles and equipment in India, since its inception, while playing its part in National Development, look forward to grow across the country sustainably. Company very effectively, while keeping itself aligned with all the newly amended transportation rules and regulations provide multiple transparent platforms to Acquire or Dispose Used Vehicles & Equipment in the country.

Now with, Centre of Excellence in Smart Transportation Technology coming, company being the resource focuses to offer used vehicles at optimal prices for research purposes.

Government is playing its part, you play yours and buy used vehicles or e-vehicles complied with latest emission norms, for better tomorrow. Visit your nearby Automall today to Acquire or Dispose used vehicles or equipment or click the link below for easy, convenient registration.

 Link https://goo.gl/TRchZK

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BUDGET 2017 – HERE IS WHAT THE AUTOMOBILE INDUSTRY IS EXPECTING

2016 was a rough year for the automobile industry; it has gone through a roller coaster ride with some government decisions like diesel ban, GST and demonetization hampering the overall industry growth projected for FY 2016-17. Auto industry contributes 7.1% to the country’s GDP and has been on an evolving note. It is the only industry that took the PM Modi’s Make in India project on its head and contributed the best.

 The industry is currently recouping and hence a lot of friendly announcements are expected in the Budget 2017 to further boost growth.

Relaxation on excise duty - The industry is expecting lowered as well as uniform excise duty structure. This will essentially reduce vehicle cost and boost sales.

Faster implementation of GST - The Industry will be expecting the implementation of GST, proposed to come into effect from July 1, 2017, without further delay.

Clarification on vehicle scrappage policy - The industry will be keeping its ear to the ground for announcements on incentives, timeline and fleet modernisation under the scrappage program.

More incentives for hybrid and electric vehicles – Along with the FAME India scheme, the industry still expects lower taxes and benefits for the segment to grow in the country.

Reduction in interest rates - Indian automobile industry will be expecting government to reduce interest rates on auto loans for passenger as well as commercial vehicles.

You May Also Read : GST IMPACT ON USED VEHICLE & EQUIPMENT INDUSTRY

All of us are hoping for a favorable budget this year as last year despite all positive scenarios the industry felt short of its projection. This year if all of these announcements are made than there will be no stopping as the industry alone contributes a lot in terms of revenue, employment, Foreign Direct Investment. As the new and old vehicle market go hand in hand, we expect tremendous boost in the demand of pre-owned market altogether. Sameer Malhotra, CEO SAMIL

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INDIAN TRACTOR INDUSTRY ALL SET TO BE BACK ON TRACK

Tractors Industry which was witnessing steady single digit growth for the past three years are all set to post a double digit growth this fiscal even in this scenario of demonetization which has hit the country adversely.

As per several tractor manufacturers, tractor sales is likely to grow by 18-19% to 5.8-5.85 lakh units by the end of this fiscal. If this comes true, it will be the second highest sales volume recorded in the domestic tractor market in a year after sales surged 20% to a record high of 6,34,151 units in 2013-14. Between April and October 2016, tractor sales accelerated 25% over that in the previous year. After falling 14% in November, sales picked up in December to grow 7% over that a year ago.

At the same time the pre-ownedtractor segment is also showing a decent growth in the past one year, organized players like Shriram Automall India Limited are receiving good demand for used tractors thanks to the favorable outcomes this year in terms of decent monsoon and sowing of rabi crops.

Industry pundits are expecting a good demand in the year to come as the new budget for FY 2017-18 is all set to boost the spending capacity of all individuals across the country and with the implementation of GST can make tractors cheaper and easy to afford.

‘The ongoing year has already created a favorable market scenario for the farm equipment segment and in the next FY we are expecting to have a positive increase in the demand for used tractors are the government is all set to focus more on the agricultural sector. Also people often opt to buy a pre-owned tractor through finance and put their hard earned money in avoiding crop failure.’ Said Sameer Malhotra, CEO SAMIL

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Shriram Automall to Inaugurate Its 65th Automall Facility in Coimbatore on 6th Feb 2017

February 06, 2017, New Delhi, Shriram Automall India Limited (SAMIL), India’s Largest Service Provider for Exchange of Pre-owned Vehicles & Equipment, will inaugurate its 65^th Fantastic Automall facility in Coimbatore. The Automall is the 5^th facility in the Tamil Nadu State and is in line with the aggressive expansion plans of the company. Spread across a sprawling 9.9 acres of land the Automall will aim to satisfy the demand of pre-owned vehicles and equipment through an organized medium.

Coimbatore is also called the "Manchester of South India" due to its extensive textile industry, fed by the surrounding cotton fields and will receive good demand for farm equipment & commercial vehicles. The Automall is strategically located at Palankarai Village on Perundurai Road, Avinashi. People from all across Coimbatore and nearby locations like Mettupalayam, Pollachi, Tirupur, Erode & Salem can come to the Automall and participate in our bidding events.

Tamil Nadu is a state that receives major demand of pre-owned vehicles and equipment and Shriram Automall through its constant efforts aims to satisfy the ever growing demand by inaugurating more Automalls in the state.

Farm equipment and light commercial vehicles form the majority of demand and SAMIL through its agreements with leading banks and NBFCs will offer the most extensive line up of all segments including commercial vehicles, construction equipment, agricultural equipment, passenger vehicle, two wheeler and three wheelers.

You are invited to be a part of the grand inauguration ceremony on 06^th February 2017, 10:00 am onwards. Take part in our most exciting bidding event and buy the used vehicle you desire in the most transparent and organized manner.

As a part of our expansion plan to inaugurate 75 well structured Automalls by 2020, with the launch of Coimbatore Automall, which is the 65^th facility of the company we aim to reach the number before the target set. With favorable demand of used vehicles and equipment across the country along with a positive outlook for the coming years we are hopeful of achieving this new target easily. Our organized & transparent process has been accepted very well by the customers and we are all set to strengthen their trust through this Automall. 

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HERE IS WHAT OUR CUSTOMERS SAY ABOUT SHRIRAM AUTOMALL

Shriram Automall being India’s most trusted service provider for exchange of used vehicles & equipment generally attracts a number of customers at all its bidding events across the country. The company have over 6,00,000+ unique bidders who like to visit the Automall for all their vehicle & equipment need.

‘Every time I come to shriram Automall it feels like they have increased their inventory of used cars by hundreds, I always find the best of car at the price of my choice. I feel like a big part of this family.’ Suresh Reddy – Customer Nagpur Automall

‘It was a new experience for me all together, I came here to just to inspect the available bikes but with such a vast inventory I thought I would be foolish to go empty handed as the price of something I just could not ignore. I finally bought a Bajaj pulsar.’ 

Vikas Mitra – Customer Manesar Automall

Being a transporter I visit Shriram Automall on a regular basis. I use their professional service to the fullest as I dispose my used trucks here and at the same time get the finance facility on the trucks that I buy again. It’s totally OneStop solution for everyone’s need. I recommend SAMIL whenever someone asks me about a place for buying used vehicles.

Nishant Gupta – Customer Panvel Automall

Like them Shriram Automall has furnished the requirements of more then 3, 50,000 customers who now only trust SAMIL for their used vehicle needs. Its transparent & organized process has been accepted very well in the country and with Automall near their reach it has truly transformed the pre-owned vehicle market.

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ON ROAD EMISSION TESTING NOW BEGIN AUTOMOTIVE RESEARCH ASSOCIATION OF INDIA STARTS VEHICLE TESTING

Ref - http://www.indiaenvironmentportal.org.in/

Vehicular pollution has always been one of the major concerns of Indian Government & to combat that various state government has introduced a number of initiatives, most popular being the ‘Odd & Even Scheme by Delhi Government. Later the government informed the automobile industry that it needs to upgrade their vehicles to BH VI compliant engines by the year 2020.

With its aim to contribute its part the Automotive Research Association of India starts on road emission testing in Pune to collate data about tail-pipe emissions. Currently only lab based testing is compulsory in India however the on-road testing will be compulsory in India too by 2023, three years after the implementation of Bharat Stage-VI regime on April 1, 2020.

Experts consider the on-road testing to be a way more efficient model to measure emissions. “If you carefully study emissions notification under BS-VI, it prescribes the closeness with which real emissions happen with respect to the standard lab condition. We will start collecting data (for BS-IV compliant vehicles) on some sections of expressways, national and state highways, cities and village 

roads. This will be done in a mix and match manner,” Rashmi Urdhwareshe, director, ARAI, said.

Mr. Sameer Malhotra, CEO Shriram Automall said ‘Vehicular pollution in my view does not contribute a large extent but what’s important is when the industry moves to BS VI engines they will contribute much less then what the number is now. Collecting data for BX IV vehicles & then comparing it will BS VI compliant vehicle will help the agency to find what I think will be called a stark difference. I am optimistic about the years to come that India will rise high and contribute less pollution in every possible way’

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SHRIRAM AUTOMALL AND THE YEAR 2016

The year 2016 has been regarded as the year in which the automobile industry saw the most growth across all segments. Both the new and used automobile industries are on a growth trajectory with impressive spikes in sales, production, and exports over the last two years. With an average production of around 24 million vehicles annually and employer of over 29 million people (direct and indirect employment), the automotive sector in India is one of the largest in the world. India is the largest three-wheeler and tractor manufacturer, 2nd largest two-wheeler manufacturer, 2nd largest bus manufacturer, 5th largest heavy truck manufacturer, 6th largest car manufacturer and 8th largest commercial vehicle manufacturer.

2016 has also been a great year for Shriram Automall India Limited as the company was successful in expanding its road to even the remotest corner of the country. The company inaugurated 7 new well structured Automall across the country which is now attracting more than 500,000 customers throughout.

SAMIL was successful in collaborating with more than 10 leading Banks, NBFCs & OEMs this year with the aim to source the best inventory for its customers and in return get the revenue out of the unused assets of these entities.

In order to reach more customers the company launched various technologies like:

Mobile Bidding Application – The application helps you to bid on your desired vehicle in the comfort of your home, pay the RSD amount through various payment options & even contact nearest Automall.

Desktop Live Physical Bidding - all new features to help customers participate in physical bidding events anywhere from their desktop. Bid on your desired vehicle & equipment easily

2015 was the year when we begin to get rewarded for your unique platforms & other services but it’s the year 2016 that won a number of accolades from industries leading bodies like:

Limca Book of Records - for conducting highest number of Online & Physical Bidding Events FY2014-15

Indian Brand Convention - Most Promising Brand & Best Online Market Place in Pre-owned Automobile Industry"

Disruptive Tech & Innovation Awards 2016 - Best Disruptive Innovation of the Year – Automotive

The CRISIL rating of AA+ has also been reaffirmed by the body which boosts the confidence of its customer in the brand.

On the verge of 2017, the company aims to reach more and more customers by opening Automall at untouched locations. Getting equipped with latest technology, support the dream of our Hon. Prime Minister of being a cashless economy and more.

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Backhoe Loader and its Applications- Widely Engaged Construction Equipments

Speaking about the new age varieties of construction equipments, it wouldn’t be wrong to say that they have entirely changed the way the construction industry works in today’s advanced world as compared to a decade back or so. Let us understand about one such useful apparatus we have.

What is a Backhoe Loader?

A Backhoe Loader, commonly known as a digger in layman terms, is earthmoving equipment that comprises of a tractor like unit installed with a loader-style bucket sort of component on its front and a backhoe on its back. It is one of the highly beneficial and frequently employed tools within the urban construction projects, particularly owing to its comparatively compact size and shape than the other equipments available in the market. And again, owing to its easily manageable built, it’s considered to be among the most performance oriented construction equipments.

Why Backhoe Loader?

The new initiatives such as the recent Government sponsored rural employment actions are becoming a major challenge in procuring enough manual laborers for construction projects. Moreover, the globalization is taking place at a much faster pace and there are a plenty of projects operating at a huge level. Equipments serve with an unmatchable speed and thus, reduce the cost factor in the long run. The shape, size and overall design of a backhoe loader is made to be very efficient, environment-friendly and suitable for multiple tasks together to enhance its demand even more in the construction segment.

Applications

Backhoe loader is the construction equipment which makes using it highly convenient in most of the cases, thanks to its simple, small shape and multiple functionalities which can be conducted easily with the help of several attachments available such as a grapple, auger, grinder or breaker. The backhoe and loader are separate components and have different applications; they can be used independent of each other. A backhoe is primarily required for digging, mining and breaking while the loader, as the name suggests, remains confined to loading alone, for filling the carriers which in turn shift the materials from one place to another.

It is profoundly employed at a number of places such as construction sites, civil construction sites, mining, digging/excavation, small demolitions, minimal transportation of the construction materials, assisting the other building equipments, landscaping and paving roads etc.

In case you are on the lookout for pocket-friendly yet high quality pre-owned construction equipment range, please feel free to get in touch with Shriram Automall India Limited (SAMIL) and get your hands on the best of used vehicles and equipments available through a unique and advantageous bidding platform. SAMIL is a pioneer in providing a magnificent variety of pre-owned vehicles and equipments for years now.  

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Interesting Facts about Buying/Selling Used Trucks at Shriram Automall

You can find a wide range of used commercial vehicles at Shriram Automall India Limited (SAMIL), and can select the pre-owned commercial vehicle of your choice. Ranging from LCV’s to HCV’s, SAMIL’s collection of used trucks has made it a market leader. The company has transformed the way used commercial vehicles are sourced and displayed to the buyers. Buyers can easily choose different platform for bidding according to their convenience. SAMIL has helped thousands of people from across all regions of the country every year in acquisition and disposal of trucks, trailers and other transportation vehicles.

·         Multiple option of trucks and trailers

SAMIL’s customers are very well versed with the fact that the company conducts large number of bidding events in a year along and process transparent deals. You can find hundreds of trucks and other commercial vehicles in stocked up at the Automalls to choose from.

·         Prices are reserved by sellers

At every bidding event, prices of pre-owned commercial vehicles are priorly reserved by the customers who want to dispose their used truck through bidding. Then the highest bid is coordinated with the reserved price and accordingly vehicle is traded or put on hold.

·         Trucks from Top Makers

You can find used trucks and other vehicles from all the top manufacturers, at SAMIL. Company has a number of tie-ups and associations with leading banks, NBFCs, Manufacturers etc. to offer the best & exclusive inventory of used trucks and commercial vehicle for customer disposal.

·        

      We deal with everyone

Trucks and trailers available at SAMIL are disposed of to dealers, brokers, individuals as well as to big companies. Anyone can purchase transport trucks through our bidding events, and anyone can dispose them off easily. Some of our customers are owner-operators that exchange just one or two trucks at a time; other customers own large fleets, and sometimes deal in dozens of trucks at a time.

Purchasing a used commercial vehicle is easy with SAMIL. You can choose from our physical bidding or online bidding platforms at your ease. Parking Facilities, Valuation Services, and other financial services are what differentiate SAMIL from its competitors.

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SHRIRAM AUTOMALL TO INAUGURATE ITS 62ND AUTOMALL IN INDORE

Shriram Automall India Limited (SAMIL) India’s leading service provider for exchange of used vehicles & equipment will be inaugurating its 62^nd Automall in Indore, Madhya Pradesh on 28^th October 2016. The Automall will be SAMIL’s 11^th facility in the west zone and will aim to satisfy the demand of pre-owned vehicles and equipment through an organized medium.

The Automall is located at the most prime locations of Agra Bombay road and spread over a sprawling 5.9 acres of land. People from all across Indore and nearby locations like Pithampur, Mhow & Dewas can come to the Automall and participate in our bidding events.

Indore is a state that receives major demand of pre-owned vehicles and equipment and Shriram Automall through its constant efforts aims to satisfy the ever growing demand by inaugurating more Automalls in the state.

Passenger vehicles and light commercial vehicles form the majority of demand and SAMIL through its agreements with leading banks and NBFCs will offer the most extensive line up of all segments including commercial vehicles, construction equipment, agricultural equipment, passenger vehicle, two wheeler and three wheelers.

You are invited to be a part of the grand inauguration ceremony on 28^th October 2016, 10:00 am onwards. Take part in our most exciting bidding event and buy the used vehicle you desire in the most transparent and organized manner.

As a part of our expansion plan to inaugurate 75 well structured Automalls by 2020, with the launch of Indore Automall, which is the 62^nd facility of the company we aim to reach the number before the target set. With favorable demand of used vehicles and equipment across the country along with a positive outlook for the coming years we are hopeful of achieving this new target easily. Our organized & transparent process has been accepted very well by the customers and we are all set to strengthen their trust through this Automall. 

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Indian Automobile Industry expected to grow fourfold, thanks to the Automobile scrapping policy

As the country is waking up for an environmental concern of air pollution, the government proposed a car scrapping policy under which any vehicle of 10 years and above can be scrapped with some benefits offered to buy a new car. Mr. Nitin Gadkari, Minister for Road Transport and Highways believes that the new incentive policy has a potential that could even quadruple the turnover of the automobile industry.

”We will put the vehicle scrapping policy on a website within a week to seek suggestions and based on that we will seek Finance Ministry's approval. Once approved, it will be sent for the Cabinet nod,” Gadkari told PTI in an interview.

The incentive scheme will feature an excise rebate of 50% on new vehicle purchase, additionally respecting the demand from the government the automobile industry will also be offering additional benefits over and above the government incentives like discount on purchase of new vehicle if a person provides the certificate of scrapping to the dealer.

The government is also considering a financial incentive of up to Rs 1.5 lakh on surrender of vehicles that are over 10 years old to check pollution and address safety concerns.

Small vehicles will be offered an incentive of up to Rs 30,000 for those surrendering small vehicles while trucks could be in for total benefits worth Rs 1.5 lakh.

This new move is intended to enable the entry of cleaner vehicles on the roads that emits less pollution when compared to the old ones. Also the move when implemented will also increase the demand for new vehicles all around the country as large number of people will opt to change their old car amid the incentives they will be getting.

While the policy will take some time to get fully implemented meanwhile sell your used vehicles at Shriram Automall anywhere in India. The company follows an easy process to buy or sell used vehicles in India through their transparent bidding platforms.

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The pre-owned car market will grow 2.5 to 3 times the new car market in a few years

Auto companies have been raising vehicle prices, citing rising input costs. Why auto companies say that input costs have gone up when prices of most commodities seem to be coming down?

OEMs have been absorbing increasing input costs in the past years which have been eating into their profit margins. The consumption of steel, aluminium, rubber, glass and plastic is high in the automotive industry. Raw material costs are less volatile as they are acquired under long-term agreements. Over a period of years, the number of components in the vehicles has also increased, which has resulted in higher consumption of raw materials. Strict government norms on safety, emissions and constantly changing technology have a significant impact on the supply chain cost. Stagnant sales, halt of excise sops and increasing inputs cost has made OEMs transfer a percentage of this cost to the end-consumer.

Now the excise sops have gone. How will it affect car sales?

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