GST IMPACT ON USED VEHICLE AND EQUIPMENT INDUSTRY

Hailed as one of the most significant economic reforms since India's independence, the Goods and Services Tax (GST) is a potential game-changer for the economy. While the legislation is yet to sail through the choppy waters of centre-state relations, its wide-ranging implications for a host of sectors are already under the scrutiny of the media and the commentariat. Given the pivotal space the automobile sector occupies in the Indian industry universe, it's natural that the GST's impact on it will have reverberations across the economy as a whole. Seeing the media reports surfacing in the recent past, one can easily judge the GST to be one of the most phenomenal changes sharply impacting the Indian economy.

GST is another type of indirect tax such as VAT and others but one that endeavors to bring the much needed tax uniformity in a developing nation like India. When the GST bill becomes active, reportedly in April, 2017, it is going to put together all the direct as well as indirect taxes levied currently into one flat consolidated tax to be applied evenly across the nation. Its impact on India's automobile industry will certainly be evident for it will entirely change the industry's price scenario.

As per media reports, the implication of GST is to result in a considerable 10% reduction in the prices of small car segment while a mere 2% for that of the SUVs and other luxury cars. This is supposedly to be the outcome of a flat tax rate application of 18-20% for the cars under 4-meter and that of 40% for the ones over 4-meter. This is opposed to the current differential figures of 12.5% excise duty for small cars, 24% for mid cars, 27% for luxury cars and 30% for the SUVs. 

While GST brings home great news for the small car segment and the new car buyers alike resulting from a significant drop in prices, the used car market is bound to suffer the impact of this plausible rise in the sales of new car market. Buyers will then be supposedly more inclined in the purchase of new cars, thus, flooding the used car market with relatively much less demand for them. This surplus supply of used car is to put dealers in a difficult situation of offering much lower prices for the used cars, resulting in losses overall. Consequentially, the resale value of cars is expected to go down by a good 10-15% owing to a highly competitive environment due to the high sale of new cars and increased pushing in of the used cars in the market.

Thus, while the post-GST era will see a flourishing time for the purchase of both new and used cars, it isn't going to benefit the sellers of used cars in any way.

This imbalance in the car prices that will be created post the implementation of the GST will have a vital impact on the automotive industry as well as the equipment industry as a whole. Where the new car segment will abruptly witness higher demand which can in turn will positively effect the auto equipment market but can also drastically put immense pressure on the equipment dealers which may even result in diminished quality. Also, the same debate of an adverse impact on roads and traffic as at the time of launch of Tata's Nano still holds true with a great number of two-wheeler segment expectedly shifting course to small cars.

As for the automotive and all the other major sectors of the economy, any drastic change brings in its own share of benefits as well as challenges for one and all from time to time. No set of predictions and preparations can put away the necessary rigid and pivotal consequences it can create in the long run. And yet there are major concerns to the final activation of the GST bill and more on its appropriate and uniform implementation in the entire economy alike. While the GST may have certain poignant aspects, eventually it all boils down to the manner in which it is applied and accepted in the market by both dealers and buyers in their capacity for it to become more of success, good news for the market.
For Your Requirement 

If  you are looking to purchase or dispose any kind of used vehicles in India, simply submit your requirement and get a call back from Shriram Automall to assist you further.

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WHAT TO LOOK OUT FOR WHILE BUYING A PRE-OWNED CAR

Automobile industry in India is consistently enhancing its dimensions with a boom in the pre-owned cars segment. The last few months have showcased a tremendous growth in the sale of Pre-owned cars in India. While people shifted their preference from new cars towards used cars, India began to ride on luxury at an affordable price. If we take a look at the trade of used cars in India, the sector is built on a quite risky platform with an incorporation of unorganized players to a great extent. In order to strike best deals while purchasing a pre-owned car in India, follow the points given below.

• While purchasing a used car, make sure you pick the latest option out of the lot. There are various people who dispose their car immediately after few months or an year of purchase. In fact, many sell their car even before its warranty period expires.
  
• Do not hesitate and get lazy in carrying out an extensive research on your choice. Do look for any sort of complaint filed against the pre-owned car that you choose. This research can be carried out online as well.
  
• Once you are sorted with the research, do not forget to do the physical inspection of the used car. Do check out its condition both internal & external and under the hood along with its chassis in order to avoid expenses in future.
  
• Service records of a used car also play an important role in arriving at a wise decision. Always look out for a well-maintained service record which actually acts as proof for its better condition.    

If you are hunting for a pre-owned car in India, you can visit your nearest Shriram Automall, the company offers wide range os used cars at amazing prices with finance assistance. Shriram Automall India Limited (SAMIL) facilitates the trade of pre-owned vehicles and equipment through its transparent and well-organized bidding platforms.

“Pre-owned cars segment in India has witnessed a massive growth in the recent past. In quest of setting some incredible benchmarks in this arena, we at SAMIL addressed the growth through our transparent bidding platforms which further lead to building a strong association with the customers.” – Mr. Sameer Malhotra, CEO of SAMIL 

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Bidding – Best Way To Acquire A Pre-Owned Passenger Vehicle

Not everyone can afford a brand new passenger vehicle like car & SUV of his choice! Although, the market is flooded with various options in terms of brands but owning one of them requires quite a huge pocket. With the introduction of bidding as a platform for the trade of pre-owned passenger vehicles, now, acquiring a pre-owned car of your choice is not a big deal. Since, cars enjoy a fan following majorly from the youth of society, online bidding will serve a great purpose in this case as the youth spends long hours online. Before you participate in the bidding of pre-owned passenger vehicles, it is mandatory to consider certain points prior to making a final decision. Let’s take a look at them one by one.  

• Reason of purchase

Once you evaluate the reason for purchasing a pre-passenger vehicle, it actually helps in deciding the right brand and model. The main reason of why people prefer a used car is the need for a good brand at low price. If that is your reason as well, then do check out a wide range of second hand cars online.

• Car selection

This is the most crucial task of your purchase. Making the right decision involves a lot of criteria to be kept in mind. Make sure that your selection is based on your requirement and preference.

• Do comparison

When you actually participate in the bidding of pre-owned passenger vehicles, you generally come across a plethora of options. While exploring them, it is mandatory to do a comparison between them. It will help you in purchasing the most appropriate used car.   

To purchase a pre-owned passenger vehicle online, you can visit http://bids.samil.in/ and participate in Shriram Automall India Limited’s (SAMIL) bidding events. With transparency at every level of operation, the Company serves various platforms to carry out the trade of pre-owned vehicles and equipment.

“At SAMIL, business and profits are not the only motive for survival. Through a consistent participation in the growth of other businesses that associate with us, we make an effort towards transforming the entire transportation system of India.” – Mr. Sameer Malhotra, CEO of SAMIL 

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On the bedrock of additional infrastructure cess, SIAM cuts passenger vehicle growth forecast

Society of Indian Automobile Manufacturers the most elite body of the Indian vehicle industry has cut down the growth rate in its forecast for both current & FY 2016-17. The society has earlier forecasted that the passenger vehicle has will grow at 8% this year & 12% in FY 2016-17. However as per its recent update it cut down the growth in this fiscal to 6-8% & FY 2016-17 to 11%.

"Although we had forecast initially in the beginning of this fiscal that we expect growth of PVs to be 6-8 per cent, we have increased it to around 10 per cent when sales picked up during the year. Now due to the infrastructure cess we are revising it back to 6-8 per cent," Siam Deputy Director General Sugato Sen told PTI.

Explaining the rationale, he said, "Usually March is a good month for the auto industry from a sales point of view but this year it may not be after post Budget announcements. This March is going to be a difficult one.”

Source: http://imgd5.aeplcdn.com/ 

It’s been two consecutive months where we saw the decline in passenger car sales, latest it fell 4.2 percent in February, lowering the overall growth outlook for the year to end-March.

As an aftermath of the announcement most of the automobile manufacturers have already started revising the prices of all their models.

This announcement is expected to give a push to the used cars segment as more people are likely to get inclined towards a used car. This will help buy the choice of their car by paying fewer price.

If you are looking ahead to buy a used car than paying a visit to Shriram Automall will certainly be helpful as the company offers the widest range of used cars, SUVs & taxis etc. at competitive price.

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Hot Selling Second Hand Hyundai Cars in India

Begin the New Year by buying a ‘New Used Car’ from Shriram Automall. The company offers a wide array of used cars of different make & models under a single roof. The company offers a wide range of Used Hyundai cars for disposal. Hyundai – India’s second largest manufacturer have a list of cars that tops the chart every now & then, recognized for the quality both in terms of built & customer service the company has won the heart of many.

Hyundai i10

Hyundai i10 is the company’s most loved car after the Santro & the Xing, the car has been constantly coming up in the list of top 10 best selling cars of the country. Hyundai i10 comes in following 5 versions with 1 engine and 1 transmission and 2 fuel options. Click on a i10 version name to know on-road price in your city, specifications and features. (Image Source: upload.wikimedia.org)

Hyundai Eon

Specially developed for Indian marked this particular model was ranked below the i10. The Eon since its launch has given tight competition to Maruti’s all time successful ‘Alto’. The car is arguably one of the best looking entry-level model in India. Hyundai Eon comes in following 9 versions with 2 engine and 1 transmission and 2 fuel options. (Image Source: carspec.co.in)


Hyundai Xcent

The car is basically a compact sedan version of the i10 Grand & has received good buzz all thanks to its ravishing design with a feature rich cabin. The car comes as a breath of fresh air to the ‘Accent’ fans as it is offered in 13 versions with 2 engine and 2 transmission and 2 fuel options. (Image Source: carblogindia.com)


Hyundai Elite i20

The Hyundai Elite i20 since its launch has been in news for all the right reason & has taken the industry by storm. The car has managed to clock good number of sales for the company & has a waiting period of over 2 months. Hyundai Elite i20 comes in following 14 versions with 2 engine and 1 transmission and 2 fuel options. (Image Source: www.hyundai.com)
 

Hope this blog will help you to find one of the best second hand Hyundai cars in India for your family this New Year.

If you want a call back from us, simply submit your requirement here and someone from our support team will reach you at the earliest.

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Shriram Automall - Your Complete Solution Provider For Pre-Owned Vehicles

Have a deep insight of why should SAMIL be your complete solution provider for pre-owned vehicles, gold & property needs. We offer customers the best of our services at every step.

Shriram Automall is a unique platform to dispose and purchase second hand cars, used trucks, bikes  and used construction equipment.

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5 Best Used Cars in Delhi To Purchase Between 2-3 Lakhs

The used cars market in India is booming at a rapid speed. The statement can be proved by the fact that certified used car dealers over the last couple of years have increased their presence to double. Key players in the market like Shriram Automall; India’s largest & most trusted service provider for acquiring & disposal of second hand cars have set-up over 50 well structured Automalls pan India. 

Many other have also started to take the most out of this boom by opening city offices for this purpose.

Today we bring you the best cars you can get within the price range of 2-3 Lakhs.

5 – Maruti Alto K10

It’s a big bad elder cousin of Alto. This one features a bigger & better engine. Its design definitely looks bold which will attract a lot of people. Thanks to the 1.0 liter K-Series engine this one is more fun to drive around and the Maruti Suzuki tag ensures much required peace of mind. In our survey we were able to find decent options which were drove about 15000-25000 Kms within the price bracket of 2.5 Lakhs – 2.7 Lakhs easily. To our surprise most of them were in really good shape as well.

·         Average Price: INR 2.5-2.7 Lakhs

·         Average Age: 3-4 years

·         Average Kilometers Covered: 20,000-30,000 kms

4 – Honda Civic

The Honda Civic became everyone favorite since its launch. Everyone was mesmerized by its bold & muscular design. Over a period of time it started to lose its fame due to the stiff competition posed by competitors who offered similar features & design with more mileage. Due to the same reason its resale value fell to a huge extent & that’s the reason we are able to find this strong & efficient car within the price bracket.

·         Average Price: INR 2.7-3.0 Lakhs

·         Average Age: 8 years

·         Average Kilometers Covered: 50,000-70,000 kms

3 – Volkswagen Polo

The Volkswagen Polo enjoyed the trust of the people ever since its launch. The company definitely enjoyed good number of sales with this one. After its update in 2014, the value of the original version started to fall, but still the older version is rocking the market & benefit from good demand when compared to supply of old Polo.

·         Average Price: INR 2.7-3.0 Lakhs

·         Average Age: 5 years

·         Average Kilometers Covered: 50,000-70,000 kms

2 – Hyundai i10 Magna

Hyundai i10 has been the company's one of the best selling hatchbacks in India ever since its launch in 2007. In terms of interior and city driving capabilities, the car is truly great. The i10 is offered in 1.1-litre petrol and LPG fuel versions, mated to a five-speed manual transmission gearbox. It has a four-speed automatic transmission as well on offer.

·         Average Price: INR 2.8-3.0 Lakhs

·         Average Age: 4-5 years

·         Average Kilometers Covered: 40,000-50,000 kms

1 - Chevrolet Beat

This one surely is one of the most capable hatchbacks in recent times. Its performance in the market os fine but when we compare it with the competitors we find it struggling a bit. This is the only reason its resale value has fallen for both diesel & petrol version. It is also the only hatchback on this list to come with both petrol and diesel options which makes it a very good buy.

·         Average Price: INR 2.5-3.o Lakhs

·         Average Age: 3-4 years

·         Average Kilometers Covered: 30,000-50,000 kms

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Rains on The Way To Spoil Your Bike Ride, SAMIL Offers The Best Used Cars in Delhi

Rainy season is on its way now & while most of us will definitely enjoy it but the bike riders now will have to find a place to hide when it starts to rain. Delhi has already shown its true monsoon face last week. To be safe & reach our offices on time the existing bike riders & metro commuters will love to transform themselves into a car owner. Today we bring you the simplest way to exchange your used bikes with a pre-owned car in Delhi.

The age old trusted phenomenon of bidding has been given a new shape by Shriram Automall India Limited (SAMIL) to acquire or dispose of used vehicles or equipments. A country wide presence with global knowledge & strategy SAMIL has come to your door step in Delhi. With three well structured Automalls located in Delhi NCR you now have the access & complete transformation power.

Just walk in to any of your nearest Automall to have a look at the widest range of second hand cars in Delhi. You will be delighted to find almost every brand’s cars available for disposal at competitive price. Your bidder book supplied after registration will help you to inspect the line up physically & have a deeper insight about the used car.

Being active is the key to emerge as a highest bidder once your selected vehicle is being ramped. You can submit the remaining payment in a week time or can opt for the easy finance option provided by Shriram Transport Finance Company. SAMIL in association with STFC is marching strong to help our customer own their dream vehicle overcoming the financial crunches.

Shriram Automall is India’s most trusted platform for safe disposal of all used vehicle & equipments. We follow the most transparent process & help our customer in realizing the best market price for their pre-owned vehicle & equipment.

So, no more wait to own used cars in delhi, get register with Shriram Automall and bid on your choice of pre-owned cars and crack that smart deal.

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3 Tips of Bidding on Used Cars

If you are planning to buy a used car from an auction then you need to be a little careful in order to make a correct decision. There are chances that you may end in an inappropriate deal for which you may regret in future. Because, bidding is quite a tricky task! You have to be extra cautious while placing your bids. So, here are a few tips of bidding on a second hand car.

• Research well in advance
At times, the options that you have in front of you currently in used cars may sound very exciting but there are also very chances of getting exposed to only a limited options. In such a scenario, you can never get the assurance of making the right choice. Hence, it is always advisable to do your research in advance so that you get a good amount of options in used cars.  

• Bid wisely
The excitement of a bidding hall can give you a strong kick to raise your bid amount for a particular used car. But that won’t be a wise step. You will have to set a standard for your bids and they must end after your decided amount. Otherwise, it may become a burden on your pocket.

• Bid  strategically 
Always bid as per the environment set in the bidding hall. Never start unless and until you are the only one to bid. Identify the price trend that other bidders are setting with their bids. Then, bid on that used car.

There is an amazing one stop destination in India from where you can own a pre-owned car through its regular bidding events, both physical and online. Its Shriram Automall India Limited (SAMIL).

“At SAMIL, we walk relentlessly towards customer satisfaction while evolving consistently as per their needs. Pre-owned car is a new yet a profitable segment under which we facilitate both acquiring and disposing services.” – Mr. Sameer Malhotra, CEO, SAMIL

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Exploring the selling avenues for Used Vehicles

Want to dispose your used vehicle but do not want to go out in this always rising temperature which is on the move to break the thermometer? Than Shriram Automall is here to help you…!!!

Shriram Automall India Limited (SAMIL) is the leaders who facilitate its customers to acquire or dispose any pre owned vehicles quick & safe. Just login to www.samil.in & chose the service that best suits you.

Online Bidding:
Online bidding is a dedicated platform that offers safe disposal of pre-owned vehicles online. User just needs to login at bids.samil.in, contact SAMIL & share the details of their vehicle. These details will be later uploaded on its website where it can receive a bid. The highest bidding amount will be notified to owner to take an approval.

Physical Bidding:
Physical bidding is a platform unique with SAMIL where it conducts more than 200 bidding events per month at 50 well structured locations across the country. Customer can get in touch with SAMIL to get his used vehicle ramped at the nearest Automall. Similar to online bidding the highest bidding here as well will be notified to the owner to take an approval.

One Stop Kiosk:
This is a pioneering technology owned individually by SAMIL where users can simple get his vehicle registered for bidding by submitting vehicle details like make, model, Kilometer running etc. along with some images. One Stop Classified KIOSK showcases information of more than 2, 00,000 used vehicles & equipment to bid on.

Private Treaty:
Private treaty is a service under which SAMIL conducts negotiated deals. SAMIL here acts as a mediator who bridges the gap between people who wants to acquire or dispose their pre-owned vehicles. Similar to all its services a customer has to contact SAMIL & get his vehicle details uploaded on the website. Once a bid is received & approved bidder just need to fill a proxy bid form to obtain the vehicle.

Shriram Automall India Limited (SAMIL) is a trust mark for more than 4, 50,000 bidders for exchange of their used vehicles and equipment. Together with our offerings, we have transformed several Drivers to Owners and made a substantial contribution in uplifting farmers and transporters in their businesses. We also cater to the second hand cars, SUVs, three wheelers and two wheelers segments today, making us the largest & most transparent bidding platform.

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Towards a Simpler Life on Used Car!

There was a time in my life when every place was just so far. Even that nearby market with the best collection for my shopping always appeared distant on foot. It was quite a hectic schedule until I bought my first second-hand car. I had just started working in a Company which was two hours away on a public transport.  That long exhausting journey actually pushed me towards buying a pre-owned car because money was a little constraint during those days.

Second hand cars

I had just started with a new job and my search for used cars was restricted only to the internet. Thousands of websites with thousands of options! I was quite amazed to see the variety while just sitting at home. During my search, I landed onto the page of Shriram Automall’s website – bids.samil.in. They had this amazing concept of online used cars bidding. The variety was great and quite aptly suited my choice as well. So, I decided to participate in one of their online bidding events.

The online used car bidding experience was just so thrilling. I had chosen my car and the moment bidding started on it, I simply stuck myself on a chair and played the bid game. I had to win it; so I ensured my bid to be the highest. And yes, it made me the winner of my chosen used car. It has been a year that I am the owner of that second hand car. Those long distances have now become shorter and I lead a simpler life with my used car.       

“At SAMIL, we give utmost importance to our online presence through bids.samil.in for the used cars segment. Those huge physical marketplaces are gradually shifting to the world of internet and we are eyeing at a leading position within the space.” – Mr. Sameer Malhotra, CEO, SAMIL  

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