GST, Loan Waiver, and Good Monsoon Led To Fast Auto Sales in Low-Income States

Low per capita income states such as Bihar, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh and West Bengal, have witnessed automobile volume growth in the current fiscal, credit of which goes to the equalizing effect of GST, rising female literacy and people having more money to spend in rural areas.

The per-capita income of the six states ranges from $990 to $1,600 compared with India’s average of $1,800 thereby they account for a third of the country’s GDP. In various categories in the first half of the current fiscal, these six states outperformed industry growth by 7-15%. The states account for nearly 23-45% of total sales volume depending upon the vehicle category.  

Monsoon along with GST helped the demand for automotives boost, as having a good monsoon season in rural areas create a positive effect in consumer sentiment towards the ownership of vehicles. Also, prior to GST, producing states had a tax advantage of 3-5 percentage points.  

After remaining flat year-on-year in the six months to September 2016, real rural wages grew 3.3% in the second half of the last fiscal. It improved by 4.6% in April-September 2017, the fastest pace in four years. The number of schemes covered under DBT has increased from 59 in FY16 to 140 in FY17. It has further gone up to 393 in FY18 so far. Further in addition to this, government targets to cover all 534 schemes under DBT by March 2018.

In some areas especially West Bengal, rising female literacy is said to be a driving force as more girls and women take to scooters for mobility resulting in the growth of automotive demand in the area.

With increase in new automotive sales in the area, used vehicles and equipment also witnessed the boost. Shriram Automall India Limited (SAMIL) being the No.1 used vehicle andequipment provider, while anticipating the consumer demand in and nearby these areas, provided them with the best in class used vehicles and equipment of every make and model.

So, what are you waiting for? If you want to acquire your desired car, bike, scooty, truck etc. at optimal prices, go for SAMIL used range, as while acquiring used, you don’t have to worry about its value being depreciated or it being hard on your pocket.

Hurry and click the link below to register or download MySAMIL Mobile App to learn more about us.

Link: https://goo.gl/tk9WYw

Download MySAMIL Mobile App: https://goo.gl/BMpnCf

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Construction Equipment Industry Expecting to Reach 30% Growth in FY18

Infrastructure growth holds the key to the industry realizing its potential in India. In the 12^th Five Year Plan, the government has earmarked approximately $1 trillion for infrastructure investment, with 40% of the funds to come from the private sector. In order to attract such investment, the Indian government has eased Foreign Direct Investment (FDI) norms for quite a few sectors of infrastructure development.

This is likely to spur the demand for the earthmoving and construction equipment, and if the industry's full potential is realized, the result could be a $16 billion to $21 billion industry by 2020.

Shriram Automall India Limited (SAMIL) the largest player in the used vehicle & equipment market understands that Indian Construction equipment segment is the most volatile segment of the industry.

As the segment faces ups & downs on regular basis. In 2007, for the first time it faced demand exceeding 50,000 units in India. Since, then due to modifications in the infrastructure, construction and mining sector in India, construction equipment segment has become one of the fastest growing segments of automobile industry in India.

In terms of the number of units sold, the Indian construction equipment market is dominated by six machine types. Of these, backhoe loaders, crawler excavators, mobile cranes and wheeled loaders face quite more demand.

At SAMIL, professional team for this particular segment while anticipating the customer demand and requirements make sure to provide best in class used construction equipment of every make and model at optimal prices through most reliably transparent platforms i.e. Physical Bidding, Online Bidding, Desktop Bidding and MySAMIL Mobile App.

In FY 2016-17, total of 68,000+ equipments were sold. Similar growth was witnessed in beginning of FY2017-18. Thereby the growth has been witnessed despite GST on construction equipment remaining at highest bracket of 28%.

Sameer Malhotra (CEO, Shriram Automall) added “2017, has been a great year for both new and used construction equipment industry. As the construction equipment sector grew 25-30% in August and September this year and thereby I am expecting similar performance for the rest of FY18. There have been some challenges but August and September numbers show that GST has been positive for the industry)

If you are looking forward to acquire a used construction equipment of your choice, visit your nearby Automall today or simply click the link below to register yourself or Download MySAMIL App.

Link: https://goo.gl/tk9WYw 

Download MySAMIL App: https://goo.gl/BMpnCf

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Technological Advancements at its Best - SAMIL

India is aggressively working towards establishing itself as a leader in industrialization and technological development. Shriram Automall India Limited (SAMIL) being the leading platform for used vehicle & equipment transaction in the country provides the customer friendly technologies that are not just advance but also convenient.

All the services and platforms that SAMIL offers have worked as an innovative revolution for the used vehicle and equipment industry, and so do its innovative services and platforms.

Besides the company’s majorly preferable Physical Bidding Platform, Company also offers Private Treaty and Online Bidding Platforms with all new features to help customers participate in physical bidding events from anywhere and everywhere.

Significant online transaction platforms incepted by the company has witnessed huge recognition and results. So let’s go through them to know them little bet

ter.

Desktop Bidding:

With all new features to help customers participate in physical bidding events from anywhere and everywhere through their desktop. Company facilitated this bidding platform. It is the most convenient platform to view, bid, own or dispose pre-owned vehicles & equipment. It provides access to over 8,000 used vehicles & 500+ online bidding events per month resulting in Best Price Realization through Multiple Bids and End to End Support to Buyers.

To participate: www.samil.in/bids

  MySAMIL Mobile App:

Mobile is the future and there is no such thing as communication & comfort overload. Thereby company while coping with the new advance technological world launched an application called “MY SAMIL APP” with an easily accessible user friendly interface, which will help customer s to pace up with the growing advance technologies of this era.

   Ø    Mobile App can be used for:

ü  Customer Registration

ü  KYC Upload

ü  Physical bidding (Live Bidding Events)

ü  Nearest Automall location (Contact us)

ü  Pay RSD (Refundable Security Deposit)

ü  About us

OneStop:

Giving customers a vast range of easily accessible services to choose from, Company’s one stop classified KIOSKS work as the directory for the interested buyers. Theses KIOSKS aim to provide detailed Real-Time Information on 10,000+ Used Vehicles & Equipment at a time.

SMS Bidding:

All the facilities initiated by the company aims to bring the power to participate, among the customers from anywhere and everywhere. So does the SMS Bidding facility.  As company understands for everyone placing the bid online is not as convenient as it seems. Thereby they can participate in the live bidding event by placing bid on their desired used vehilce through SMS.

“Ability tells what you are capable of doing, motivation determines what to do, and attitude determines how well you do it. While keeping our customers center of attention, through all these technological bidding platforms we simply focuses on delivering our best through the best.”

                                                             -Sameer Malhotra (CEO, Shriram Automall)

So, if you are looking forward to acquire or dispose used vehicle or equipment but have no time to visit your nearby Automall, register yourself simply by clicking the link below or by download our very own MySAMIL Mobile App. You can also choose any of the platforms given above according to your convenience. As our esteem professional team for every segment is there to help you with all your used automotive requirements.

Link: https://goo.gl/tk9WYw 

Download MySAMIL App: https://goo.gl/BMpnCf

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PRE-OWNED EQUIPMENT OFFERINGS AT SHRIRAM AUTOMALL

Shriram Automall, India’s leading service provider for the exchange of used vehicles & construction equipment. With the rise in demand of new equipment all over the country the equipment business with Shriram Automall is witnessing a year on year increase in this business segment with excavators, loaders & backhoe being the largest in demand under the segment.

Economic slowdown since last couple of years have made most of construction business owners now prefer to search for used construction equipment instead of going for a new one that have a major difference in price. Shriram Automall has always believed in building trust and maintaining complete transparency in their bidding process, hence the result is that now the company is India’s Most Trusted Service provider for transactions of Pre-Owned vehicles & Equipment.

Construction equipment do not only makes it easier to complete the project but also ensures the efficient use of labor, time and money.  Shriram Automall caters to the every need with a wide variety, including hydraulic excavators, wheel loaders, loader backhoes, cranes, motor graders, crawler tractors, piling rigs, forklifts, Off-highway trucks and other mining machineries. Moreover SAMIL has now started its voyage towards capturing the interests of international buyers for the construction equipment segment.

As the only company working towards organizing the highly unorganized market dedicated towards exchange of used vehicles & equipment for over 6 years. It brought forward innovative approach in form of its unique bidding platforms especially Physicaland Online Bidding along with Private Treaty and OneStop Kiosk for the acquisition and disposal of pre-owned vehicles and construction equipment. Its unique bidding platforms has helped all; an OEM or an individual, SAMIL’s professional services has touched the lives of many.

Transparent, Efficient, Safe & Reliable; that’s how our customers regard our bidding process as. Shriram Automall has improved the purchase capacity of people in the zone by providing them with wide range of used vehicles and construction equipment at fair price through our unique physical bidding platform & easy finance options. 

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Riding A Three Wheeler!

According to a report by ICRA, India is positioned as the largest manufacturer as well as market for three wheelers, globally. Over the past decade during FY 2006-15, the Indian three wheeler industry grew at compounded annual growth rate (CAGR) of 8.9 per cent in unit sales driven by steadily rising exports as well as domestic demand.

Despite the fact that the usage of CNG is only mandatory in Delhi, the acceptance for CNG-based three wheelers has caught up in other cities as well.

With the rapid expansion of taxis from Ola and Uber in most cities, one might expect sales of three-wheelers (auto rickshaw) to go down. Well, that's not the case. Three-wheelers, most of which are passenger carriers, have grown by a sharp 13.4 per cent in the first six months of FY17, higher than the 12.34 per cent growth seen in passengervehicles.

Factors like compulsory use of CNG and its declining prices are aiding the demand for three-wheelers.  Another reason is three-wheelers provide last-mile connectivity at affordable rates and therefore there is a potential for sales to grow. 

Ratio of new three-wheeler sold; to that of the old ones is 1:1. This means that people are equally interested in going for a properly maintained pre owned three-wheeler as compared to investing in a new one.

With the increasing demand for three-wheelers and in spite of having many players in the market who are dealing in the same segment Shriram Automall India Limited (SAMIL) has become the no.1 solution provider for both public and private enterprises.

Shriram Automall has become the largest player and first choice of the market through their huge inventory of pre-owned three wheelers in good quality and at reasonable rates.

SAMIL makes the complete process so easy and accessible for their customers through their physical & onlinebidding concept.

So, if you too are looking forward to buy a pre-owned three wheeler, Shriram Automall is right choice which provides you best of their services while making your experience both easy and comfortable.

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A WORLD CLASS CUSTOMER EXPERIENCE ONLY AT SHRIRAM AUTOMALL

                                                          

Shriram Automall India Limited (SAMIL) which is India’s Largest Platform for exchange of pre-owned vehicles and equipment is also the name synonym for world class customer experience. Customers who are already a part of SAMIL on one hand are taking benefit of company’s unique & transparent bidding platform and on the other hand are experience the best customer services across the country.

As and when a new customer visit his/her nearest Automall to acquire his desired pre-owned vehicle, he is greeted with a customer service executive who not only explains them about the process but also guides them on how to emerge as the highest bidder and win the vehicle they are looking for.

As SAMIL offers the most extensive line up of used commercial vehicle, construction equipment, cars, tractors, two & three wheelers, the Automall witness diverse crowd with diverse requirements who are required to be handled in a different manner altogether.

“At Shriram Automall we do not believe in cold sales but in starting a relation that will nurture throughout so that a customer becomes a part of our extended family and his word of mouth promotion helps us to acquire more & more customers in an effective manner.” Sameer Malhotra, CEO Shriram Automall

Also to help the children of our customers to continue their education in a hassle free manner, SAMIL offers scholarship to students who are studying in between 8-12^th Class.

                                                                

   

 “We always look forward to take part in Shriram Automall’s bidding events as they offers the best range of pre-owned cars at optimal price, also the facility of finance through Shriram Transport Finance Company helps us to get the solution for our pre-owned vehicle requirement under one roof.” Gunjan Sethi – Customer

Meanwhile if you are looking to buy a pre-owned vehicle or equipment, head straight to Shriram Automall and let us help you acquire the vehicle of your dream.

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Shriram Automall – One Stop Service Provider!

For most people, car buying is a nightmare. To tell you the truth, I’m one of them. I want the best deal for the vehicle I’m buying. But I am very bad when it comes to the patience of going through multiple brands and showrooms to find the best one for me.

As you know, dealerships, particularly of usedcars, have carried the stigma of being the playgrounds of hungry salespeople that just push customers for forced sales. 

Car buying is not a very happy experience for many as the studies shows that 75% of car buyers worldwide would rather skip the dealership and execute the entire process online. That includes the financing, the price negotiation and documentation. 

The same study found that 80% of prospective buyers are thoroughly gathering all the required information online ahead of a purchase. So in other words, the internet has armed buyers with more information than ever before, but many people still hate negotiating with dealers. 

And over the last decade, multiple tech companies have made it very convenient for buyers to look around and find a vehicle of their choice.Tech Savvy firms have utilized big data analytics along with car shopping experience to give customers a hassle-free buying experience. The customer is basically looking for one stop shop where he can view, bid, negotiate and get his vehicle financed.

Shriram Automall India Limited has become successful in the last 6 years to give this comfort to the customers to give extraordinary experience when it comes to buying a pre-owned vehicle. From physical bidding format to bidding from a comfort of a user-friendly application, the customer doesn’t need to go anywhere else for his pre-owned vehicle requirement. 

With a pan India presence across 65+ locations now, one is bound to find the vehicle of his choice by partnering with Shriram Automall.

 So, if you are looking forward to buy or sell pre-owned vehicle, Shriram Automall is right choice which provides you best of their services while making your experience both easy and comfortable. Also, take a step forward and download the app now from Google Play Store & Apple iTunes Store by typing ‘MySAMIL’.

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Kanpur Automall Completing 3 remarkable Years of Existence

Shriram Automall (Kanpur), this 28^thMay’2017 i.e. Sunday, is going to complete 3 years of its remarkable existence.

The facility is strategically spread across 5 Acres of land giving full access to the people in the area & nearby areas. Being the 12^th most populous city in India, area receives huge demand of preowned passengervehicles & heavy commercial vehicles in the area for easy transportation of goods.

Company as its vision to be the largest exchange platform for trading pre owned used vehicle a having tangible physical presence spanning all major cities of India, is committed to total customer satisfaction and continual improvement in performance by providing complete transparency in every transaction thereby building trust, reliability and value for its customers.

On 28thMay’2014, company took the initiative to provide an organized approach to the pre-owned vehicle & equipment market in the area, while bringing a hassle free, innovative bidding  platforms in the area.

Company being the No.1 name for Acquiring & Disposing Used Automotives & Equipment; provide the area with huge variety of required used vehicles to choose from.

Over the years Shriram Automall’s bidding events have become industry’s most talked about innovation. There is nothing more exciting than attending company’s bidding events to buy or sell desired choice of used vehicle or equipment, as company gains a leading edge over its competitors for implementing, the most extensive line up of Used Vehicles & Equipments of all make & models with dedicated team for each segment.

If you are an interested buyer or a seller of a used automotive or equipment, SHRIRAM AUTOMALL is the trusted name for optimal and convenient transactions. Visit the Kanpur Automall, on Anniversary Bidding Event, and take home desired used vehicle of your choice.

You can also participate in the Live Bidding event from the comfort of your home through “Desktop Bidding Facility” & “My SAMIL App” or simply click the link below for easy registration with just a click.

https://goo.gl/TRchZK

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TWO-WHEELER SEGMENT BACK IN GAME

image source - www.tvsmotor.com

Two wheeler segments, the largest in demand segment of automotive industry, faced quite a dip in its demand post demonetization.

Though, it has been 4 months, since demonetization happened, still two-wheeler segment was nowhere to see any rise in its demand  as compared to the last year. This shows that two wheeler segment was affected at its worst by demonetization, especially because of post demonetization affect.

Due to demonetization and its post affect, even the largest two-wheeler makers in the country, suffered a decline, Hero Motocorp suffered the decline of 4.8 % in February, while TVS also witnessed a drop of 3.6 % in the same month, compared to last year.

But, with government push towards the rural schemes, this segment is keeping an optimistic approach and hoping to see the growth in near future again. As the situation is becoming normal, according to reports, in the upcoming quarter, two-wheeler companies will notice the rise in the demands of the bikes.

As Bharatiya Janata Party member, Arun Jaitley in his budgetary speech publicized the amount for rural agricultural & allied sector development which is going to be Rs 1, 87,223crore.

The government will also reduce the tax rate of 10% to 5% for the salaried class whose salary comes under income bracket of 2.5 lakhs to Rs 5 lakhs. As an addition, government is also taking steps towards its commitment to double farm incomes by 2020.

With all these factors coming into effect, two wheeler segments is hoping to see a growth in its demand with the growth in livelihood of people in the rural area. Year on year (YoY), auto industry has witnessed decent growth in sales.

With new models coming in, this segment is going to see a robust growth soon not only in urban areas but in rural areas as well. 

And with every new model sold, used automotive industry can see the growth as well. Shriram Automall India Limited (SAMIL), The Largest Platform for Acquisition & Disposal of Pre-owned Vehicles & Equipment in India, has successfully unfurled its 67 Automalls across the country, for customer convenience. So whether urban or rural, if you are interested in buying or selling used two-wheelers visit your nearby Automall soon.

You can find used two-wheelers of every make and model in the Automall. You can also download “MY SAMIL APP” or use “Desktop Bidding Facility” to make the deal at your comfort. If you are in hurry, then simply click the link below and register yourself, our professional team will help you with rest.
https://goo.gl/TRchZK

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Shriram Automall (KARNAL) - Completing 3 years of Existence

Shriram Automall India Limited (SAMIL) is the India’s most trusted network which provides well structured & transparent bidding platform for acquiring and disposing pre-owned vehicles; farm, construction, industrial equipment have made buying and selling so easy through innovative bidding facilities.

In a bid to reach the remotest corner of the country, Shriram Automall India Limited (SAMIL), a 100% subsidiary of one of the largest asset financing NBFCs of India - Shriram Transport Finance Company (STFC), inaugurated its well-structured Automall in Karnal, 3 years back i.e. on 19^th May’2014 to give the customers an unparalleled bidding experience.

In past 6 years, since its inception, company has created a true name of trust and reliability. It’s the name which has become the No.1 choice of customers all across the country.

With large database of customers to serve, company has remarkably marked its presence in entire country through sprawling 68 Automall facilities, which offer to serve all kind of used vehicles and equipment requirements, of customers in every nook and corner of the country through product oriented culture which matches with the needs of their customers resulting in their augmentation in every nook and corner of the country.

As our endeavor to grow in every major city of the country, we have expanded quiet exceptionally. In Karnal, company inaugurated the Automall as 35^th Facility accommodating an arena of 3 acres.

The initiative was taken to provide an organized approach to the pre-owned vehicle & equipment market in the area, while bringing a hassle free, innovative bidding platforms in the area. Thereby facility is located at NH-1 that links National Capital to Punjab, near the India–Pakistan border.

Being the city located in NCR, Karnal receives major demand of pre-owned passenger & commercial vehicles due to huge number of young drivers & upcoming industries in the area. SAMIL, make sure to meet the demand and provide its customers the best quality used vehicles and equipment through its best services.

If you are an interested buyer or a seller of a used automotive or equipment, SHRIRAM AUTOMALL is the trusted name for optimal and convenient transaction. Visit the Karnal Automall, on Anniversary Bidding Event, and take home desired used asset of your choice.

You can also participate in the Live Bidding event from the comfort of your home through “Desktop BiddingFacility” & “My SAMIL App” or simply click the link below for easy registration with just a click.
 https://goo.gl/TRchZK

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Be your own used TRACTOR INSPECTOR!

Buying a used tractor can be the biggest investment of a farmer and we at, Shriram Automall India Limited (SAMIL) understands that. Mostly Farmers whose livelihood depends completely on the agriculture knows exactly what they want to boost their sales.

With everything getting advanced, Agriculture in India is also getting advanced and one step ahead of what it used to be. But, buying a new advanced vehicles & equipment can quite hamper a farmer’s budget as well as daily lifestyle.

That’s why, SAMIL has bought the vast range of used advance agricultural vehicles & equipment at optimal prices, for all kinds of farm demands. Company even gives interested buyers accessibility to come and inspect the vehicle of choice parked in inventory of huge Automalls that are unfurled in every corner of the country.

 We understand that, after making the decision of buying a used tractor or any other vehicle, it can be hard for customers to know what to look for while inspecting the vehicle even if they know well what they want from their desired vehicle.

So, here we have bought the essential points to keep in mind while inspecting the used tractor. So, that you could successfully buy the perfect used tractor according to your demand at optimal prices.

 Let’s Go! First thing Firsts While Inspecting the Used Tractor:

•   Body, tires and overall appearance

Look for the Peeling paint, dents or even weathered, cracked or bulging tires while inspecting the used tractor, as it represents how well a tractor has been maintained by the previous owner. If it looks well-maintained from the outside then it usually has been well-maintained.

But yet before making the final decision look for the tire gauge to measure the tread depth left on the tires, to get a good idea of how much life is left in the tires.

• Steering 

To check the different locks, take the steering wheel and put some force while moving it back and forth. 

• Hydraulic Power (look for leaks)

While inspecting hydraulics look for leaks as, streaks of oil across tires and hubs may mean a defective shaft seal. 

• Engine 

For inspecting the engine perfectly, start the tractor, lift the engine hood and look if there are any leaks in engine, hoses or hydraulics. Also check for coolant, fuel lines and worn hydraulic. You can check the engine's ventilation by closing the end of the pipe with a piece of paper or your palm to collect any oil that blows out.

• Oil

Take out the dip stick as it will show the timely fills, Dark black or a burnt smell suggests oil was not changed at the proper intervals. A gray tinge or tiny water bubbles on the dipstick suggest that water has mixed with the oil; you can also find that oil has gotten in the oil pan, when oil spits more than usual and rings are bad.

• Battery

Check the battery and low water level, green deposits on poles or dirt. If cables are damaged and lights are poorly adjusted, you can figure out that tractor was treated rough.

• Swivel pin and hitches

At the pivot point, check for the 4-wd swivel pin, this will tell you about if there is any wear there. Also look closely at the hitch hole, a long hole means tractors has worked long hours continuously. These hitch holes can be replaced and repaired. 

With these points in mind you are all good to go on your way to buy your desired used tractor.

If you are willing to buy a used vehicle or equipment of any make and model, you can end your search with SAMIL. As we provide the vast range of used vehicles and equipment through multiple bidding platforms.

Visit your nearby Automall today to learn and buy a usedvehicle or equipment according to your requirement. You can also click the link below to register yourself and go through our available inventory.

 https://goo.gl/TRchZK

To c      .

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SAMIL’S SOCIAL RESPONSIBILITY PARADIGM

While thinking beyond the ordinary and at the same time reminding ourselves of the responsibility we have towards succeeding generations, we are playing our part as a company towards the community and the society. As we believe that business needs to grow beyond ourselves and to the communities we serve.

Shriram Automall India Limited (SAMIL) since its inception in 2011 has made social responsibility its paradigm responsibility. As it’s said that, charity always starts from home. We make sure to provide best working environment to our employees to ensure that they are happy and satisfied with their jobs, as we are best known for the way we work with our work ethics and core values intact.

Considering, Customer preference as our reality, we always look forward to connect with our customers so, that we could understand them & their demands, expectations from us. Being the no.1 service provider for acquisition & disposal of used vehicles & equipment in India, we always try to be one step ahead to fulfill all the used vehicles demand in the country.

Not just that, we understand that this earth is not ours to inherit. Rather it’s something we have merely borrowed from our future generations to come, so while playing our part to help them build a life for themselves, that we all would be proud to look at when they grow up, we (SAMIL) in association with Shriram Foundation supports the education of students from class 8th -12th, without any disruption.

While being the part of India, as a company we know, that human as a race keep facing the political, economic, social and environmental crises now & then, so, we while playing our part in National Economy Development, also try to play the crucial role for humanity.

As said by Albert Einstein, “problems cannot be solved from the same level of consciousness that created them”, we try to go deep into the roots of the problem and fix it from within, while giving our best to the cause.

As government as well is, taking all the efficient steps indeed to improve the living, working as well as health conditions of Indian citizens, we try to follow the path they are building by joining “Swatch Bharat Abhiyan”. Not only that, by spanning our Automall facility in 67 areas across India, we not only fulfill all type of usedvehicles & equipment requirements of people but also promote “Plantation of trees”, by planting a tree on the inauguration day of the facility itself.

Company has even installed, ETTPs (Effluent Treatment Plant) for pollution Control, so, that waste water which industries generate could be treated first, before its discharge in the environment.

SAMIL as a company is taking all the essential steps, to make both its in office and outside office environment a better place to be in. You as a citizen should play your role as this good deed is not for us, but for the generations yet to come.

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SHRIRAM AUTOMALL TO INAUGURATE 68TH AUTOMALL IN HOSUR

With the vision to be the largest exchange platform for trading pre-owned assets having tangible physical presence, spanning all major cities of India while providing high quality services to its customers, SAMIL is looking forward to codify yet another facility in Hosur.

Facility is going to be company’s 68th well structured Automall in pan India, 27th in South India & 6th in Tamil Nadu Zone. Being the Leading Company, SAMIL has now become the No.1 Trust worthy service provider in high demanding used automotive & equipment market place all over India.

Facility is the Automall sprawling in With the keen thought behind New Automall is going to be in the industrial area which is near Andhra Pradesh & Karnataka State border and expands through Big Vegetable Market Hub.

Automall is both an efficient and effective facility which will provide complete access to potential customers in Chennai, Salem, Bangalore, Vellore and Krishnagiri thus fulfilling their pre-owned vehicle requirements in an organized manner.

Company aims to catch the eye as well as heart of its customers by inaugurating this facility in the area. Widespread of the company focuses on bringing both sellers and buyers at one place at one time by helping transporters, contractors, dealers, manufacturers, individual buyers etc. attain the unimaginable results through their highly recommended services.

Company is well known for its prodigious performance and astounding growth in a short span of 6 years. With pride and pleasure SAMIL keep moving forward, opening new doors and doing new things.

As CEO of the company says “Inaugurating 75 well structured Automalls by 2017, is a part of our expansion plan & inaugurating our first Automall in FY 2017-18 is our first step towards that mission . I am absolutely certain & confident that Hosur Automall inauguration is going to be a moment of great pride for us.”

Interested customers can come and visit the Hosur Automall anytime they want & go through the vast inventory stuffed with used vehicles & equipment of every make & brand. They can inspect the used vehicle & equipment to the best of their knowledge, and then make the right choice for themselves.

They can buy the vehicle either by any of bidding platforms or by private treaty. Private treaty is the service that company provides, where it very effectively bridges the gap between the buyer & the seller while providing them both the best deals at the negotiable prices. Complete transparency is delivered at every step of the deal by company professionals, while providing the best user friendly experience of all time.

If you as well are an interested buyer or a seller, you can visit any of your nearby Automall in the country, as SHRIRAM AUTOMALL is in every nook and corner of the country. You can also download “MY SAMIL APP” and go though the latest inventory or click the link below to simply register yourself.

LINK:  https://goo.gl/TRchZK

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AUTOMOTIVE MANUFACTURES ALL SET TO LAUNCH BS-IV COMPLIANT TWO-WHEELERS

Bharat Stage emission standards are the emission standards that were introduced in 2000, by the Central government to regulate the output of air pollutants from internal combustion engine equipment, including motor vehicles.

Under these norms, each stage specifies a certain limit on the pollutants released, which is controlled by the type of fuel made by the oil companies and the up gradations and modifications made by the auto firms to their vehicles to control the pollutants released from the vehicle.

In April 2010 Bharat Stage IV emission standards came into existence in India. These norms are supposed to come into effect nationwide from April 2017. After that Indian government is even thinking of upgrading BS-IV norms directly to BS-VI norms by 2020 while skipping BS-V norms, which will put a lot of extra pressure on the oil refineries that will need a substantial investment to upgrade their refineries to supply fuel types that can match the BS-V and BS-VI standards and automobile manufacturers that now need to progress gradually.

Though there are already some manufacturers in the market that are all set to go with their vehicles that are BS-IV compliant to hit the Indian Automotive market. BS-IV now being mandatory for two wheelers as well, has made manufacturers to produce two wheelers that are compliant with these norms. You can have a look at some of them below:

        

        

   

With this country wide implementation of BS-IV emission norms, government is striking for the pollution free India.

Shriram Automall India Limited (SAMIL), while following these norms and playing its part in the National Development by supporting government in every way possible has successfully unfurled vast Automalls in every nook and corner of the country. Through their vast inventories filled with used vehicles & equipments of every make & model compliant with current emission norms, company serves all kind of vehicle requirements of its customers in India.

If you as well are looking forward to acquire or dispose used vehicle & equipment, you can visit your nearby Automall and go through their efficiently vast inventory.  You can also download “MY SAMIL App” and easily go through the vast inventory at your comfort or you can simply click the link below & register yourself.

LINK : https://goo.gl/TRchZK

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SHRIRAM AUTOMALL PLAYING ITS ROLE IN MAKING INDIA 3RD BIGGEST AUTOMOTIVE MARKET

India is expected to be 3^rd biggest automotive market by 2020. Yes, that’s true Indian automotive sector is growing with a remarkable speed & because of it country will be soon facing increased demand of automotives in the market. All major OEMs are keenly going to play their determined roles to make India the 3^rd biggest automotive market globally.

For instance, MarutiSuzuki India, who nearly commands 50% of the passenger vehicle (PV) market in the country, is now moving forward to start its new operation in Gujarat as a part of its plan to raise its total production to 2 million units by 2020 which will make the market size to grow with a boom.

With new plants coming in, Indian automotive market is going to see introduction of new products to meet the growing demand, thereby increasing the production of the new Automotives in the segment.

Shriram Automall India Limited (SAMIL), who is best known for being the no.1 service provider for acquisition & disposal of used vehicles & equipment in India, is going to play its part in making India the 3^rd vast Automotive market in the world. 

 As every new vehicle sold in the market becomes the base for the used vehicle market resulting in increase in demand of used vehicles & equipment. Company is keen to provide best customerexperience with its unfurled existence throughout the country. Now it is focused to fulfill the upcoming demand of its customers for used vehicles of new models by making sure of their availability in the huge inventories established for customer convenience.

SAMIL to strengthen its hold in the Indian market is going to be one step ahead with its Automalls in every nook & corner of the country providing customers latest used models of every make affiliated with latest BS-IV norms at optimal prices.

By the next financial year, many leading automotive manufacturers are looking forward to introduce new products in the market, which will result in both growth & demand of the sector in the country.

And SAMIL very efficiently is going to strew the road to be the owner of a used vehicle for its customers, while providing great deal through their innovative bidding platforms to both buyer & sellers.

Sameer Malhotra (CEO, Shriram Automall) said: Company is going in the right direction & has become the no.1 service provider for acquiring and disposing used vehicles and equipment with negotiated deals while offering complete transparency through diversified bidding platforms. With the increasing number of new products coming in market & growing demand for them, we are now focused to upgrade our inventory with those products, as new for one will become used for us. We are gladly looking forward to play our part in making Indian Automotive Market the 3^rd biggest market in the world, while playing our part in the National Development as well.

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What will be GST (Goods & Services Tax) Implications?

GST (Goods & Services Tax) Law which is to be implemented in India by July’1, was made public in November 2016. GST provides for maximum rate of tax under the new regime i.e. at 14 per cent (14 per cent central GST and an equal state GST, taking the total to 28 per cent).

The peak tax rate will rise up to 20 per cent, from the current 14 per cent, in the model goods and services tax Bill, which will preclude the requirement of approaching Parliament for any change in rates in future.

The change in the peak rate, under GST bill will not tinker the 4-slab rate structure of 5, 12, 18 and 28 per cent agreed upon last year, GST council has only kept the upper cap higher at 20% so that in future in case of need of hike tax rate, there is no need to approach Parliament for a nod and the GST Council can raise it itself.

Decided 4 tier structure will hold for now, this means the central GST and state GST can be up to 20 per cent each, leaving the scope for a maximum levy at 40 per cent.

Like the model GST law, the CGST, SGST and UTGST law will be firmed up by the Centre, states and Union Territories, respectively.

Forthcoming session beginning from this March’9, Centre plans to introduce in parliament the Central GST (CGST) bill. After its ratification, the state will look forward to introduce State GST (SGST) in respective legislative assemblies.

Which goods & services will fall in which section is yet to be taken care of & after that’s done same will be taken to the Council for approval soon. So, we can assume that final approval will come by mid March only as next meet for GST will held on March 16.

While it’s still not sure which goods & services will fall in which segment, it’s almost quite that “Real-estate will come under GST, lots of black money finds its way in real-estate & everybody knows that. For curbing that, this step will be taken.”

Healthcare sector will not come under GST. As this sector caters the health needs of people, it should be kept aside from the purview of GST; otherwise it would be impossible for common people to access medical care which will be expensive & unaffordable. Currently Healthcare is out for service tax & similar will be followed even after its implementation as if GST levied on Healthcare, country will never reach the much avowed goal of providing Universal Healthcare coverage will not be possible. So, currently even Healthcare premium will be exempted from GST, in fact there will be a raise in tax exemption of 5,000- 20,000 on preventive health checkup to reach the goal of Universal Healthcare coverage.

Large number of items like food & other essential household items will be exempted from purview of GST. New amended GST bill will also affect the automobile sector positively while boosting the demand in the market as with the GST in place, taxes levied by the centre like excise duty and state levels taxes like sales tax, road and registration tax would all be subsumed into one. While following the 4 slab system the lowest slab tax rate will be implicated to the smaller cars making it easy to buy for common people.

As India aspires to evolve from a developing country to a developed nation, Indian economy with fastest growth rate is making an impact globally. The steps taken will change the pattern substantially of how Indian’s have been living and spending till now, while affecting present & future lives of people for better.

SameerMalhotra (CEO, Shriram Automall) said: “With implementation of GST in near future, I can see Indian economy grow with a boom, while delivering uncommon results to the citizens. Being in the used automobile industry, I always focused on evolving people from being a driver to an owner of the asset & with GST implemented I can see that dream coming true for many.”

If you as well is looking to be the owner of your own asset, SAMIL is your best choice as they offer best quality assets at optimal prices through their multiple bidding platforms. You can both download “MY SAMIL APP” and register yourself on the following link and go through their vast inventory filled with used vehicles& equipments of every make & brand.

Link -  https://goo.gl/TIwtuP

  

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