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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Repair or Replace Your Car: Guidelines To Decide

We often come across situations, when we don’t know, whether we need to get our car repaired or to replace it. Some cars do last for a long time but it’s not the case with every car, so you should stop thinking to get more from your car. But how would you know if you need to give up on it or get it repaired and run it for some more time? We will provide you with some guidelines to make your decision an easier one.

Evaluation of your vehicle

Inspect your vehicle and evaluate its condition so that you can take further steps. You can do this step after making a checklist by yourself or can get a mechanic to perform this step. Evaluating the condition of your vehicle will give you the exact report and you will be able to know the potential of vehicle and its problem.

Determine Future Maintenance Cost

Assemble maintenance schedules as according to the mileage of your car and mileage required in future. Take your car to the mechanic of your trust and pay them to inspect the car as according to the maintenance schedules. The cost of these inspections should be fairly inexpensive, and the information they will provide will be more than worth the expense. Add up all recommended repair costs plus all previous repairs during the year. Divide this number by 12 to determine your average repair cost for the given year. This number will not however include any breakdown or unexpected repairs.

How much is your car worth

After getting every piece of information from both the steps above, you now need to determine the value of your vehicle. Also determine the value of competitive cars that are available around you, this will help you to know the real worth of your car. It is important to know the worth of your car, to make you able to get the best price if you are planning to dispose off your car.

Cost of your next Car

Now that you have determined your yearly repair costs, the value of your current vehicle, and a possible sales price you must calculate the monthly payment of the new car. Paying a larger down payment on the new car will lower the monthly payment. Keep in mind you are replacing a vehicle that you know will be incurring future repair costs, so don't take on more money debt than you can handle. Hopefully you have a month or two before these expected repair bills will be required, so you will have some time to price shop the new car, and have time to sell your current vehicle.

If you can’t purchase a new car due to shortage of funds, don’t worry, just connect with Shriram Automall India Limited (SAMIL). SAMIL provides a wide range of used non commercial and used commercial vehicles in India.  You can own the car of your choice easily by accessing SAMIL’s online as well as physical bidding platforms and get the best deals. Finance services from SAMIL makes acquiring used vehicle very convenient and safe.

See related article: Tips to buying second hand cars

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What’s Exciting in the Exclusive Car Bidding Events at Shriram Automall?

The Exclusive Car Bidding Events at SAMIL cater to a huge variety of pre-owned cars. These events are conducted in a hassle-free manner at more than 150 bidding locations, including over 50 well-structured Shriram Automalls, across India. We create an engaging platform through such bidding events in which the customers get maximum benefit through an exciting acquisition and disposal process.

All the cars are safely parked at bidding locations, two days prior to the bidding event. Interested bidders are given a suitable time for car inspection before an event begins. This helps them in making an appropriate decision during their participation in the events as we give them a transparent vehicles bidding platform for their valuable acquisition.

At SAMIL, we ensure that every pre-owned car is disposed at best prices of the market. Customer profit is the main objective of our exclusive bidding events. Every event marks the presence of various bidders due to strategic locations of the Automalls. These numerous registrations further contribute in raising the value of car to a great extent.

“We are proud to associate with millions of Indians while making them own their dream cars through our exclusive used car bidding events, both physical and online.” -  Mr. Sameer Malhotra, CEO, SAMIL

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Shriram Automall – India’s One-Stop Destination for Used Cars

Shriram Automall India Limited (SAMIL) is one of India’s leading platforms to serve holistic solutions in the exchange of pre-owned cars and SUVs. At SAMIL, we cater to every type of pre-owned cars and SUVs on our multiple bidding platforms where the acquisition and disposal takes place in a hassle-free manner. Our Refurbishment, Parking, Valuation and other allied services add utmost value to every transaction. For any solution related to pre-owned cars & SUVs, SAMIL is like a one stop destination, built upon a commitment to customer value and satisfaction.

Wide Reach
With our 150+ bidding locations, including over 50 well-structured Automalls and more than 70 strategic parking locations, we reach out to India’s every corner.
 
Multiple Bidding Platforms
We provide multiple bidding platforms for used vehicles in India, including physical bidding, online bidding, private treaty and one stop classified kiosks for pre-owned cars & SUVs.

Transparent Deals
At SAMIL, we ensure utmost transparency at every step of our association with the customers in order to serve them value-for-money transactions.

“Our offerings at SAMIL for used cars in India are aimed at serving something of utmost value to the customers. While catering to all the brands, we ensure that every demand is met with utmost priority.” – Mr. Sameer Malhotra, CEO, SAMIL

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How to Bid on Used Cars?

All of us aspire to be a proud car owner in our lives. Once an individual settles down in his life, one of the foremost priorities that arise in front of him is the purchase of a car. It can either be a new or a pre-owned car. Nowadays, bidding has become quite a prominent mode of acquiring a pre-owned car. Let’s check out various points to be considered while we make a purchase of the second hand car.

• First of all, carry out a thorough research on the type of bidding event you are going to attend. This is because; many times these bidding events are open to car dealers only instead of the entire public.  
• Make sure you reach the bidding event before time so that you get an opportunity to inspect the pre-owned cars before only. This way you can also make a better choice while bidding.
• You can also carry a car expert along with you so that anything wrong with the used car of your choice will not remain hidden from you.

For an ultimate bidding experience in the acquisition of pre-owned cars, you can get in touch with Shriram Automall India Limited (SAMIL). The company serves all the esteemed brands of cars on its bidding platforms.

“Although bidding existed in the pre-owned cars segment but we are the first company in India to introduce the concept of physical bidding. Our Automalls spread across the country organise live bidding events to facilitate the acquisition and disposal of pre-owned cars along with other vehicles and equipment.” – Mr. Sameer Malhotra, CEO of SAMIL

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