Tractor, Equipment Volumes May Boost Due To Farm Loan Waver!

The recent spate of farm loan waivers across the country may be causing a lot of trouble to bankers and analysts being negative for banking stocks. But, the move is expected to give a tremendous boost to tractor or farm equipment manufacturers.

In 2008, after the government waived off farm loans, tractor volume grew at an annualized rate of 21% for the next three years. In addition to the profitable loan waver for tractor and farm equipment market, average monsoon, higher sowing acreage, and moderate minimum support prices for various crops are likely to support farm income further.

In 2008, the central government announced farm loan waiver of Rs 70,000 crore and spent Rs 52,000 crore towards the scheme. After loan waiver, tractor volumes saw a sizeable pickup in volumes in March 2009 and September 2009. Agricultural product prices during the same period remained buoyant.

In FY 2017-18 till now Uttar Pradesh, Maharashtra and Punjab have announced farm loan waivers of Rs 36,000 crore, Rs 30,000 crore and Rs 20,000 crore, respectively as these three states contribute nearly one-third to the total tractor industry volumes.

Tractor manufacturers are likely to benefit the most from incremental tractor volume growth as other states such as Karnataka and Haryana are also considering farm loan waiver.

As you know that every new tractor sold becomes the base of the used vehicle & equipment industry analysts are now expecting 15-18 % volume growth in FY18 since it has been outperforming the industry growth for the past two years.

If you are looking forward to acquire and dispose used tractors and equipment Shriram Automall India Limited (SAMIL) – The No.1 Platform for Used Asset Transaction is the best choice to make. Click the link below for easy registration and acquire choice able usedtractor or equipment.
 http://bit.ly/2c2UwQN

Read More

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

Read More

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.

Read More

Used Vehicles for the Common Man

Owning an automobile is considered as a sign of luxury, however today we see a number of vehicles coming at a low price which is making owning a vehicle easy with availability of Auto finance options. A common man always looks out to a number of options while buying a vehicle of his choice. Today visiting a dealer to check about any vehicle has become less and it has been taken over by the online portfolio available at easy disposal of customer.

Today buying a vehicle do not require you physically going to every showroom to make your choice. You can now sit in the comfort of your home and explore through multiple options that fit in your budget and requirement. After which you can go to one or two specific dealership to check the vehicle physically and make your decision.

A lot of people today also consider buying a used vehicle as their first vehicle. The ration between new & used which is 1:2 itself is a proof that people today are more inclined towards buying a used vehicle. Explaining the ratio means that there are two used vehicle sold on the sale of one new vehicle.

For buying the used vehicle of your choice a customer have a wide range of options to explore. Coming up of organized players like Shriram Automall in the used vehicle domain has made the task of buying used vehicles easy, the company offers widest range of used vehicles & equipment under one roof.

You can also avail the facility of finance along with other professional allied services like refurbishment, parking & documentation etc. under the same roof.

So today the common man does not only have the option of new vehicle, he also considers the options in used vehicle market t fulfill his requirement.

Read More