INTERNET- New tool for Globalizing Used Vehicle Market

                                                          ref - https://www.carmudi.lk

The internet always has been and always will be the magic box, which only augments our brain. Right now internet has become the force that is always in your favor. Everybody knows internet is super smart, but do you know that now internet has become the power which magnifies outcomes of your efforts while searching for the perfect new or used vehicle.

According to the research over 88% of the automobile buyers use the Internet to shop. Buyers use variety of devices to shop, including desktop and laptops, smart phones and tablets. 46% of the interested buyers even use multiple devices while shopping for a vehicle, be it new or used.

Being the game changer SAMIL, paves the way for substantial buyers while prevailing them the benefit of multi screen, used vehicle shopping experience through online mediums.

Company always focuses on making the online shopping experience, both user-friendly & remarkable through its holistic approach. While focusing on the ways to deliver the consistent demand of used vehicles in the market, SAMIL has introduced innovative online & physical bidding events in the country. Now, customers can even participate in the live bidding event at the comfort of their home with just one click through online mediums like their “MY SAMIL APP” or “DESKTOP BIDDING”.

Internet today offers immense possibilities, so company provides detailed information about all the used vehicles of every make & model present in their inventory, on their website as well as on mobile application.

Sameer Malhotra (CEO, Shriram Automall) said: “Most vehicle buyers are undecided at the start of the shopping process; we help them get through the confusing process while providing them with professional services with easily accessible user friendly interface at their comfort.”

 Internet is quite powerful & big, when customers first begin to shop, 6 out of 10 consider multiple vehicle options by being open to both pre-owned & new vehicles, and half of them trade in an old vehicle at the time of purchase.

Buyers spend the majority of their shopping time making decisions online. Questions like: what to buy and who to buy from, are decided online only by the buyers. So, being the no.1 choice SAMIL influence large amount of customer base to close the deal with them.

If you yourself are looking forward to be the owner of a used vehicle, SAMIL is the OneStop answer to your search. You can simply register yourself by visiting - https://bids.samil.in/

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INDIAN RADIO TAXI MARKET MOVING WITH A ROBUST DOUBLE DIGIT GROWTH

Taxi market in India, has been exhibiting strong growth in past few years. As with the pacing fast world, traveler lifestyle is growing as well. Increasing number of people in the country especially corporates prefer on time, well structured services which is well served by modern Radio Taxis which are well equipped with AC, GPS, 24*7 customer support, electronic fare meter & many other tangible or intangible features.

This growing adoption of aggregator models has resulted in opening up the market for unorganized taxi operators to switch themselves to the radio taxi service market. As a result aggregated model taxis will witness robust double digit growth.

In India, growth of Radio Taxi is growing with quite an effective pace and it’s obvious that till 2020, Indian Taxi Market will boost itself significantly. There are quite many factors behind such amazing growth of this sector like: On the outskirts of metro and tier-1 cities like Delhi, Mumbai, Chennai & Bangalore presence of existing or upcoming industrial hubs corporate parks, create an effective growth opportunities for radio taxi operators. Besides, that young working class particularly opts for radio taxis due to enhanced convenience & safety.

On account of urbanization, the radio taxi services market revenues are forecast to grow at a CAGR of about 17% in 2015-2020. With various benefits offered by Radio Taxis such as enhanced passenger comfort and security as well as GPS/GPRS and internet connectivity, per capita income of the sector will grow as well. 

Commuters not only prefer radio taxi for all the luxury it provides but also for the coupled benefits of  online booking/payment option, booking through applications, 24x7 availability, discounts, etc. which makes their life both easy and comfortable in just a click.

Three-fourth of the market share of radio taxi services in India is selectively dominated by only a few players.

With this brilliant growth, app based aggregated cabs has not only disrupted Auto- rickshaw and Traditional Taxi market, but has also forced automotive OEMs to revise their growth & marketing strategies.

Even with such remarkable growth, this sector face many untapped opportunities due to very few players in the organized radio taxi services market, who at times fail to address the growing demand in the market resulting in unavailability of required number of cabs.

Shriram Automall has also played its part in this huge development as cab drivers of these taxi hailing services come to SAMIL buying a used CNG fitted cars to comply with governments decision which make only CNG fitted cars eligible for being a taxi.

You also can take benefit of the opportunity and get your petrol or diesel car sold at Shriram Automall and can get finance assistance through STFC for buying a used or new CNG fitted car.

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Indian Automotive Industry

Indian automobile industry is one of the largest industries, in the whole world with 23.96 million vehicles in FY 2015-16, as an annual production.

With the increasing population, young driver rate is increasing as well. As a result both middle class & young population has made Two-wheeler sector leader of India Automobile Industry, with 81% market share.

The sector has witnessed a number of investors, investing heavily to cope up with the growing demand. According to the data released by Department of Industrial Policy and Promotion (DIPP), industry has attracted foreign direct investment (FDI) worth US$13.48 billion in “April 2000 to June 2015”.

Government on its part is taking all the necessary initiatives to boost the growing demand even more by encouraging foreign investment in the automobile sector and thereby allowing 100% FDI under the automatic route.

Government also focuses on making automobile manufacturing the main driver of "Make in India" initiative, while expecting the passenger vehicle (PV) market to triple to 9.4 million units by 2026, boosting the sales in the tractors segment. Government provided Union budget of over 850,000 crore (US$127.5 billion) in 2015-16 to farmers. Govt. will also promote eco- friendly vehicles i.e. CNG-based vehicles, hybrid vehicles, and electric vehicles in the country for minimal air pollution. 5 per cent ethanol blending in petrol will be mandatory.

India Automobile, register marginal growth of 3.07% year to year with production of over 14.25 million vehicles including private vehicles (PVs), commercial vehicles (CVs), three wheelers and two wheelers.

In 2000 to tune in with the initiative to reduce vehicular pollution, government itself unveiled the standards titled "India 2000" which was later upgraded to be known as Bharat stages. These standards are quite similar to the European standards, and are implemented in an effectively efficient manner with latest upgrade. At first initiative was mannerly phased, in 13 cities & later in rest of the Nation.

13 cities where Bharat Stage IV was first imposed are as follows: Delhi (NCR), Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, Surat, Kanpur,  Lucknow, Solapur, and Agra.

Indian government is taking all the measures to both boost the Indian Automobile Industry & to cope up with growing demand.

With huge market place, SAMIL itself is playing its part to keep up with pace of the automobile segment.

Through innovatively well structured bidding platforms, SHRIRAM AUTOMALL has introduced Indian Automobile market with an easy & organized approach of acquiring and disposing used vehicles & equipments. SAMIL plays a crucial role in Indian National Development, as it makes it easy for both rural and urban areas to acquire & dispose used vehicle through any of their 67 Automalls unfurled in every corner of the country.

Company helps serve the demand of the used vehicle in the market in an organized & transparent manner. If you as well is looking forward, to dispose or acquire a used vehicle or equipment SAMIL is the best choice to make. You can both visit your nearby Automall, or register yourself by clicking the link below. http://bit.ly/2kqM0Ro

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Women Can’t Drive! SAYS WHOOOO ???

This women’s day, want to be inspired to begin or advance your automotive journey? We are here to both inspire & aspire you. But first let’s talk about the statement we hear & use frequently “Women Can’t Drive”.

If you think that’s right, then you are wrong, as men might take more risks which indeed are quite not a good thing as according to the research men are more responsible than women for accidents and that definitely doesn’t make them better drivers or riders.

And moreover women today are not only the driver of a two-wheeler or a four-wheeler but also have become the driving force of the automotive industry. Dealership Owners, HR Personnel, Salespeople, Service Writers, Administrators, Marketers and any women affiliated with the automotive industry is very impressively helping it grow even further.

A woman today has very effectively has created a name for themselves in this male dominating industry, by working triple times harder than their male counterparts.

In India, even in the 21^st century women has limited choices of professions so they mostly opt for vacancies in information technology, engineering or even medicine, fashion designing sector. But with changing times, women have started indulging themselves in the automotive sector & are growing with the remarkable speed with efficiency of work.

Women are growing but still women in the industry occupying key positions can be counted on the finger tips. But we can see if we look around that women are in every profession. So, yes very soon women are going to grow in automotive sector as well while being the support system for their women counterparts. As to excel in any profession all one need is to achieve the physical & mental endurance for that particular profession, as being a man or a woman doesn’t change the capability, knowledge or determination of a person to its job.

Sameer Malhotra (CEO, Shriram Automall) says: “Happy Women’s Day to all the admirable women who are determined to rise in their own ways, on their own terms to make a name for themselves. Being a CEO of a used automotive company, I am glad to share that there is no doubt that women today are not only capable of driving well but also is completely capable of doing anything & be anything in the automotive segment of the country. In fact with women in this segment we can expect more accuracy & innovation in the work done.” 

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NEWLY AMENDED AUTOMOBILE BILL – TRANSFORMING TOMORROW

Motor vehicles including, automobiles was first introduced in India at the end of 19^th century. And to regulate their use 1914 Act was the first to be codified which had 18 sections under it.

Government plays a vital role in a citizen’s life by implementing laws and regulations as they are warnings for our safety only and we must follow it, as good laws are the offspring of bad actions only. With evolving times laws for automobile also evolved, from 1914 Act to Indian Motor Vehicle Act1924, Motor Vehicles Act 1939, which came into force in 1940.

Later, Motor Vehicles Act, 1988 was introduced which regulated all aspects of road transport vehicles including both transport and non-transport vehicles. The Act provides details of legislative provisions regarding licensing of drivers/conductors, registration of motor vehicles, control of motor vehicles through permits, special provisions relating to state transport undertakings, traffic regulation, insurance, liability, offences and penalties, etc.

To exercise the above legislative provisions Government of India created Central Motor Vehicle Rules in 1989 and made sure that all the rules under the Act are enforced in a well organized manner, as no laws are better than laws not enforced.

Then again in 2016, Union Cabinet chaired by Prime Minister Narendra Modi gave the approval to new amended motor vehicle bill in 2016.

 The step was taken to address the issue of road safety and to enhance the customer experience while dealing with the Ministry of Road Transport & Highways which is constituted of Group of Transport Ministers.

Amendments on the existing rule were made to improve the transport scenario in India and to address the issue of road safety by lowering down accidents and fatalities by 50% as over 5 lakh road accidents in a year are reported in the country in which over 1.5 lakh people lose their lives.

The bill aims to amend 68 sections out of 223, it also state the increase in compensation for hit & run cases from Rs. 25000 to Rs. 2 lakhs and payment of compensation upto Rs 10 lakh in road accidents fatalities.

In case, of offence committed by the Juveniles owner/guardian will be deemed guilty and juvenile to be tried under JJ Act, registration of the vehicle would be cancelled as well.

With the aim to properly implement the bill electronic detection devices will be installed to detect the violation like juvenile driving, drunken driving, driving without license, dangerous driving, over-speeding, overloading etc. and people who will break these rules will face strict punishments.

Bill also contemplate to mandate the automated fitness testing of vehicles by october’2018 which will reduce the corruption in transport department while decreasing the human interference and will also increase the road worthiness of the vehicle.

Government is playing its part for pollution free India, but laws alone cannot secure the country until every man present in the country follows them in an organized manner.

So, let’s come together and help government to work towards the common vision of pollution free advance India. 

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