Indian Passenger Vehicle (PV) Market, witnessing Robust Growth in 2017

                                              Image Source - http://www.business-review.eu

In a 12 month, period for the first time India’s Passenger Vehicle Market have topped the 3-million-unit mark for the first time.

Indian Automotive sector plays the huge role in Indian economic development, and therefore government is taking all the necessary steps needed to help this industry sector grow.

In seven years, Industry has witnessed year on year growth, but never has industry witnessed the fastest pace of expansion like this. As, in fiscal 2017, Sales of cars, utility vehicles and vans increased by 9%.

Industry witnessed this growth post demonetization, as money is back in the market & retail inflation is under control. Automakers expect this remarkable growth to increase even further.

As market of Passenger vehicles is growing and reaching the new heights while creating new records, Used Passenger vehicle market, is looking forward to see the robust growth as well.

As every new vehicle sold in the market, becomes the base of the used vehicle industry. As sooner or later almost every new vehicle comes to the used industry to be sold again.

Shriram Automall India Limited (SAMIL), India’s No.1 and Largest Platform for Acquisition and Disposal of Used vehicle & Equipment, has been serving all kind of used vehicles and equipment requirements in the country from past 6 years.

In such a short span, company has successfully unfurled 67 Automalls and 150+ bidding locations in every nook and corner of the country. Company offers plethora of services and facilities to boost customer experience while making them choose SAMIL again and again.

Very effectively company keeps its inventory up-to-date for efficient results. Customers can find used vehicles of every make and model at optimal prices in company’s Automalls.

If you are looking forward to buy or sell the latest used passenger vehicles of any make and model as well, SAMIL is the best choice to make. Through their transparent Physical Bidding Platform, take home desired used vehicle of your choice, at unexpected prices.

You can also download “MY SAMIL APP”, to participate in the live bidding event, at your convenience with quite a comfort. Or simply click the link below to register yourself:

https://goo.gl/TRchZK

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In FY2017-18 with New Innovations and Automalls - Shriram Automall

As we march to the new financial year today i.e. on April1’2017, we are marching towards the multiple financial changes as well, which will be effective from today according to the government.

Shriram Automall India Limited (SAMIL), while following all the new rules and regulation the government has imposed, is looking forward to grow its branches further more this financial year.

Since its inception in 2011, very successfully and remarkably company has expanded its reach in every nook and corner of the country, be it highways or narrow streets, by unfurling 67 Automalls and more than 150 bidding locations everywhere.

Company is best known for being the No.1 Service Provider of used vehicles and equipment in India. With new FY2017-18 starting today, company look forward to unfurl more Automalls in the country, thereby reaching out to more people, while serving all kind of used vehicles and equipment requirements they have.

Through plethora of Allied Services and multiple Innovative Bidding Platforms, company has already become the first choice of customers all over India, as company’s services and platforms focuses on providing complete customer satisfaction for essentially efficient results.

While keeping “Customer” in focus, company launched “MY SAMIL APP” and facility like “DESKTOP BIDDING” in last financial year i.e. in FY2016-17, to boost their experience of participating in Live Bidding Events, at the comfort of their home and that too at their convenience.

SAMIL, understand that Internet, is the new cool! That is why has bought the facilities that will make customers to reach out to their desired used vehicle with just a click.

While providing services, which will blow of your mind, SAMIL this financial year look forward to launch OneStop Mobile App & OneStop Classified facility for Truckers.

Truckers will be able to do all the following things with this new facility coming in:

•  Will be able to go through the latest inventory of used trucks of all make and models   
•  Will be able to both buy/sell used trucks
•  Easy selling option (simply upload photos & details like year of manufacture, registration          maintenance, Kilometers driven and more in a form of Advertisement to get a buyer)
•   Choose from available advertising plan to increase your selling chances
•   Compare trucks to choose the best one
•    Easy finance assistance integrated in the app
•   Apply for insurance for any vehicle
•   Contact us for any assistance

“We aim to help our customers, grow along with us. As I have learned it and I have seen it, that true happiness and true growth is experienced when services and facilities provided by you help your customers grow their business, making them choose you again and again. I personally look forward to evolve a little more everyday along with my customers” said Sameer Malhotra (CEO, Shriram Automall)

If you are looking forward to be the owner of a used vehicle, SAMIL is the one stop answer to your search. You can both visit your nearby Automall or simply register yourself by clicking  https://goo.gl/TRchZK

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SAMIL, Being the Helping Hand for Automotive Manufacturers

 who are stuck with 15,000crore worth of BS-III compliant vehicles
   

                                                       Source - http://www.ti-insight.com

Supreme Court result is finally out, finally BS-III vehicles sale is banned in the country. This Wednesday i.e. 29^th March’2017, after the final result from Supreme Court, Auto Stocks fell by 3% as vehicles which are not compliant with BS-IV norms are not to be sold or registered after 1^st April’2017.

The Automobile industry, which is stuck with the stock of 8.24lakh units of unsold BS-III vehicles, has faced quite a downfall, whereas Passenger Vehicle Manufacturers, who already started manufacturing BS-IV compliant vehicles, will not face quite an impact on them after BS-III vehicle ban.

These 15,000crore worth of vehicles, which are at huge risk now has turned out to be a setback for India’s automotive industries, as they are now stuck with the hundreds of thousands of vehicles compliant with BS III norms, which are now scrap for the industry.

Shriram Automall India Limited (SAMIL), the Largest Platform for Acquisition and Disposal of Pre-owned Vehicles & Equipment in India, is looking forward to help the automotive manufacturers, to get rid of the huge BS-III compliant vehicle stock which is now scrap.

Automotive Manufacturers, dealers can look up to SAMIL, for disposal of this huge stock. As company has large database of customers over the country, and through its 67 unfurled Automalls and 150+ Bidding locations in the country, company can successfully help manufacturers to get rid of their huge left over unsold stock of BS-III Compliant vehicles.

Indian market, being quite price sensitive, will gladly offer optimal prices to buy these vehicles from SAMIL. This might not make up for the loss that manufacturers will face but this will definitely help them cover half of their loss and also they will not have to store the big stock in their inventory.

With huge customer footfall that SAMIL, witness on daily basis in its Automall, the stock will be sold at optimal prices with complete transparency quite efficiently and effectively.

Sameer Malhotra (CEO, Shriram Automall) added “We do realize that Auto manufacturers are quite in the pit that too with huge stock of unsold BS-III complaint vehicles, right now. As that stock is completely scrapped for them after the Supreme Court ban, we are looking forward to help them get rid of that stock through our multiple bidding platforms at optimal prices, making it useful for both the manufacturers and our customers.”

If you are looking forward to buy a BS-III compliant vehicle at optimal price, SAMIL is the best way to close the deal and for being the owner of an automotive asset. These BS-III vehicles will work fine with the BS-IV compliant fuel. So, hurry! Visit your nearby Automall now, or click the link below to register yourself.

Link: https://goo.gl/TRchZK

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NATIONALLY SPRAWLING IN 67 LOCATIONS

It’s a never ending battle between making a decision of whether to buy a used vehicle & if yes, then where to buy it from.

Shriram Automall India Limited (SAMIL) since its inception in 2011 focuses on providing the Highly Demanding Used Automotive Market, what it always needed i.e. an organized approach. SAMIL with the professional organized approach changed the appearance of the market from inside out.

Company is a 100% subsidiary of India's largest Asset Financing Group i.e. STFC (Shriram Transport Finance Company) which manages assets over USD 10billion. SAMIL is an uncommon company which is best known to transform the loves of lakhs of people.

“SAMIL, started doing what was necessary, and became the country’s most trusted brand!”

Indian auto industry is already one of the largest in the world accounting for 7.1% of country’s gross domestic product (GDP). With the growing population, demand for this sector is growing quite effectively as well.

And while realizing the growth of this growing sector, SAMIL become the ‘boon’ in disguise which provided customers all over India, the prodigious platform to buy and sell pre-owned vehicles & equipment in a well organized manner.

With the fundamental aim serving more people with its professional services, company has become:

“India’s No.1 Trusted Service Provider for Pre-owned Vehicles & Equipment” in a short span of 6 years.

‘Today’s New’ is ‘Tomorrow’s Used’ with this approach Shriram Automall took it first step by constructing a grand multifunctional first Automall in Chennai, and while doing so company created a whole staircase that goes in every nook & corner of the country, where SAMIL very efficiently unfurled other 67 Automalls, while serving all type of needs of pre-owned vehicles & equipment in every area of the country. 

In order to keep up with the prolong demand of huge Automotive sector, many players showed their keen interest and started investing in the sector. But SAMIL turned out to be the only investor who provided a unique dimension to the sector, by providing diversified platforms for acquiring and disposing pre-owned CV’s.

The company provided its customers with the holistic approach where every new vehicle sold becomes the base of used vehicle industry which customers can make a use of for expansion of their business through efficient measures.

In the market full of highly occupied conservative and unreliable trade practices, company successfully created a name for itself through completely transparent trade practices.

SAMIL is the only company in India, which provides service like “Physical Bidding” where pre-owned vehicles and equipment walk on the ramp for live bidding & interested buyer after registration bids on their desired used vehicle. In their vast Automalls, through devoted services company also provide multiple allied services to boost customer experience.

With tremendous success in such a short span of time, the company feels proud to look at its journey for which they have won many accolades along the way. Company has also been honored, by the recognition as the “The Largest Platform for Acquisition & Disposal of Pre-owned Vehicles & Equipment” & “Highest Number Of Online & Physical Bidding Events in a Single Day”  in Limca Book of Records in FY 2015-16

Company 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, with its Amazing Administration, Company always stood alongside its valuable customers & market while following its core values.

Great people know that when spider webs unite they can tie up a LION.

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Start making Big-Budget for Car, Motorcycle Insurance from April 1

Source - http://www.post-gazette.com/

From April’2017, car, motorcycle and health insurance is going to get costlier, as the insurance regulator IRDAI is going to give “go-ahead” to insurers for revision in commission for agents.

The IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2016 will hike premium rates by as much as 40% for 2016-17 which will come into effect from 1^st April’2017. For cars below 1,000cc the premium has raised by 40% to Rs 2,055, while for compact or B segment cars (1,000-1,500cc) the increase is 40% to Rs 2,237 & for sedans, the regulator has increased it by 25%.

After the necessary modifications the change in premium is going to be +\-5 % of the existing rates. This increase will work as an addition to the enhanced third party motor insurance rates. These regulations will also bring certain revisions in commission/remuneration rates and will also lead to introduction of the reward system.

According to IRDAI, this can cause insurers to revisit the pricing of their products, as far as the costing input relating to commission or remuneration is concerned. However, change in rates is going to be +\-5 % of the existing rates of products or add-ons.

For the policies already sold, Insurers will have to give the certificate saying “no detrimental change” in premium rates and any other provision of the policy in the policies.

Not just that, it’s now mandatory for used vehicle owners to transfer the insurance policy in their name to claim the insurance against the damaged vehicle. As no owner can now file a claim without the valid insurance transfer in their name.

Claim is only admissible, on the basis of a valid contract between the Insurance company and the new owner and absence of it will make the new owner non admissible to claim for any kind of insurance.

According to the court as well, “an insurance policy is a contract between a policy holder and an insurer and in the absence of the new vehicle owner’s name on the motor insurance policy, there exists no valid contract between him/her and the insurance company. Hence, any accidental damage suffered by the new owner is not admissible under the previous policy.”

Are you as well looking forward to buy a used vehicle and yet desire not to get through the complicated process of transferring previous insurance on your name alone?

You are on the right track then, as there is a company who can assist you and help you in your all types of used vehicle requirements as transferring the insurance policy on your name is quite a hectic process and doing it alone can be further more hectic, but it’s necessary and need to be done. 

Shriram Automall India Limited (SAMIL), No.1 service provider for Acquisition & Disposal of used vehicles in India, provides you the best quality used vehicles of every make and model in optimal prices, through innovative bidding platforms & also ensures complete transparency while closing the deal.

Company understands that, buying a used vehicle can be a big investment, which needs care and further assistance. So, company with its professional team in 67 Automalls across India, provides full documentation and valuation services to its customers, SAMIL team also assist customers regarding their all types of insurance needs.

To register yourself for acquiring or disposing used vehicles & equipment through a convenient platform you can simply visit your nearby Automall or click the link below and you are all good to go.

Link: https://goo.gl/TRchZK

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