Automobile Sector’s Resurgence after Demonetization

Over FY06-16, Automobile sector faced the fastest growth at CAGR of 9.4%. Out of which two-wheelers faced the fastest growth of all i.e. at CAGR of 10.09% due to increase in number of young drivers.

Just two months into the New Year & Automobile sector is facing quite impressive growth. Where the 2017 Union Budget announcement is being slated, automobile sector is keeping an optimistic approach towards it as it aims to boost the sector.

The Union Budget will give boost to the economy, especially rural and infrastructure. With an outlay at Rs 3.96 lakh Crs & complete focus on Infrastructure, would be a positive for commercial vehicle industry as it will boost the demand of both commercial vehicles & equipments.

After demonetization in November’2016 automobile sector faced sudden downfall, but now industry is making up for that with fast sales. We can see sale resurgence indication in January’2017 only by the overall Passenger Vehicle (PV) sales that totaled up to 265,320 units to notch 14.40 percent year-on-year growth, February sales of 2017 followed the same direction as well.

Total of 21,086,185 vehicles including passenger vehicles, commercial vehicles, three wheelers & two wheelers were produced in April-January 2017 against 19,882,485 in April-January 2016, while registering a growth of 6.05 percent.

This month the country's leading carmaker Maruti Suzuki India has announced 27 per cent growth in overall sales. Maruti Suzuki sold total of 120,599 units, in January 2017.

Second largest carmaker Hyundai Motor India Ltd. too logged higher sales number with total of 42,327 units. Honda Cars India sold a total of 14,249 units in February 2017.

Every known carmaker in the industry is making an exceptional progress we are proud to look at.

Shriram Automall India Limited (SAMIL) who deals in used automotive & equipment segment understands that ratio of every new vehicle to used vehicle is 1:1, as every new vehicle sold becomes a used vehicle asset for them, thus helping the auto industry while positively contributing to GDP (gross domestic product).

With the new union budget which is focused in direction of rural & industrial sector, SAMIL is there to provide best quality used vehicles & both equipments (construction & agricultural) of all make and brand at optimal prices. On the top of all this with coming GST bill excise duty and state levels taxes like sales tax, road and registration tax would all be subsumed into one which will make the process of buying used vehicles even cheaper & with the company like SAMIL, one can surely look forward to face the best experience of all time while closing the deal involving both corporate core values & all newly amended bills regarding the same.

If you are an interested buyer or seller who is looking forward to acquire or dispose a pre-owned vehicle or asset, SAMIL is your best choice. You can simply register yourself through the given link or download “MY SAMIL APP” with easily accessible interface for your convenience.

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NEW ERA-NEW PAYMENT METHODS

 India soon to be the developed country as with the growing technology, country is pacing up as well.

With the vision of cashless transaction, technology has now become advance too which now gives us multiple options for easy payment, while providing us power of choice.

Shriram Automall India Limited (SAMIL) is the No.1 Service provider of used vehicles & equipment. Company is best known for its professional & transparent services, which work as the resource for customers for all their used vehicles & equipment needs.

With changing times everybody looks forward to the easy & convenient ways of dealing. SAMIL with the vision to provide its customers with the best services of all time has come up with the services allied to boost customer experience in all situations.

With services like “DESKTOP BIDDING” and “MY SAMIL MOBILOE APP” company has given its customers more range of platforms to choose from. Customers can even participate in live bidding event through these platforms.

While bringing transparency through any of the chosen platforms while closing the deal, company is now focused to bring transparency & easy cash flow availability through multiple payment options for its customers.

Yes! Not just one, you now even get the power to choose from the multiple payment options that company provides and pay for your desired used vehicle. Given below are the easy payment options for your convenience that company offers:

1. Card Swiping Machine: Company has efficiently installed multiple cards swiping machines in 67 Automalls, nationally, while providing you the comfort of not carrying cash with you which used to be risky. As now you can simply swap your debit/credit card for paying RSD amount.
2. Payment Gateway: for the 100% customer satisfaction, company provides this payment option where customers while doing online transaction can simply log on to www.samil.in & select the event they want to participate in and then pay RSD to bid on their desired used vehicle & equipment at their comfort.
3. Direct Payment through Gateway: For easy & fast transparent mode of transaction, simply scan the QR code & pay the RSD amount at your nearest Automall. 
4. RTGS or IMPS: RTGS (Real-Time Gross Settlement) or IMPS (Immediate Payment Service) are specialist fund transfer systems, where transaction takes place on real “time basis” which means that any transaction payment will not be subjected to any waiting period. Through this payment mode, you can simply transfer the money easily from your account to SAMIL account by entering the SAMIL bank details & sharing the receipt with the local SAMIL team at your convenience.

If you as well are looking forward to acquire or dispose pre-owned vehicles & equipment, you can participate in the Physical Bidding events in your nearby Automall in person or you can participate in the Live Bidding Event simply by clicking on the link below or by downloading “My SAMIL App”.

Link - https://goo.gl/TIwtuP

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2017 SET TO BECOME A BENCHMARK FOR TRACTOR SALES

The India Tractor Market is all set to witness a double digit growth of 16-18% in FY 2017 says CRISIL. However the growth in February & March to only be in single digit number as farmers still cope with the note ban and shifting towards using digital payment modes.

The sales were revived as the south-west monsoon came in normal. Rains were 97% of the long-period average, timely and well-distributed, resulting in Kharif production increasing 10% on-year (according to second advance estimates), and Rabi sowing also 5.7% higher on account of sufficient reservoir levels.

Farmers had a good sowing season, however due to the demonetization effect sales in November took a toll with de-growth of 13% in November, a modest growth of 7% in December and 5% in January. However the impact is expected to be short-term and sales should recover by the first quarter of 2017-18.

With faster acceptance of non-cash transactions in the states like Madhya Pradesh and Rajasthan, going forward demand for tractors is projected to see healthy growth.  Tractor sales would also benefit from favorable budget announcements such as record farm credit disbursal of Rs 10 lakh crore and other rural development initiatives.

Based on this, we see tractor volumes picking up in coming quarters, though, for lack of a low base as was the case this year, fiscal 2018 could close with a relatively sober growth of 8-10%.

If you are interested in buying pre-owned tractors than Shriram Automall is the right place to be at. The company offers widest range of used tractors & other farm equipment at optimal price to choose from.

You can also download its ‘MySAMIL Mobile Application’ to view upcoming events, inventories & even place live bid on the vehicles & equipment you are interested in.

Know More - http://www.samil.in/MobileApp

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INDIA URGING THE NEED TO DEVELOP POLLUTION FREE ENVIRONMENT

Image Source - https://c.slashgear.com/

To address the issue of national energy security, vehicular pollution & growth of domestic manufacturing capabilities, India unveiled “National Electric Mobility Mission Plan (NEMMP) 2020”in 2013.

Not just that, India is looking forward towards the major shift to electric vehicles by 2030 after implementation of this plan. The “National Electric Mobility Mission Plan 2020” has the potential to bring a transformational paradigm shift in the automotive and transportation industry as it is one of the most ambitious & important initiative that Indian Government has taken for better road transport with no air pollution at all.

India is looking forward to the planned collaborated promotion of electric or hybrid vehicles by 2020, as through combination of policies, government is looking forward to bring population of about 6-7 million hybrid/electric vehicles in the country.

With certain level of indigenization of technology, India ensures global leadership in some vehicle segment. Plan is a composite scheme made up of different policy elements like:

1. Demand side incentives to make acquisition of hybrid/electric vehicles easily accessible
2. Promoting R&D in technology along with battery technology, power electronics, motors, systems integration, battery management system, testing infrastructure, and ensuring industry participation in the same
3. Promoting charging infrastructure
4. Supply side incentives
5. Encouraging retro-fitment of on-road vehicles with hybrid kit

Around Rs.14000 crore has been estimated as an outlay amount for 2020 road map during the span of the scheme. India, with the urge of being the Developed country, is looking forward to provide to provide a clean and gasoline free transportation option to the people in a significant manner, while making this plan a reality which will also reduce oil import burden of the country eventually.

Under the broader theme of promotion of alternate fuels, India has already launched FAME - 'Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles' in 2015. Till 2020, the scheme "intends to support hybrid/electric vehicles' market development and its manufacturing eco-system to achieve self-sustenance".

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Connected Cars – Upcoming Technology Marvel

Image Source - http://www.techspot.com/i

Connected cars being the latest buzz word has increased the pressure on the automobile industry to bring connected-cars in the market, which is going to make “Connected Cars” a reality soon.

Internet today is in everything and is everywhere: being known as a machine learning set or artificial intelligence, has made internet the centre around which all enterprises & world works today.

“Connected” vehicles as well are going to embrace all of these new-age technologies & are going to change the way how businesses and life runs today. The technological aspects of a connected car will involve multiple devices inside the car which will connect with the computing and application servers, which will help in computing power to access real time information and data.

Do you know? That our car, yes our today’s car, features about 100 million lines of programming code as it has the computing power of 20 personal computers which processes up to 25 gigabytes of data per hour.

Yet, Today’s Automotive Digital Technology focuses on optimizing upcoming vehicle’s internal functions. As now their aim is to turn developing car’s ability to connect with the outside world while enhancing the in-car experience.

Connected Car is going to be the vehicle, which will be able to optimize its own operations and maintenance along with the convenience and comfort of passengers while using onboard sensors and Internet connectivity.

India in itself, for being at the urge of being a developed Nation soon, is going to invite the “connected car” technology with open arms but first India will have to focus on infamous road safety it has. So, for India it is a long way to go for “Connected Cars”.

Though, Recently in Bangalore, the US-based technology giant i.e. Nvidia, invited 25 startups to make demos of communication platforms for connected vehicles with the help of the incubator AutoNebula. This initiative was taken to understand how simulated experiences, of driving a connected vehicle, could be introduced into the real world.

AutoNebula focuses to find 20 startups, with connected vehicle ideas, especially in every major city of India. And not just that, startups themselves are swooping in the concept of “Connected Cars”, while creating connected vehicle platform themselves in India.

For bring this Technology in India, information stack of consumer-to-corporation, is going to need a lot of integration and maintenance which will be provided by the giant IT companies like Infosys, TCS, and Wipro.

Sameer Malhotra (CEO, Shriram Automall) added: “With the sophisticated need of growth, Indian government is taking all the required steps to make Indian automotive segment road worthy. Connected cars in India, is going to be the technology marvel which will turn out to be the game changer for both India economy and eco-system. We are looking forward to play all the required roles it needs, for making Connected Cars, a reality on India”.

Until the new fully technological connected cars comes in the India market, if you are looking forward to buy or sell used vehicles & equipment compliant with latest government emission norms, SHRIRAMAUTOMALL is the best place to come to. Visit your nearest Automall or download “MY SAMIL APP” to go through their latest inventory filled with used vehicles of every make & model. You can also click the link below to simply register yourself.

LINK: https://goo.gl/TRchZK

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