Automotive Industry - Q1FY’18 (Complete Analysis)

After creating history by crossing the 3 million mark in domestic sales and growing 9.23%, during 2016-17 and 9.96% during March 2017, passenger vehicles have continued their growth streak during April, starting the financial year FY’18 on a promising note.

A double digit growth has been reported by most of the passenger vehicle manufacturers on the back of new product launches led by utility vehicles while for two- wheeler segment growing urbanization in cities and towns revved up the demand.

The commercial vehicle sector on the other hand witnessed a little downfall due to the rollout of the BS-IV emission norms from 1 April 2017 which resulted in price increase of BS-IV vehicles especially in the medium and heavy commercial vehicle segment and buses by 8-10%.

In the passenger vehicle segment, Honda Cars India led the growth, recording the highest sales growth at 21.09% followed by market leader Maruti Suzuki India with an uptick of 13.97%.

Passenger vehicle Market Share in % Q1 FY 2017-18

In two-wheelers two categories are set to drive industry growth - scooters and above250cc motorcycles. In the two-wheeler market, all OEMs have slid in terms of growth rates in Q1FY18 compared to the same quarter last year except for Suzuki Motorcycle India and Piaggio Vehicles.

Two Wheelers Market Share in % Q1 FY2018

The commercial vehicle segment has seen a complete wash out with all the key players facing double digit declines in domestic sales except for M&M and Isuzu Motors.

Commercial Vehicle Market Share in % Q1 FY2018

Another segment is the three-wheelers with Atul Auto alone bucking the trend by turning positive at 11.54% compared to a downslide of 12.1% in Q1 FY17.

Three Wheelers Market Share in % Q1 FY2018

In addition, major commodity prices are on the downward path, vehicle finance rates are also stabilizing after being on the upward trajectory for a long time. The Society of Indian Automobile Manufacturers Association of India has indicated that with the economy moving on the growth path, an improvement is visible in the fortunes of the automotive industry in FY18.

As ratio of Used Automotive to that of the New One is 1:1, Used Automotive Industry is also on the road towards growth. So if you are looking forward to acquire or dispose used vehicle or equipment at optimal prices, visit your nearby Shriram Automall today. You can also click the link below for convenient registration.

https://goo.gl/tk9WYw 

Read More

KEEP YOUR FINGERS ON THE MOBILE TO BUY USED VEHICLES & EQUIPMENT WITH SHRIRAM AUTOMALL!

                                                    Image Source: www.google.co.in

It is hard to argue that today, mobile devices have become so important to our lives. In very early days of history, pigeons were used as means of communication. Later, written messages were sent through letters by post. As the time passed, telephone came into existence and then the era of wireless communication which gave rise to mobile phones. Mobiles are the latest way to communicate nowadays.

Mobile Phones are now inexpensive, easy to use and comfortable & equipped with almost every latest feature we desire. From apparels to vehicles, people want the entire purchase cycle right in their hands.

Mobile phones proved to be a big help even in case of vehicle buying. Just with the quick access and obvious convenience, it has become essential for tech friendly people. On the other hand, people have also become well aware of spending within their budget and looking for the best vehicle which they aspire for. Aggregators like ShriramAutomall India Limited (SAMIL) where one can find the right vehicle or equipment at the right price.

 SAMIL has become India’s largest service provider for exchange of used vehicles & equipment, with a presence in both physical and online Bidding Platforms. It has also gone digital and for the widespread use of their professional services for acquisition & disposal of used vehicles & equipment as they have launched the MySAMIL mobile application. The mobile application is related to end user technology comfort with advance features. With numerous benefits of the app, one can have the ease of looking around for their favorite vehicle at ease sitting anywhere in the globe.

Benefits of MySAMIL Mobile APP

Convenient bidding: Participate in Live Bidding Events anytime from anywhere.

User Friendly: Acquire the vehicle you desire from the comfort of your home by easy registration, uploading KYC details & submitting proxy.

Easy Payment: Comfort of secure online payments directly from the app.

Stay Updated: Get updates with latest information and news regarding the available vehicles and bidding events on your phone.

Easy Download: Can be easily downloaded from Google Play Store & iTunes App Store for Free.

So, if you are looking forward to buy or sell pre-owned vehicles and equipment, SAMIL- Mobile Application is right choice which provides you best of their services while making your experience both easy and comfortable. All you have to do is take a step forward and download the app from given link.

https://goo.gl/cpN3a5

Read More

PRE-OWNED EQUIPMENT OFFERINGS AT SHRIRAM AUTOMALL

Shriram Automall, India’s leading service provider for the exchange of used vehicles & construction equipment. With the rise in demand of new equipment all over the country the equipment business with Shriram Automall is witnessing a year on year increase in this business segment with excavators, loaders & backhoe being the largest in demand under the segment.

Economic slowdown since last couple of years have made most of construction business owners now prefer to search for used construction equipment instead of going for a new one that have a major difference in price. Shriram Automall has always believed in building trust and maintaining complete transparency in their bidding process, hence the result is that now the company is India’s Most Trusted Service provider for transactions of Pre-Owned vehicles & Equipment.

Construction equipment do not only makes it easier to complete the project but also ensures the efficient use of labor, time and money.  Shriram Automall caters to the every need with a wide variety, including hydraulic excavators, wheel loaders, loader backhoes, cranes, motor graders, crawler tractors, piling rigs, forklifts, Off-highway trucks and other mining machineries. Moreover SAMIL has now started its voyage towards capturing the interests of international buyers for the construction equipment segment.

As the only company working towards organizing the highly unorganized market dedicated towards exchange of used vehicles & equipment for over 6 years. It brought forward innovative approach in form of its unique bidding platforms especially Physicaland Online Bidding along with Private Treaty and OneStop Kiosk for the acquisition and disposal of pre-owned vehicles and construction equipment. Its unique bidding platforms has helped all; an OEM or an individual, SAMIL’s professional services has touched the lives of many.

Transparent, Efficient, Safe & Reliable; that’s how our customers regard our bidding process as. Shriram Automall has improved the purchase capacity of people in the zone by providing them with wide range of used vehicles and construction equipment at fair price through our unique physical bidding platform & easy finance options. 

Read More

Acquire Used Cars from SAMIL That Are Giving Best Mileage!

Mileage is an important factor when buying a used car, but it is easy to overlook. You can get swept away in best mpg cars, or other measures of efficiency.

Low or high mileage affects the value of the car at purchase and sale, as well as likely cost of maintenance and servicing. The average annual mileage is 12,000, so if a car has mileage somewhat less than 60,000 after five years it would be considered low. If it's much more, it would be classed as high.

Mileage is considered high or low relative to the car's age. If you drive well below the average mileage each year, then although the car may be above average at purchase, it could be considered below average at sale. That means the opposite is also true. There is generally less wear and tear with low mileage cars, as long as the car has been cared for properly.

Manufacturers are constantly striving for better Mileage ratings trying to be at the top of the pile with every new launch. Shriram AutomallIndia Limited (SAMIL) – The No.1 Used Vehicle and Equipment Platform in India while understanding the need of an hour provide the used vehicles of every make and model with high mileage.

Given below are some of the used vehicles that offer highest mileage at optimal prices:

To acquire any of these or to look for more variety of used vehicles or equipment of other make and models visit your nearby Automall today. You can also place the bid through Live Bidding Facility from the comfort of your home or simply click the link below for easy registration.

https://goo.gl/tk9WYw 

Read More

Tractor Manufacturers Urging Government for GST rate cut to 18%

Tractor manufacturers who are disappointed over 28 per cent GST on majority of components have urged government to treat the industry at par with construction equipment, which comes in the slab of 18 percent bracket.

According to Tractor Manufacturers Association (TMA) The present levy is of 28 percent GST on parts and components of tractors but parts and components of construction equipment, which are close kin to tractors especially under 80 HP, will attract only 18 per cent GST.

Despite several representations both the sectors are similar when it comes to emission norms but different when it comes to GST.

Tractor manufacturers were also upset over transition provision on stocks held at depots and dealerships.

With hardly few days to go for GST regime, any delay in extending transition provision could increase tractor costs by Rs 30,000-34,000.

Urgent clarity on extension of transition provision is therefore also awaited to understand the tractor GST regime.

For tractors, the 12% is the output duty and 28% is the input duty so there are two kinds that could go on. If input duty gets lower there will be no concern at all & that representation has been made by the industry to the council and if they consider it’s going to be good. However, if the relief is not given at an input stage then also there is inverted duty which industry can claim as refund.

In an inverted duty structure; if the duty itself comes down then there is no need to claim refund. So the only small problems could be on the spare parts side.

If you are looking forward to buy a used tractor or any other automotive per se, Shriram Automall India Limited(SAMIL) is the best OneStop solution where at optimal prices you can choose the desired used vehicle from the vast inventory.

Company offers various mediums through which you can participate in its Physical Bidding Events i.e. “Desktop Bidding” & bidding through “MySAMIL App”. You can also click the link below to start the process much more conveniently.

https://goo.gl/tk9WYw

Read More