Five things to know while buying a used car

Auto manufacturers and dealers are promising fabulous discounts and freebies for those planning to make a purchase of new or used cars in India. Go through the following pointers before you avail of them.

1. New year, old model

Car companies usually offer big discounts in December to clear their inventories before they hike prices and launch new models in January. If you buy now, your vehicle will bear the registration date of December 2013, and in a few days, it will be last year's model.

This should not matter if you are planning to use the car for at least 7-8 years. However, if you plan to change the car in 3-4 years, the registration date will matter. A 2013 model will fetch a lower resale price four years down the line.

Hence, it will be prudent to wait till January to buy it. Remember that a new car should be used for at least 8 years to get a full return on investment. Sell it earlier and you could lose out on its value.

2. Buy within your means
The bigger the car, the fatter the discounts being offered. However, don't let the freebies entice you into making a purchase you can't afford. The golden rule is that the price of a car should not be more than 60% of your annual takehome income.

3. Consider the offers closely

While you should not look a gift horse in the mouth, when it comes to freebies from car dealers, a closer look is necessary.

4. Transfer the no-claim bonus

All car owners know that if you don't make a claim in a year, the next year's premium fetches a discount. However, few know that a noclaim bonus can be transferred to another vehicle, bringing down the insurance cost of a new car.

5. Petrol, diesel or CNG?

Petrol is the costliest car fuel, but petrol cars are the cheapest. Diesel is inexpensive, but the diesel variants of cars are costlier by Rs 75,000-1 lakh. They also require higher maintenance.

Read more at:
http://economictimes.indiatimes.com/articleshow/27725870.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

News: Fresh models required by new banks to flourish

As per the market sources, new banks will have to develop a fresh business model to succeed, including making profits in rural areas and tackling risks associated with technology and cash management.

RBI is currently in the process of shortlisting applicants for new banking licenses. However, licences are being issued after a gap of about a decade and those to have applied in the current round also include Shriram group, India Post, LIC Housing, IDFC, Indiabulls, JM Financial, India Infoline and Edelw.

For more news keep visiting to SAMIL blog

NEED OF PRE-OWNED CARS

Cars, now, in any country are indispensable. Work has enlarged and so is the root for movement from one place to another. Now, more and more people are getting financially independent escalating the demand. Women too are learning to drive and gaining financial independence to do their own everyday jobs. This again is swelling the demand for pre-owned cars.

When a buyer can get a car in good condition for a price one –third less as compared with a new one, there is something to be said for buying a pre-owned car. The availability of many good internationally acclaimed cars on the Indian roads has added to the charisma of owning a car, be it even a pre-owned car.

The rapid growth of the organized pre-owned car dealers, the market for old vehicles continues to be dominated by individuals trying to sell and buy cars. In the testimony to the growing market of pre owned cars, its authenticity should be carefully checked. Wider selection and ready availability of car loans is driving the Indian pre-owned car market.

The process of buying a pre-owned car can be fruitful and risk free, if you take the necessary precautions and opt for buying certified pre-owned car.

Shriram Automall is yet another pioneering initiative engaged in facilitation services for disposal of pre-owned and repossessed/refurbished commercial vehicles, farm/agriculture equipment, construction/industrial equipment /machinery of all types and categories, passenger vehicles, three wheeler's and two wheeler's. Mr. Sameer Malhotra, CEO takes pride in setting up one of the most innovative concepts to address the massively diversified transportation system in India.

Buying a used car? Here's what to look out for

New Delhi: The used car market in India is still largely unorganised. Although most major auto companies now offer certified used cars, most of the transactions still take place in the open market.

Maruti, Hyundai, General Motors, Toyota, Tata Motors, Mahindra & Mahindra etc. all sell certified used cars complete with warranty, not just from their own stable but across brands.

There are different stages of checking and testing that these cars undergo, before being certified by the companies.

However, because these cars go through rigorous testing, the companies charge much more than what the neighbourhood used-car dealer would. 

There are also cars sold by these auto companies, without the certifications and the warranty, which cost substantially less, but they would still be more expensive than the dealer operating in the unorganised sector.

There's no reason to be too wary about the unorganised sector, as many a time you can pick up a great deal from there.

Buying a second-hand car is not a bad idea, but if you have the means, most people would suggest you go for a new car- simply because of the fact that there are less hassles involved. A new car is unlikely to give any trouble in the first three odd years at least.

Even if a car is in mint-condition, and has only run a few months or a few miles, it will attract a price much less that its original price, while being sold, because it is a depreciating asset. It is a good idea to keep a lookout for such deals while buying a used car.

"If you buy a new car for around Rs. 10 lakh and want to to sell it off immediately, you can easily shave off a lakh (Rs. 1 lakh)," says auto expert Tutu Dhawan.

The more premium and high-end the car, the better a deal the new buyer stands to get, opines Mr Dhawan.

For cars within the Rs. 5 lakh bracket, Rs. 50,000 can easily be discounted if it is being sold off in a month or two, he says.

Read more at http://profit.ndtv.com/news/industries/article-buying-a-used-car-heres-what-to-look-out-for-374408

2013 : A year of hope for the future.

This year from January to November, car sales in India fell by 10.32% to 16,74,450 units as against 18,67,176 units in the same period last year.

Besides cars, the commercial vehicles segment was also a bad hit with economic activities such as mining and infrastructure projects came to a near halt.

It led to SIAM to seek stimulus package for the sector from the government but in vain.

This year turned out to be a tough year, but the auto industry, however, has not given up hopes. It is desperately looking to come out of the slowdown and the Auto Expo, scheduled to be held in February next year, will be the perfect platform to make a comeback.

Shriram Automall

Important factors that affect the resale value of your used car

All the care that you have been doing for your car over the years will actually pay you off at the time when you want to sell off your car. The resale value that you fetch will determine how successful you were at your task. But what are these factors that determine the market price of your car? Here are some that might be of help to you: 

 1. Mileage: The mileage your car delivers is probably one of the most vital aspects that would determine the resale value of your car. Lesser the kilometres recorded in your car, the better the price you will get. On an average, 10,000 – 12,000 kilometres per year is considered to be about average; anything that’s more than that will fetch you a lesser amount. 

2. Condition: All kinds of dents, scratches, chipped paints and holes add to the negative value for your car. A well kept car always pays off well. Apart from the exteriors, the interiors of the car can also make a lot of difference in the resale value of the car. Door panels, seats, headliner, carpet, and console all need to be in a good condition, even if the doors don’t open freely it is likely that this will depreciate the value.   

3. Make and model: Certain make and model like Maruti’s Swift, Alto, Honda’s City and Hyundai’s Accent are more in demand in the used market than others, which means they will definitely fetch you a higher value depending on their year. All imports too have a high demand in the used market. 

4. Accessories: All electric accessories like the power windows and door locks, the interior lights, the radio or CD player and heater or A/C Controls, all need to function properly to add to the total amount.

 5. State of registration: All motorised road vehicles are tagged with a registration or licence number in India. The number is issued by the district-level RTO (Regional Transport Office) of respective states. Different states have different registration values, for example, a car that is registered in Rajasthan will have a higher registration charge than the one registered in Haryana. 

6. Season: Though it’s not that a big factor that would affect the resale value but can surely add to the price. Try and sell your car in a period like Navratras, Diwali or year end, when people are in a mood to splurge in shopping and have a reason to buy a car.  

Read more about used cars in India at: http://www.zigwheels.com/news-features/used-car-guide/factors-that-affect-the-resale-value-of-your-car/8390/1

SENTIMENT AVERTING FROM INVESTING

The last 12 months for automobile industry has been a steady decline. It has been an extremely tough year especially the commercial vehicles have been hard it. As per TOYOTA it’s sentiment that is preventing people from investing.

As per SIAM GDP growth of 4 to 4.5% is not enough, to experience super growth in the automobile industry it should be 6.5-7 or 8%.

India has potential to be competitive in manufacturing provided the industry concentrate on people, skill development and our process that adheres to concentration on quality. And secondly look out at strategies for market India and factory India.

If you want to know more about the used vehicle industry click here: http://www.youtube.com/watch?v=aSj1oAY6goE

SHRIRAM AUTOMALL TO EMERGE AS A CENTER FOR USED CARS

Indian automobile second hand market is booming as people from all over the world are attracted towards the used cars. With the improved quality of used cars in India and wider selection, greater acceptance for the used cars among the customers is observed.

Pre–owned car dealers are more in demand in this financial year in contrast to the new car dealers. New car sales have witnessed a great dip due to the resilient slowdown of economy. Car buyers in India are extremely price sensitive. Fresh new cars attracts huge amount and empties one pocket. The acquisition cost is also very high as compared to used cars, excise duty and road taxes have increased which in turn makes the used cars a good value for money.

Pre-owned cars purchased from the reliable source is a must, one need to keep in mind to make deals in the used cars segment intelligently as what you get is a used car converted into a new car that is optimized for trouble-free performance and needs minimum maintenance.

The figures are estimated to be 1:1 for every one new car, one pre -owned car is sold.

Used cars have always been in demand and with each year passing by, the future of used cars seems to see no dull moment.

Mr. Sameer Malhotra CEO of Shriram Automall said, “their effort lies in setting the thrust for the owners to dispose off their used cars and at the same time, empowered the small fleet owners to fuel their entrepreneurial ambitions by acquiring the used cars.” 

SAMIL Success Story Live at TEE TIME on ET Now

INSPIRING REAL LIFE STORY OF SAMIL'S SUCCESS BY A PERSONALITY OF MANY DIMENSIONS AND ACHIEVEMENTS ! A live telecast about the Corporate profile of Mr. Sameer Malhotra with a complete overview of the Shriram Automall India Limited (SAMIL) and its business. https://www.youtube.com/watch?v=aSj1oAY6goE

Buy Used Bikes in India

Buying a bike is quite an expensive purchase. Like any other investment one wrong move can lead to a dissatisfying purchase. This is why one has to do a thorough research on the chosen model of bike before purchase.

Owning a new model of bike may sound to be too tempting an affair, but it can leave an equally big hole in your pocket. On the contrary, used bikes furnish somewhat identical features at a much economic budget. Hence, over the years there has grown a huge demand for used bikes in India. While attempting to buy one pre-owned bike, people face a lot of dilemmas and generally look for proper reasoning and answers pertaining to the purchase of the same.

The considerable fall in the price is an important factor to justify why people are keener for buying used bikes over new ones. Catering to the major demand in pre-owned bikes, almost every small and big city in India has huge market that avails used bikes in abundance. One can select the chosen model from the display of the most reliable and trustworthy brands. One can also judge the terms of features and specifications related to the same before buying the second hand bike.

While buying used bikes in any city across India, the primary concern of the customer is to opt for the best model that suits the needs, requirements and fancies. Often people enter the market with a particular frame of mind and a pre-set inclination toward a particular bike, but they end up probably buying something that might have never even existed in their list. Such a bike may neither prove useful nor reliable for the future perspectives. Thus to avoid the situation, one must have a firm opinion and motive of buying second-hand bikes.

Shriram Automall India Limited (SAMIL) offers the most transparent platforms for buying a pre-owned bike to appease the customer’s comfort. Innovative, practical business platforms like Physical Bidding, Online Bidding, Private Treaty and Shriram One Stop, implemented with high operational integrities have been the core driving strategies in a competitive market scenario. Other than addressing the segment of used bikes in India, Shriram Automall has been ever active in terms of promoting its services and benefits in transaction of passenger vehicles, construction equipment, commercial vehicles and farm equipment as well. Regular consorted promotional initiatives keep the customers and clients updated about SAMIL’s offers and services.

As correctly said by Mr. Sameer Malhotra, “We at SAMIL, contribute to the economy in operations by bridging the gap between the buyer and the seller. Our platforms serve as the viable podium to physically inspect assets before selecting the desired choice. Secondly, a buyer purchasing an asset from SAMIL today by availing all our services is most likely be a seller tomorrow. He can come back to the same place to explore the most potential market for buyers who are eager to buy his asset...and hence goes the cycle.”

SAMIL offers the finest among refurbishment and maintenance ISO certified services for the customer’s convenience. In a nutshell, low transaction cost, better price realization, commitment of services and expert handlings at the interests of the customers have been the USP, over the years. Hence if you have been aspiring to buy a pre-owned bike, end your search right away by visiting the Shriram Automall, near you.

India All Set To Test Drive Jeep Grand Cherokee

The pre conceived idea of a jeep flashes the image of those models by Mahindra. Such has been the image that has prevailed for quite a long tenure now. But it's been lately that products from this American car maker have been in news. Now, the Fiat-Chrysler alliance is set to bring the brand here by the end of the year and the latest products look like no similar to the impression that you have had when you hear of Jeep.

The Grand Cherokee, one of the first models to make an appearance here, is, according to the manufacturer, the most awarded SUV of all times. So, what is this new-age Jeep all about?

To start with the looks, the slit-like headlamps and the aggressively shaped daytime running lamps incorporated in them are the show stopping features. Then they see the big seven-slat grille, the broad shoulders and squared-off wheel arches; jaws simply drop. So, the Grand Cherokee has a look to admire. What is surprising is that after all the drama of the nose, the rear is quite generic – it looks a bit like a Fortuner from afar. That and the massive  chrome wheels that this Overland Summit variant comes with, are the only possible turnoffs of an otherwise butch looking SUV. 

Read more at: http://www.autocarindia.com/auto-reviews/2013-jeep-grand-cherokee-india-review-test-drive-361330.aspx

Availability of Used Cars Online

India observes a huge market for used cars. These pre-owned cars tend to age over time and change hands from the first to the second, the third owner and so forth. The obvious concern, hence, has been the authenticity of such pre-owned assets. Hardly any organized platform existed in India to facilitate authentic transactions of used vehicles and equipment. Identifying an opportunity and leveraging on its experience of operating in this segment for decades, Shriram Group has launched the concept of Shriram Automall, an ideal platform for buying and selling of pre-owned vehicles, construction equipment, and agricultural equipment, second-hand cars etc.

SAMIL has widened its spectrum with its initiative of providing online business transaction platform for used cars. It is providing automobile manufacturers and it’s used car dealers an online platform to showcase and transact with their used cars online. This platform is a unique destination offering an opportunity to buy and sell used cars online from all the leading automobile brands. Aspiring customers can be comfortably placed at the cozy corners of their homes and work places and bid for their chosen pre-owned cars online at bids.samil.in.

Under the sage leadership of Sameer Malhotra, CEO of SAMIL is extending its outreach to different parts of India and by 2013; it is likely to open new branches in as many as 60 locations. 

Eye on Used Vehicle Market in India

Indian used vehicle market is expected to hot up with a lot of rank 1 brand proactively lining up their used assets in the said market. Leading brands of both cars and bikes have unveiled plans to expand in the segment.

The trend also shows that more first time drivers are looking to buying a used car and more first-hand car owners are in plans to exchange their assets within four to five years' time. Also, used vehicle market is expected to grow with many original equipment manufacturers launching their used car ventures.

With the flourish of the market for used cars and used bikes, a daunting apprehension has also been growing regarding the authenticity of the assets. Hence it becomes equally important to be knowledgeable enough about the vehicle that you are attempting to buy. A proper pre-purchase inspection is hence required.

While inspecting a used car or pre-owned bike get to your appointment 20 minutes early. The early bid not only catches the worm it might catch the seller polishing the get up like adding fluids etc. to make an engine or transmission run smoother, thereby making the asset convincing enough for selling.

More than believing on the story tellers in this particular segment of market for second hand cars and bikes, you must inspect your selected asset and must not opt for it in case of even a fraction of doubt related to the same.

Shriram Automall India Limited (SAMIL) offers the most transparent platforms to appease the customer’s comfort. Innovative, practical business platforms like Physical Bidding, Online Bidding, Private Treaty and Shriram One Stop, implemented with high operational integrities have been the core driving strategies in a competitive market scenario.

Other than addressing the segment of used bikes online and used cars, Shriram Automall has been ever active in terms of promoting its services and benefits in transaction of construction equipment, commercial vehicles and farm equipment as well. Regular consorted promotional initiatives keep the customers and clients updated about SAMIL’s offers and services. 

Upcoming 2014 Tata Vista spotted again

Upcoming 2014 Tata Vista spotted again

Tata Motors is planning to give an extensive facelift to the Indica Vista hatchback. This test-mule was spied near Coimbatore.

The Indica Vista is expected to receive a long list of cosmetic and styling updates such as a new front fascia which could be inspired by the Manza hybrid shown at the Auto expo earlier. At the rear, the tail-lamps are expected to be all-new and the current signature Christmas-tree arrangement will be ditched.  Also, the spy shots show the number plate positioned on the boot-lid instead of the rear bumper as seen on the current car.

Expect the new Tata Indica Vista to carry over the current engine range which includes a 1.3-litre diesel engine with two power output options, a 1.4-litre TDI diesel engine which is BS-III only and a 1.2-litre petrol.

Our sources tell us that the Manza will also get a similar update in near future. Tata Motors could  showcase the updated Vista and Manza at the upcoming Auto Expo in February 2014. 

Source

Also read Used cars in India and used bikes in India

TATA PASSANGER VEHICLE BIDDING EVENT, OCTOBER 2013

Shriram Automall India Limited (SAMIL) hosts yet another vehicle event with TATA Motors Finance Ltd (TMFL), one of the largest players in the industry. The exercise will be conducted at TMFL’s yard locations in Jabalpur and Secundrabad on 9^th Oct, Nellore on 10^th Oct, Indore on 11^th Oct, Vijayawada and Faizabad on 12^th Oct. Affordable price of vehicles, very low maintenance cost, high fuel efficiency, flexible seating capacity and availability of easy finance are the USPs to count, which is more likely to contribute to the success of the event.

As the Tata passenger vehicles bidding event starts for the month of October, SAMIL looks forward to a prospective convergence platform for business and commerce.

If you are looking for used tata nano, used tata magic, used cars India please visit at http://www.samil.in/tata-nano

SAMIL Platforms

SAMIL offers the most transparent platforms to appease the customer’s comfort. Innovative, practical business platforms like Physical bidding, Online bidding, Private Treaty and Shriram One stop, implemented with high operational integrities have been the core driving strategies in a competitive market scenario. Exclusive concepts of business through practical approach have been the strategies to grow on a competitive framework. SAMIL’s bidding platforms support our long-term growth and perform challenging functions to sustain efficient and a scalable growth.

SAMIL Bidding Platform

Physical Bidding platform offers the most viable option to a buyer to physically inspect the desired vehicle. The platform helps a buyer to see the vehicle, comprehend its running condition and accordingly judge the feasibility of buying the same. Taking the advantage of the opportunity of participating in a physical bidding platform, the traders may delve into better price realization.

Online Bidding helps is reaching out to the remotest locations and address customers present in various nooks and corners of the country. Interested users are trained online and over telephone prior to participation in the bidding platforms. Non-net savvy users can also participate in the event by using the proxy bidding option.

SAMIL also facilitates Private Treaty or negotiated deals between individual and bulk vehicles and equipment owners and buyers with utmost professionalism and transparency. The transaction is performed through online or offline mode.

SAMIL also offers a unique intranet based classified kiosk - Shriram One Stop, yet another augmented platform that provides real-time information about more than 20,000 pre-owned inventories available for sale and simultaneously facilitates registration of individual buyer's requirements. This is a smart initiative to preach a transparent business environment in terms of purchasing and disposing of vehicles. 

Used Construction Equipment Market in India

India aims at major infrastructure development. A massive investment is targeted to serve the purpose. Accordingly, the construction equipment manufacturing industry estimates that demand for used construction equipment would go up to around 100,000 units during 2014. This includes backhoe loaders, crawler excavators and dozers, wheel loaders, asphalt pavers, motor graders, air compressors, dump trucks, concrete and asphalt batching plants, concrete pumps, piling rigs, compactors, and mobile cranes.

Over the last 3 – 4 years used construction equipment industry in India has seen the inflow of mechanisms from Japan, USA, and Korea. Simultaneously, to survive in the air of competition, a number of domestic companies have seen expanding their scopes of diversifying their product portfolio.

According to a research report, some important trends have been identified to revolutionize the used construction equipment market. While these trends mainly focus on the growth opportunity, investment in infrastructure sector is also on the cards. The increasing dominance of price and value focused customers; deeper engagement of global equipment players in India; and increasing opportunities for exports are some of the trends that is most likely to have an impact on the industry.

To meet the ever increasing demand in the market, in the background of unfavorable monetary implications, there has subsequently grown a huge market for used construction equipment. Shriram Automall India Limited (SAMIL) operates to serve this purpose. SAMIL makes it easy for the buyers and the sellers of construction equipment in India by offering a reliable bidding platform. The company has been dealing in used vehicles, farm/agricultural equipment and machinery for a long time. The company has received a lot of positive feedbacks already and many successful events have taken place with big manufacturers as well. Interested people can log in to the SAMIL’s official website http://bids.samil.in for more information about acquisition and disposal of used construction equipment.

Read more about used vehicles India and used cars India.

USED BIKES – THE MARKET WALKER

With the same feel, redefined style and affordable quotes, used bikes continue to be the market walker in India. Step up your style quotient and drive the power of choice with the bike you long desired for; though a used one…but hardly matters when it serves several benefits!

SAMIL Offering the Most Transparent Platform

However when it comes to buying a used bike, the owner’s dissatisfaction related to the two wheeler’s performance and running condition, can trouble the next owner too. All the apprehensions and queries are quite naturally associated to buying a used bike. Hence, the person attempting to purchase, must be able to comprehend the main reason behind disposing off the vehicle. SAMIL offers the most transparent platforms to appease the customer’s comfort. Innovative, practical business platforms like Physical bidding, Online bidding, Private Treaty and Shriram One stop, implemented with high operational integrities have been the core driving strategies in a competitive market scenario.

Other Segments

Other than addressing the segment of used bikes, Shriram Automall has been ever active in terms of promoting its services and benefits in transaction of construction equipment, commercial vehicles, passenger vehicles and farm equipment as well. Regular consorted promotional initiatives keep the customers and clients updated about SAMIL’s offers and services.

SAMIL’s prudence over simplified mode of services is an effort to cater to easy understanding of customers. This directly results to wider acceptance besides expanding our reach to all the rungs of the social ladder.

Used Bikes in India

Commuter bikes and motorcycles have seen a lot of growth in the recent years. Gone are the days when a bike as basic as the Hero Honda Splendor would vindictively dominate the segment. The winds of change has brought along with it a demand for added features, improved styling and a certain inclination towards technology and performance over and above the must haves like efficiency and comfort. Aspirants with less a budget and in ardent need, have no other way than to incline toward used bikes and commuter motorcycles.

Market for used bikes

And as much as the argument may exist that the two wheeler industry is gradually moving to a higher displacement, market for used bikes continues to bring majority sales for all two-wheeler manufacturers in India. Although style is a very relative term and hasn’t quite been the priority in the past, there’s no denying the fact that in today’s day and age it is the need of the hour. Having said that, in case of used bikes, whether or not it takes preference over practicality is indeed debatable. But to say in the simplest, a fair amalgamation of both is the safest way of playing your cards.

Shriram Automall to serve the market for used bikes

Shriram Automall India Limited (SAMIL) assists in deciding the best of bikes, depending upon our concerns. SAMIL puts forth the most professional bidding platforms for buying and selling of pre-owned bikes and two wheelers. SAMIL has evolved as a pioneer in providing consolidated services to two wheelers to address the buyers and sellers of the said segment. The first of its kind initiative, SAMIL offers a plethora of services under a single roof. Right from providing bidding platforms, arranging private treaty, to services like repairs & refurbishment, finance and documentation, SAMIL takes care of all the nitty-gritty details related to the buying and selling of used bikes and used three wheelers..

USED CAR BUYING TREND

Cars as a status marker

Clinging on to the glitters of the society, cars and bikes continue to be the deciding instruments for defining class and social status of an individual. Wrapped in luxury, Gen Y flaunts a long romance with exquisite samples of cars and bikes – that claims to be an opulent charm of the nation. With the onset of some exquisite models invading in India, innumerable galleries get dressed up in an array of luxury and it is quite easy to understand why those gorgeous wheels mesmerize the futuristic air of the era.

Gen-y enthusiasts

Trimming aspirations to the basic consoles is not the option for Gen Y, to whom owning a car is more a status quotient.  For enthusiasts bearing finer tastes in terms of vehicle performance and other technological specifications, vehicle is more a lifestyle choice. While debuts in the market influence the core preference of the alike mass, innovative hybrids are also among the fascinating counts. Frenzied lovers seem to pen down cars and bikes with stupendous performance to their wish list, as they aspire to own one.

Reasons for inclination to used cars

Today, vehicles represent an ode to the most intricate craftsmanship. However, strivers who wish to add a bit of dash to their regular lifestyle and amp up social status quotient are among the go getterzzz… as a crusader of culture. While the desire to own a strong player persists in the minds, they may have to compromise on the note of monetary implications. Also, the alike-minded youth are mostly among the first time drivers for such cars, who aren’t really having their hands set on the steering. Hence the obvious inclination falls towards pre owned vehicles, which solely contributes to an equally high demand on the market for used cars in India.

Ford India hikes prices of vehicles

It was reported that this famous vehicle manufacturing company maintained a secrecy regarding the details of the vehicles to be effected by the price hike. The company showcases some of the popular models in India as Figo hatch, Fiesta sedan and the recently launched compact SUV EcoSport. The entity however revealed that the price hike is contributed by the consistently surging input costs as a result of high inflation, depreciating rupee and high interest rates. 

"Input costs have been consistently increasing and this is expected to continue for the foreseeable future. Although we have absorbed increases in costs over the past period, the situation is such that we now need to revise the prices of our vehicles," stated Vinay Piparsania, Ford India Executive Director, Marketing, Sales and Service. 

The three German manufacturers of luxury cars - BMW, Audi and Mercedes-Benz has already accounted for a rise in the prices of their vehicles by up to 5%. Mercedes-Benz had hiked the prices of its entire line-up by up to 4.5%; BMW including MINI hiked prices by up to 5% and Audi raised the prices by up to 4%. General Motors has also hiked the price of its three cars by up to Rs. 10,000. 

Mahindra Thar off-road experience

Thar rules the waves as much as it relishes tarmac as Adil Jal Darukhanawala found out after putting it through the toughest terrains in western India that too during one of the most welcomingly fiercest of monsoons last month.

 

The June-July period in my part of the world is one where once the monsoon sets in, transforms the area all around the western belt of Maharashtra into a lush green playground. I use the term playground because the myriad possibilities of tackling diverse terrain, whether on foot or horseback, not just to take in the terrain and the exercise but also experience the joy of soaking in the stunning vistas of countryside is unparalleled. However what is even more intoxicating for petrol heads like us all, is the sense of adventure once the rains thunder in gets magnified and you do want to get off the road and tackle the rough and tumble countryside, hill and dale, stream and rivulet.

 

Mahindra's Great Escape at Lonavala last month was a major catalyst in steering me towards doing more than the official escape from the humdrum regular. Held in the lush game park slam bang in front of the high profile Aamby Valley, it was all about hitting the forest trails with the rains pouring down, making it ultra slippery on rocky terrain and slushy in the muddy sections while also deep and dangerous in streams which had transformed into raging rivers. Ideal situation tailor-made for dedicated off-roaders armed with a variety of Mahindra’s - Scorpios, CJs of various hues and also of course the ubiquitous Thar.

 

Read more at :http://www.zigwheels.com/news-features/news/mahindra-thar-offroad-experience/17099/

Buy a Used Car to Suit Your Lifestyle

When it comes to buying a used cars India, we generally tend to give a priority to our fancies for luxury cars, which are available at much less a price, as compared to a brand new car. While we cannot completely overlook the temptation, we should prioritize our necessities pertaining to our lifestyle, hobbies, location, family size, purpose of use etc. Before making such an investment, it is always imperative and wise to find out the perfect option that suits every aspects and concerns.

It helps to set a budget for purchase of a pre-owned car, if we know exactly what we are looking for. This prevents a dealer from up selling a vehicle that may not fulfill our needs or pay more than we intend. We should not be frenzied with other’s possessions. While temptation is quite difficult to be controlled at moments, it is important to plan our assets according to the compatible needs of our day to day lifestyle. For example, the decision of buying a used car should depend to a great extent on the family size. If there is already a kid or two in the family or may be plans are on the cards in near future, selection of a car should be likewise. The location where we live should also be considered. The pathway and topography of roads and lanes, used on a regular basis, is an important aspect to measure the priority.

After considering all the personal concerns once we zero down on a particular car of our choice, it is absolutely mandatory to go for a test drive and check for the performance and judge whether the second hand cars, that we are opting to buy, meets our expectations. A thorough inspection on a used car is must.

Buying a second-hand car is a serious investment and hence we must be highly convinced with our selection. If there is any slightest hitch or confusion, we must give a genuine thought and research well unless thoroughly impressed.

Shriram Automall India Limited (CEO Sameer Malhotra) assists in deciding the best of vehicles, depending upon our concerns. SAMIL puts forth the most professional bidding platforms for buying and selling of pre-owned vehicles and equipment.

SAMIL Newsletter CONNECT August 2013

SAMIL Newsletter "CONNECT" Volume 2

To keep you updated on the latest happenings at SAMIL
It gives an insight into the events, inaugurations, milestones, collaborations and several activities

For Newsletter Click on the Image Below:

Shriram Automall Newsletter "CONNECT" Volume 2 - August 2013

PASSENGER VEHICLES MARKET IN INDIA

India shows a highly potential market for passenger vehicles. While owing a vehicle is considered a mandatory affair in India, the market for the same witnesses a major inflow of demand. Apparent economic slowdown might have obstructed the flourish of business from time to time, but the market has seen a reinvention of scopes in favorable economic background. The surge in the demand for passenger vehicles has often climbed up to a much considerable height, consecutively drawing the interests of manufacturers, investors and dealers of countries beyond Indian terrain.  

With a hike in the demand of passenger vehicle in India, there has been a wide spread in the availability of powerful models that excel in terms of performance and appearance. While such cars are increasing in count, they leave a sheer alluring impact to the target customers in the market. However, the sale of a brand new passenger vehicle may vary owing to the diversity in the nation’s economic graph. The inevitable reasons behind a negative impulse in case of purchasing a brand new passenger car can be the high inflation and interest rates at a background of economic downtrend and uncertainty in the job market. Hence, quite likely people turn to purchasing second hand, pre-owned passenger vehicles.

Shriram Automall India Limited makes car trading easy for the buyers and the sellers by offering a reliable bidding platform. The company has been dealing in used vehicles, farm/agricultural equipment and machinery for a long time. At present the entity is dealing in passenger vehicles, 2 wheelers, 3 wheelers etc. The company has received a lot of positive feedback already and many successful events have taken place with big manufacturers as well. Interested people can log in to the SAMIL’s official website http://bids.samil.in for more information about acquisition and disposal of used cars. 

How to sell a used car?

India has a great potential market for used vehicles. While buyers are many, the count of sellers isn't also lagging behind. However, to sell a used cars, certain diplomatic and to a little extent manipulative approach needs to be followed.

The first and foremost priority that needs to be taken care of is to enlist all the positive aspects of the car that you are attempting to sell. The vehicle may be too old but may just feature some of the best performances. Make sure you highlight these to promote your product for sale.

If the positive aspects outnumber the negative or the poor performing features, your quotation of price can ideally be on a little higher side. The price quotation however, also depends on the count of years. Make sure your suggestion on the price range justifies the performance status as well as the years of usage.

You may attempt to promote your used car through a dealer. Advertising your car online through trusted and authentic websites is also a smart option. Spreading the message through words of mouth also acts well many a times. Advertise your car through as much possible medium for quick and random responses.

After walking the path of all these promotional ways, once you are in terms with a prospective buyers, be convincing yet diplomatic enough. In the middle of everything you must not take your customer’s knowledge for granted either. Generally, people attempting to buy a car, are well equipped with the required knowledge and a know-about of the car’s database. There should not be any fake commitments and exaggerated information from your end. The negotiations and settlements should be done at the mutual interest of the buyers and the sellers. Well, as they say, its always Survival of the Fittest. You ought to pave your way out to a satisfying selling budget by using the best of your persuading skills. 

Shriram Automall India Limited assists in deciding the best of vehicles, depending upon our concerns. SAMIL puts forth the most professional bidding platforms for buying and selling of  used cars India and vehicles.

Shriram Automall, a trend-setter in Transport industry

India is one of the most progressive nations in the world. While the country has a rich industrial base supported by massive infrastructure on the one hand, it has diverse transportation system catering to billions of people, on the other. Studies point out that the sector contributes more than 5.5 per cent to the nation’s GDP, with road transport having a major share. Knowing that the economy thrives on logistics, infrastructure and agriculture, Shriram Automall India Ltd. (SAMIL ) realized that the opportunities to contribute to the growth of the State are infinite.

The Indian automotive industry is like a “rising sun” and is one of the world’s fastest growing markets for

manufacturers. Be it passenger cars, two-wheelers or commercial vehicles, India is a key market. The country is seen as an export hub for SUVs. India has also witnessed rapid growth in farm equipment. As agriculture upholds the nation’s growth, increasing demand for farm vehicles is inevitable.

The key drivers of any industry are the common people who form the base of the pyramid. Similarly, for the transport industry, contractors, transporters, drivers and farmers toil day and night to make a difference in every aspect. In a unique endeavour, India’s largest player in commercial vehicle finance, Shriram Transport Finance Company Ltd. (STFC) devised a transparent and customer centric platform for transaction of used commercial vehicles and agricultural equipment. Identifying an opportunity and leveraging on its experience in the segment for decades, the Shriram Group has launched the concept of

SAMIL which happens to be the country’s only organised player today. On February 26, 2011, SAMIL opened its first unit Automall in Chennai. It was inaugurated by then Union Minister for Home Affairs, Mr. P. Chidambaram. The enterprise since then has been a source of prosperity to numerous contractors, fleet owners and farmers who explored the benefits of pre-owned vehicle and equipment with Shriram Automall. The company today boasts of full-fledged Automall facilities in 24 key locations across India. Going by the industry’s observations, the Indian infrastructure industry has the biggest potential for growth and opportunities for investment. Based on the sizeable growth potential, 

Click here to read more!

THREE WHEELERS IN INDIA

Three wheelers have been quite popular as light weight commercial vehicles across different nations in the world. Piaggio first came up with the concept and introduced Ape Piaggio in 1948, a 3-wheeler goods carriage. 

3 wheelers come in the form of vans and pickups for load and even as a local auto rickshaw widely facilitating human transportation. These types of used vehicles are designed keeping public convenience in mind.

The Ape is a common sight on roads. The compact size allows it to penetrate through the narrow city lanes and park virtually anywhere.  In India, similar looking vehicles have been manufactured by Bajaj Auto, Vikram and Mahindra as well. Among vehicles of this genre, auto rickshaws are most common in India, which is further followed by goods carriers and small auto tempos.

Sameer Malhotra CEO at Shriram Automall provides the right platform with all the customer-friendly allied services to buy and sell such three-wheelers. Interested people can log in to the SAMIL’s official website http://bids.samil.in for more information about acquisition and disposal of pre-owned three wheelers in india. 

Will You Like the Upcoming Hyundai’s Compact SUV to Look Like This?

This is the segment where every car manufacturer wants to focus on. The latest being Hyundai Motors India Ltd. which is expected to bring their unnamed gladiator to the fight against the very successful Duster and EcoSport.

This Hyundai’s SUV has been previously seen undergoing testing in Korea as well as in China and is expected to be Ford EcoSport’s biggest rival here in India when it finally arrives sometime in 2014.

The SUV is expected to share many of the Sante Fe’s styling cues such as the hexagonal front grille and similar profiles. It will probably borrow heavily from the concept car displayed at the 2011 Detroit Expo. Neither is a bad thing as we feel both are smart-looking cars.

For other details please visit Motorbash

Also read:

India to be world’s 3rd largest automotive market by 2016: HIS

What is Private Treaty Sale?

BUY USED TATA NANO IN KURNOOL

Starting right from a front seat headrest, a recliner driver seat, front assist grips, low fuel warning lamp, folding rear seat, the TATA Nano has a variety to offer. It will not be fair to compare the car with a huge one, offering various luxuries. However, it quite reasonably suits the basic concerns of driving. Aptly described as the city car, TATA Nano furnishes the best of features related to convenience of usability of a driver. The external as well as internal structure is really appealing and has a sophisticated touch. While it was launched by Tata Motors as an affordable car, commonly appealing motorcycles riders of India, the success story gave the business an altogether different shape. Meant to pamper the driver’s fancies to a great extent, TATA Nano survives the market competition as a cozy car, ideal for random driving. The vehicle caters to the interest of the aspiring learners and even to small families. 

However, the option of affording a brand new Tata Nano car may not prove to be viable to all. The market of used cars has, hence, flourished as an equally popular platform in Indian context.  Catering to the interest of second hand transaction, Shriram Automall India Limited (SAMIL) is hosting a physical bidding platform for used Tata Nano in Kurnool, where Tata Nano Cars will be displayed. It is imperative that a person would like to physically inspect the car before opting to buy the same. This would be an ideal platform for buyer to see the vehicle, comprehend the running condition of its engine and accordingly judge the feasibility of buying the same. 

Used tata nano in Vijayawada: 14-Aug-2013
Contact Details: 9704184786 / 9908499226

Used tata nano in Ahmedabad: 17-Aug-13
Contact details: 9879538799 / 9909918182

Used tata nano in Kurnool: 19-Aug-2013
Contact details: 9849981425 / 9440332323

For more details please visit https://www.facebook.com/ShriramAutomall or CALL US at 1800-102-4141 or 011-41414444.