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,
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