Used cars showcase stronger growth in current fiscal

The pre-owned segment of cars is expected to showcase a growth by 15-18% in this financial year. Within this segment, the organised sector is witnessing a growth by 40% annually. At present, 15% of transactions take place in the organised sector of pre-owned cars; rest of the transactions takes place in unorganised market.  

The next five years in automobile industry are going to observe double size for used cars market in comparison to the new cars. And, that means the pre-owned segment of cars will carry out a sale of 5 million units per annum by 2019/2020.

Reasons for growth
•  A strong growth of around 14% from 2007-08 to 2011-12 in new car segment, which further lead to huge used cars’ inventory
•  Change in consumer behaviour with reference to vehicle ownership. The duration of 5-8 years before replacement has gone down to 3-4 years.
•  Decrease in the difference between diesel and petrol prices has enhanced demand for pre-owned diesel vehicles.
•  A low population of pre-owned diesel cars

At present, around 2.5 million pre-owned vehicles are disposed in a year which takes the value of industry to over Rs. 40,000 crores.

Don’t think much, simply go for used cars!

When it’s about used cars, one cannot just depend on the first option for purchase. Obviously, a lot market research goes into the task in order to realise best out of the money. A better understanding of the vehicle and various other options available in the market helps in making a better decision which leaves no scope for regret in future. Never assume that if the car is not new that means you cannot expect good quality at a nominal price. In used cars category also, various options are available which can be relied upon for great performance.

Over the time, it has been observed that the used cars industry has grown at a fast pace. If you wish to crack best deal in this sector, it is mandatory for you to explore almost every outlet and develop a skill of negotiating over prices. But, always remember that even if a used car looks perfect in condition, that doesn’t mean it is not going to face any problem in future. We need to be extremely cautious while checking a used car’s condition. It is always wise to take help from an expert. He/she will be able to guide you properly.   

Always remember that purchasing a used car is at not all a bad option. In fact, used cars are the most attractive and reliable vehicles on road. Also, there are various options available in the market, which don’t look like an old car. So, always go for the used cars when budget is a constraint for you.   

Shriram Automall India Limited (SAMIL) offers a wide variety in used cars. For any brand in this segment, you can simply visit one of its Automalls or visit its website, www.samil.in

“With every passing day, we make consistent efforts in designing the most satisfying form of our offerings. In our wide range of used vehicles and equipment, used cars are an important part.” – Mr. Sameer Malhotra, CEO of SAMIL

Most Economical Cars in India

If we take a look at the Indian market of cars, there is a massive flood of compact cars. The reason of their presence in huge quantity is their economical nature. People find them a great value for money that they spend on it. Let’s explore the top cars in India, which people prefer while keeping budget into consideration.

·         Maruti Alto 800 LXI (Airbag)

This car is the most popular car in entry-level segment with an attractive exterior. While carrying a larger legroom and headroom, it captures the most comfortable expression in its interior. For the safety purpose, it contains an airbag as well. A huge section of Indian population rides on it daily. In fact, the pre-owned segment of this car is also very prominent.

·         Hyundai EON Sportz

This car has been especially designed with specific features that perfectly satisfy every whim and fancy of Indians. Equipped with all the standard features, this is a perfect pick for an economical purchase in cars. Its pre-owned segment is also quite prominent.

·         Maruti Suzuki - Wagon R 1.0

After Alto, this is known for having second largest sale in India. People prefer it more because it is not only a stylish car but is also equipped with a spacious interior. Its attractive features make it a perfect buy for people.

The current scenario showcases a great demand for used cars in India in comparison to the new ones. People generally prefer them as they are earned by spending less money.

Shriram Automall India Limited (SAMIL) serves a wide variety of pre-owned cars on its most transparent bidding platforms. To carry out the operations of acquiring and disposing used cars in India, the company has its various Automalls constructed across the nation.

“At present, India is witnessing a huge demand for pre-owned cars. Keeping the market scenario into consideration, SAMIL caters to every trend with utmost passion in its bidding operations across India.” – Mr. Sameer Malhotra, CEO of SAMIL 

Nissan Eyeing On Datsun To Increase It’s Sales

Nissan Motor Co. is optimistic about low cost Datsun brand which could help in increasing its sales in India. Datsun Model – the “Go” hatchback with a price range of INR3.12lacs to INR3.70lacs, will be competing with India's crowded small-car market, which includes Maruti, Suzuki's popular Alto 800 hatchback.

By the end of February Nissan has captured 1.4% share in the local passenger vehicle market.

Nissan is targeting to acquire 10% share of India’s passenger vehicle market by 2017, which has already been delayed due to fall in sales of domestic cars in the economy.

The latest trend in used cars market in India

With a great demand generating in , the new cars market has taken a back seat. Due to more awareness amongst people about every latest trend in used cars market, this sector of automobile industry is booming at a fast pace.   

The current scenario in automobile industry showcases a great demand for used cars in India. On comparing them with new cars, graph appears to shift more towards used cars in India. That is because; people now have more clarity in terms of used cars market. Today, this business is getting shaped into a structured format with major players conceptualizing well organised platforms to carry out their operations.  

In India, a major section of the population prefers used cars over new ones. If we look into a scenario in which a nearly new car is compared with its same version in absolutely new car category, definitely the choice will bend towards the used one. This is because; the second hand car is already loaded with the same features and functions and its price is also less than the new version. In such a case, a person will always go for the pre-owned version.

Read more at:  http://articles.pubarticles.com/how-to-know-an-overview-on-used-cars-in-india-1395225372,1352810.html

Infosys to develop software app for Volvo cars

Infosys has won a contract from Volvo cars to provide software application development services for the auto major's global operation. 

The multi-year contract will include developing technology applications to support Volvo's marketing and sales, customer service, manufacturing and product development functions.

Steps of Searching Used Cars in India

In search of the most appropriate used car in India, it is necessary define a good start for its process. Like it is said, well begun is half done; a great beginning will always yield excellent results in the end. It will not only save your time but also help you in spending very apt amount on the used car, purchased. Here are 3 simple steps that will make your search of a used car in India absolutely easy and convenient.

·         Visit World Wide Web

Instead of roaming around from one dealer to another, you can check out a wide variety of used cars in India online. This is the most easy and quick way of searching a pre-owned car in India.

·         Be ready with your questions

Before you get in touch with any dealer for a second hand car, make sure that you are ready with all the questions that will help you in arriving at a better decision. Decide in advance, which car you want to purchase and what all specifications you want in it.  

·         Make Choice

Once you have answers to your question, choose one or two options as per your requirement. Do not forget to check everything before making a purchase. This will help you in staying away with further expenses in case of a problematic car. Never rely on the information received on telephone or internet. It may not be always correct. Do visit the location and check the used car in person. In case, you do not have technical knowledge, you can take the help of some technical person also.   

Shriram Automall India Limited offers a wide variety of used cars in India. On its various bidding platforms, it connects buyers and sellers in the trade of pre-owned vehicles and equipment.

“While facilitating the trade of pre-owned cars in India, we aspire to realise every dream of our customers. With sheer transparency in our offerings, the objective is to share the most committed services in automobile industry.” – Mr. Sameer Malhotra, CEO of SAMIL

An Insight into Used Cars in India

How many cars on roads are new cars? Well, the question is tricky but the answer is very simple. Almost 100% cars on Indian roads are used cars. That’s because, once a car is driven off from the dealership store, it loses its value. Keeping the market scenario into consideration, used cars in India have won the race over new cars. There are various advantages in going for pre-owned cars. That’s why I prefer them over new ones. Let me share some tips on the purchase of used cars in India with reference to my recent experience in the same.

• Decide your budget

Once you have made up your mind to purchase a used car, decide your budget. In case of buying a pre-owned car, it is not necessary that you need money for just purchasing it. There are chances that you may have to spend some extra amount on its repairs. So, include such expenses in your budget.  

• Market Research

After getting sorted with the budget, do a research on what all options are available in the market for used cars. You can also get associated with some companies that offers used vehicles. For my second hand car, I got associated with Shriram Automall India Limited. It was an extremely satisfying experience in every aspect.

• Check condition and price

While selecting your second hand car, make sure that it is in an apt condition to ride on roads. Also, check its price as per the market trend. Do not arrive at a decision before being sure about every aspect, so that you don’t regret in future.

Shriram Automall India Limited facilitates a wide variety of used vehicles, including cars as well. Along with world-class services, it provides best prices in used vehicles.  

   

“Through our Auto venture, we serve a huge variety in some of the best brands in cars segment. In our every association with customers, we aim at realising their each dream with utmost passion.” – Mr. Sameer Malhotra, CEO of SAMIL

How to Purchase the Most Appropriate Second Hand Commercial Vehicle

If you wish to begin your own business, purchasing a second hand commercial vehicle is the best way to give a kick start to your journey ahead. People must take the decision of choosing a used commercial vehicle keeping different features, safety aspects and prices in mind, so that it fits every business requirement. Let’s see how we can make the most apt purchase in case of a second hand commercial vehicle.

·         Hunt for a pre-owned commercial vehicle online as this medium is flooded with a lot of options. There are various reputed sites serving a wide range of second hand commercial vehicles. You can look for local online advertisements as well. There are various private sellers also present on such platform. This helps in making the correct choice out of various options served.

·         You can visit the local dealers of your area with reference to their details in a local newspaper or community directory. Make sure that you explain them your requirements correctly. Do not forget to go for a test drive before you make the final decision.

·         You can also attend an auction for a used commercial vehicle. Information regarding this can be obtained from a dealer in your area.

·         When you have decided to purchase a particular second hand commercial vehicles, conduct a proper research on its price. Do not blindly agree to the price. Let your decision be based on a proper research.  

Shriram Automall India Limited serves the most organised and transparent bidding platforms for the trade of second hand commercial vehicles in India. With world-class services, the company offers a completely unique experience to its customers.

“The pre-owned commercial vehicle segment of our company is served with an extensive variety, which caters to every need of our customers. Besides this, we also offer used construction equipment, tractors, cars & SUVs, 3 wheelers and 2 wheelers to serve as one stop solution provider for every need of our target audience.” – Mr. Sameer Malhotra, CEO of SAMIL

India’s 1st CRDe tractor, launched by Mahindra

The Farm Equipment Sector of Mahindra & Mahindra introduced a CRDe (Common Rail Diesel Engine) tractor, namely Arjun 605 MAT.

Being the first company in India to launch this technology in tractors, it is now going to serve better fuel efficiency along with great performance in terms of high-end applications that go into the tractor’s agri and haulage usage. 

Trading of Pre-Owned Cars in India

The disposal of pre-owned cars in India requires everyone to be extremely cautious while carrying on with a deal. In order to extract maximum value out of the transaction, it is vital to take care of every aspect that contributes into the same. Although, the process involved in the sale of used cars in India is not that complicated but still, it requires great attention even in the minutest details of the transaction. This is because; a single mistake can cause huge loss of money. Here are some of the tips that can ensure the most effective deals in this trade.

• Get associated with an expert

Getting in touch with an industry expert for the disposal of second hand car is wiser than doing it yourself. With extensive knowledge on such kind of trade, these people help in getting best market price realisation for a used car in India. Also, they will serve a wide range of customers for your pre-owned car which is not possible at your personal level.

• Advertisement

Pay proper attention to your advertisement while incorporating every element that portrays the best picture of your pre-owned car. Include images from different angles along with maximum information on its present condition. But, that does not mean that you can exaggerate its condition. It gives a bad impression and this way you will never be able to dispose your pre-owned car.  

• Repair

If you think that spending some amount of money can result in realising more value for the used car, then it is a wiser option to get it done. That will also ensure quick disposal of your pre-owned car.  

Shriram Automall India Limited (SAMIL) caters to the used cars segment of automobile industry through its well-structured and transparent bidding platforms. While incorporating allied services in its offerings, the company makes the experience of its customers extremely beneficial.

“At SAMIL, every association is structured on the bedrock of transparency and utmost commitment. Through a wide variety of used vehicles and equipment, we aspire to serve every dream of our customers.” – Mr. Sameer Malhotra, CEO of SAMIL

Tata Motors rolls out 10 trucks under ‘Prima’ brand

With an aim to tap the mutiaxle segment of trucks industry that accounts for 65% of sales in India, Tata Motors launched its range of ten low-priced trucks under its Prima brand.   

The new range, named Prima LX, incorporates 6 heavy trucks for haulage segment and 4 trucks for construction purpose. It is 20% cheaper in comparison to the Prima range and produced at the company’s Jamshedpur plant. 

The new range is priced between Rs 18.5 lakh to Rs 32.5 lakh and with its addition the company aims at increasing its market share in medium and heavy duty trucks which is generally between 64-67%.

In the upcoming three years, the LX range is expected to account for 10-15% of the company’s truck business.

Suggested Readings: 
Used Trucks

Tips on purchasing second hand commercial vehicles

Most of the businesses prefer used commercial vehicles over the new ones. The reason is very obvious and that is cost. Especially, the start-up businesses go for used commercial vehicles as the money they save in this kind of purchase is utilized in other requirements. Since there is a great risk involved in the trade of used commercial vehicles, it is necessary to be cautious at every step of the trade. Here are some tips to extract the most fruitful deals in the purchase of second hand commercial vehicles.

·         While inspecting a pre-owned commercial vehicle, check out the condition of its oil. It talks a lot about the complete health and condition of the used commercial vehicles you are about to purchase. Always remember to take past records of the second hand commercial vehicle from previous owner.

·         Properly check out the body of a pre-owned commercial vehicle for rust. Never take this aspect for granted. Generally, people do that and always end up making a wrong purchase. Your investment will be a complete waste if you neglect a rusted body of the second hand commercial vehicle.

·         Do not forget to ask for service records. These records help in calculating exact worth of the used commercial vehicle. It is also important to check the authenticity of records. The VIN in it must be similar to the vehicle.   

·         While you go for a test drive of the used commercial vehicle, do not forget to check its suspension. It is vital for suspension to be in good condition in order to make the investment worthwhile.

If you wish to acquire or dispose a used commercial vehicle, do not forget to take a look at what Shriram Automall India Limited (SAMIL) has to serve through excellence in this kind of trade. With transparency and authenticity in its deal, SAMIL facilitates a wide range of pre-owned vehicles and equipment - Mr. Sameer Malhotra

Used Cars in India –Booming Incredibly

Catering to the remarkable growth of used cars in India, Shriram Automall India Limited serves the most transparent and effective bidding platforms to facilitate their trade.Various manufacturers and their dealers have built a strong association with the company to dispose their used cars in India. Visit www.samil.in for more information about it.

The market of used cars in India is facing a remarkable growth in comparison to the new ones. And, this trend is aptly justified by a lower sales figure for new cars along with higher discount rates. In such a scenario, government makes its contribution towards demand generation by cutting down excise duty. But if we look at the state of used cars in India, the market is booming at a significant pace.

While discovering an opportunity in the same segment, Shriram Automall India Limited (SAMIL) facilitates the trade of used cars in India. Through its transparent and organised bidding platforms, including Physical Bidding, Online Bidding, Private Treaty and One Stop Classified, SAMIL brings the buyers and sellers together from around the country. Its recent initiative, Auto, is exclusively dedicated to used cars in India. Various manufacturers and their dealers, like TATA, GM, TOYOTA, have been associated with the company to dispose their exchanged, trade-in cars, unregistered, demo and display cars. While taking these associations further, SAMIL has conducted several physical bidding events in different locations, such as Mysore, Mangalore, Bengaluru, Delhi, Hubli, Coimbatore, Tamil Nadu, Calicut, Vijayawada, Raipur and Nagpur. The success ratio of these events is justified by its aggressive marketing strategies that go into the execution process. Through innovative promotional activities, it attracts a wide range of audience in its events. Keeping the aspirations of target audience in mind, every communication is designed effectively to mainly attract the end-users of used cars in India. By scheduling these exclusive events only on the weekends, the company enhances the footfall to a great extent. As a result, its every event becomes immensely prominent amongst potential buyers.

Apart from physical bidding, SAMIL ensures maximum certainty of sales through its other bidding platforms. While offering a wide range of pre-owned vehicles and equipment, SAMIL’s bidding platforms have been adopted by almost every brand in the automobile industry. The online bidding platform of SAMIL serves as the most easy and instant platform in terms of market reach. With every minor detail about inventories available, this platform helps masses in striking the most-suited deal for them. Through its private treaty platform, SAMIL bridges the gap between buyers and sellers in terms of negotiations. Its one stop classified is a virtual platform with exhaustive information on available inventories. Through a user-friendly interface, this platform scores high in terms of usage.

Ruling the aspirations of youth, cars will continue to be a substantial part of automobile industry. To maintain status, youth always go for the premium brands in automobile industry. But these desires lose all hopes when money comes into the picture.

This scenario has contributed immensely in grasping demand for used cars in India from that segment of the society and SAMIL is going to serve that demand with its growing steps towards pre-owned cars market in India.

On the grounds of fairness and transparency, it boasts of more than 100 bidding locations inclusive of 31 well-structured Automalls and aims at 60 Automalls in 2014. Sameer Malhotra.