Friday 16 May 2014

Narendra Modi-led government, expected to bring reforms in auto sector

India is all set to experience a new era with the renewal of government. While Narendra Modi takes the charge of Indian government system, here's what the automobile industry expects out of the system:

·         No change in the current excise duty.
·         Faster growth rate in manufacturing.
·         Improvement in customer sentiment.
·         Fall in interest rates to make vehicle financing attractive for the customers.
·         GST and DTC implementation.
·         A speedy pick up of stalled infrastructural projects.
·         Initiatives to enhance footfall in auto dealerships.

·         More job opportunities.

Monday 12 May 2014

Shriram Group to Expand its Automall Business in Big Way


Shriram Automall India Limited (SAMIL) records a great response from its customers, mainly small truck operators, along with around transactions of one lakh vehicles valued at about Rs 1,500Cr in last year, conducted through its platforms. The company has drawn up an aggressive expansion plan and will soon start handling two-wheelers also.

The SME segment (including truck owners having up to five vehicles and small retailers) currently contributes around 35% of the business, while the balance is from banks, dealers and original equipment manufacturers. "Over the next few years, we want to take the SME segment's contribution to around 60%," quotes Mr. Sameer Malhotra, CEO of SAMIL.

Traditionally, small truck owners rely on the unorganised sector, where not only is transparency an issue, but customers are often taken for granted.

 The second-hand sales market is currently estimated at Rs 1-1.2 lakh Cr.

ü  Of this around Rs 30,000Cr comes from trucks
ü  Rs 15,000Cr from construction
ü  Rs 15,000Cr from tractors
ü  And the balance from cars and two-wheelers.

A major chunk of this business is in the hands of the unorganised sector. To tap this market, the Group decided in 2011 to set up Automall, which incorporates all the elements of a physical bidding platform.

Physical bidding offers scope for networking, as various traders participate in the event and share information on market trends. More than 100 physical bidding events in over 100 locations take place across India, resulting in sales of more than 6,000 vehicles every month.

In 2013-14, bids were placed for one lakh vehicles worth Rs 1,500Cr, up from 60,000 vehicles worth Rs 850Cr in 2012-13.

Thursday 8 May 2014

Shriram Automall pumps up the heat in Chennai with biggest automobile bidding event


Shriram Automall India Limited (SAMIL) conducted the biggest used vehicles and equipment bidding event in Chennai. With huge rows and columns of used cars, tractors, commercial vehicles and construction equipment, the event made a mark for its massive magnitude.

As a pioneer for introducing well-structured and transparent physical bidding platforms that facilitate the acquisition and disposal of used vehicles and equipment in India, SAMIL bridges the gap between buyers and sellers to facilitate value-for-money transactions between them.

The company has already set up 13 Automalls and around 50 bidding locations in South India and is expected to launch Automalls in Kannur, Mysore, Salem and various other locations. 

Stay tuned at : https://www.facebook.com/ShriramAutomall

Second Hand Cars Scenario in India

The kind of lifestyle that we all have adopted today has an imperative space for cars. The luxury has now been transformed into a necessity and various Indians prefer replacing their car every year. This scenario has somehow tremendously contributed in uplifting the second hand cars market in India to a great extent. People generally follow the trend of approaching a dealer or direct individuals for second hand cars in India. But, now this trend is gradually facing modification after the introduction of Automalls in the country. Shriram Automall India Limited (SAMIL) is the first-ever company in India to serve an exciting bidding platform to facilitate the exchange of second hand vehicles. It has spread the reach of its Automalls; pan India, with a mission to serve the most transparent form of deals in the second hand cars segment of Indian automobile industry.
Within in these Automalls, live bidding of second hand cars takes place which further facilitates in better price realisation of the assets. If you wish to acquire or dispose a second hand car, you can also visit www.samil.in.

“A major portion of our youth in India prefers a pre-owned car as their first wheels to ride on. Keeping their lifestyle in mind, we serve a wide variety of used vehicles and equipment in our online bidding events as well.” – Mr. Sameer Malhotra, CEO of SAMIL.

Thursday 1 May 2014

Tata to introduce India's 1st AMT diesel car at an affordable price

Tata now plans to shift from the 'most affordable' to the 'first affordable' tag by creating its route in the growing AMT car space. The company is going to give India its first diesel-powered automated manual transmission car at an affordable price.

As per the company sources, the future cars of Tata are going to incorporate advanced technologies from Harman. This system includes car-to-mobile phone interface and in-car connectivity applications.

Apart from Tata, a number of other car makers are trying to get into the AMT cars range, following the success of Maruti Celerio.