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.

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.

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.

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.

Current Trend in the Trade of Pre-Owned Vehicles in India

Around a decade ago, when automobile industry did not incorporate the presence of organised players, most of the used vehicles in India were disposed on a customer to customer basis. In fact, if we take a look at used cars, more than 60% of its sales were conducted within family and friends while the remaining was carried out through unorganised dealers. But now, the scenario has completely transformed. More and more well-structured players have taken a prominent place in the customers’ heart while serving them something which is of true value for their money.

Shriram Automall India Limited (SAMIL) is one such organised bidding platform that not only facilitates the acquisition of used vehicles in India but also plays a substantial role in their disposal. Beginning its journey in 2011, the company has bridged the gap between the buyers and sellers of pre-owned vehicles and equipment that too in the most transparent manner. Moreover, the company has also added various allied services in its portfolio, such as New Look, Parking, Valuation and Easy Finance, which gives it an edge of being a complete solution provider in the pre-owned vehicles’ business.    

“At SAMIL, we aim at consistently upgrading our bidding platforms, including Physical Bidding, Online Bidding, Private Treaty and One Stop Classified, to serve a simply incredible experience in the acquisition and disposal of pre-owned vehicles in India.” – Mr. Sameer Malhotra, CEO of SAMIL.

Online Car Bidding – A Perfect Blend of Comfort and Convenience

The way cars are gaining prominence amongst the masses, the industry is working relentlessly on extracting different yet exciting ways of its acquisition and disposal. Online car bidding is one such method of acquiring and disposing pre-owned cars, which is now quite famous amongst the younger generation of our society. Currently, various companies facilitate online car bidding under their offerings. But, if we are looking at the most organised and transparent form of online car bidding, then Shriram Automall India Limited (SAMIL) is one such company on which we can completely rely on. 

If you wish to acquire or dispose a pre-owned car and do not have the time to visit a dealer, then simply visit http://bids.samil.in and get acquainted to an exciting space online. Once you visit the site, the company will provide free online training. Post that, you just have to make a choice and bid the highest amount on it. Moreover, all this can be done while sitting at home itself. Apart from online car bidding, the company also carries out bidding of other used vehicles and equipment online.

“Online car bidding at SAMIL is a complete value-for-money platform for acquiring and disposing used cars. While targeting the younger section of the society, we have incorporated every element of comfort and convenience in our online bidding events.” – Mr. Sameer Malhotra, CEO of SAMIL