What to look for in pre-owned cars of India?

Pre-owned cars market in India is experiencing the most fruitful phase of its journey. From Tata Nano to Mercedes, every brand is spread across the market. It is difficult to give credit to a single reason for this booming period as there are so many in the list, including

·         Low Cost

·         Easy Financing

·         Less Depreciation

·         Availability of Better Models

With the entry of major players in used cars of India, the market has evolved tremendously with lucrative incentives for the buyers. Apart from these, pre-owned cars in India are now available in one year warranty. This is yet another key attraction to this market. Despite of these advantages, it is imperative to check following aspects in a second hand car.

Brand: Do not forget to carry out research on a brand’s generic maintenance track.

Cost: While you make your decision, put in efforts to recognise the running cost of your second hand car. Also, take care of its spare parts and their price along with its resale value.

If you are looking for some credible source for your next second hand car, do not forget to get in touch with Shriram Automall India Limited (SAMIL). The company offers various pre-owned vehicles and equipment on its bidding platforms.

“With our used cars segment, we cater to the dreams of our country’s youth. That’s why we have best brands in the market for our customers.”  - Mr. Sameer Malhotra, CEO of SAMIL

Interview with Mr. Sameer Malhotra, CEO, Shriram Automall India Limited (SAMIL)

Delhi: Why do you think customers will want to come to Shriram Automall?

First and foremost reason would be the transparency of the bid. Also, we have so much of options are available for the customers to choose from in one place. And in the auction, the prices of the vehicles are fixed according to what we think people are willing to pay in the market.

How has the growth been for SAMIL?

There is no de-growth as far as we are concerned. We are growing 50% year on year currently across all the segments and we expect to maintain the same pace this year also. De-growth is present in the new cars and commercial vehicles segment but not in the used car segment. There is still more demand for used vehicles as people are willing to go for used cars to save money. While people are still conservative about used cars, the demand is there.

Read more : http://www.cardekho.com/india-car-news/interview-with-mr-sameer-malhotra-ceo-shriram-automall-india-limited-samil-13207.htm

General Motors and Force Motors got new launches for the industry

General Motors India introduced its compact car, Chevrolet Spark at a price between Rs. 3.44 and Rs. 3.99 lakh (ex-showroom Delhi). It is equipped with additional
features, including

• Outside rear-view mirrors
• Integrated turn signals

Apart from this, the much awaited Force Gurkha from Force Motors is
all set to be launched in India from September 2014.

The vehicle will be available at Rs. 8.25 lakh in its hardtop variant and
Rs. 6.25 lakh in its softtop variant. (ex-showroom Pune).

Used Cars Online – The In Thing!

How about your next car drives into your parking space from the realm of World Wide Web? Sounds like the magical world from Harry Potter? Well, it’s the magic wand of new media infusing mega stores and dealerships into your computer, laptop and mobile phones. While sitting on your most comfortable couch, you can purchase the entire world with ease and convenience. For the people, who are all set to purchase their first car, which is most probably a used car, online medium is now an enticing platform to carry out your search.

Used cars online are just like the ones parked in a dealership showroom and belong to the top brands of our industry. Now, how to buy a used car online? Internet is flooded with various online portals, offering second hand cars. Various automobile companies have entered into this domain while identifying a huge potential in terms of profit.

Shriram Automall India Limited (SAMIL) has been serving as a major player in this area. On its online web portal, the company facilitates an exciting way of acquiring and disposing used cars online. It carries out bidding events on a regular basis in which all the brands are served in its used cars online category. You can log on to bids.samil.in to participate in any of its bidding events.

“With our used cars online, we target mainly the youth of our society. Bidding as medium to acquire a pre-owned car online will be quite interesting for our younger generation.” - Mr. Sameer Malhotra, CEO of SAMIL          

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