Shriram Automall India Limited (SAMIL) which is backed by Shriram Group & CarTrade and is India’s largest platform for pre-owned vehicles & equipment has been prompted by Coronavirus to shift to customer friendly digital solutions including launch of online vehicle trading platform “MySAMIL” app to win over the business threat during India lockdown.
“Indian Government has recently declared a three-week nationwide lockdown to have a control over further spread of coronavirus. Since then, business through Physical Bidding had come to a halt and over Rs 1,000 crore assets have got stuck up for liquidation. So SAMIL introduced digital solutions to buy & sell used vehicles & equipment without any major interruption of corona virus.“ said Mr Sameer Malhotra, CEO of Shriram Automall
“The company has shifted with innovative technology and customer friendly digital solutions to win over the business threat during India lockdown. MySAMIL App introduced by the company Provides multiple digital solutions like Desktop Live Physical Bidding and helps prospective customers to participate at physical bidding events. “ said Mr Malhotra.
“With introduction of new APP , the existing Customers can join at Desktop Live Physical Bidding by visiting www.samil.in. Customer needs to go to event calendar and needs to click on add to cart option to complete remaining process to participate at the specific event. Customer can also participate at multiple bidding events at a time by saving both time and energy through this facility.
Customers can also participate at events from anywhere in India as per their comfort through MySAMIL App. The advanced app helps customers to register themselves, upload their KYC details, participation in bidding event, pay RSD amount, and manage their transactions and contact nearest Automall just by a simple touch. SAMIL is now just a door step away.
Mr. Sameer Malhotra, Director & CEO, SAMIL said “I am really glad to highlights the honest effort, support and cooperation of our customers, associates and employees to tackle the crisis situation along with taking care of their health and families. We have already implemented the government guidelines in our Automalls to curb the impact of corona virus. We are also providing cutting edge digital solutions like Desktop Live Physical Bidding, MySAMIL App and Online Bidding Platforms where customer can buy or sell a vehicle with their comfort
“SAMIL presently provides the largest online bidding platforms through cartradeexchange.com and bids.samil.in. The company also is Educating customers about digital solutions and making customers well equipped to transact with confidence. In the same time, the company provides the largest online bidding platform through cartradeexchange.com and bids.samil.in to buy and sell used vehicles & equipment.” Added Mr Malhotra
The company had recently acquired BlueJack, an online car selling portal in a bid to accelerate its offline auction market position with online used car sales.
The Indian used car market is expected to grow at a compound annual growth rate of 18%. It grew steadily in FY19, crossed the 4 million unit mark, while it is 1.2 times the size of the new car market, driven partly by increasing demand for used vehicles in Tier II and Tier III cities of India. It is further poised to reach 7 million cars per year by FY22
About Shriram Automall India Limited (SAMIL):
Shriram Automall India Limited (SAMIL), an ISO 9001:2015 certified company is India’s first ever service provider to offer a well-organised and transparent platform for exchange of pre-owned commercial vehicles, passenger vehicles, construction equipment, tractors, agricultural equipment, three wheelers and two wheelers. SAMIL is a part of Shriram Transport Finance Company Limited (STFC) and MXC Solutions India Pvt. Ltd. which runs both CarTrade.com and CarWale.com, India’s leading online auto marketplace. Every month, SAMIL conducts 3,000+ bidding events through its well-structured physical and online platforms, making it India’s Largest Offline and Online Vehicles Transaction Platform. The company provides online vehicle transaction services through cartradeexchange.com & bids.samil.in, vehicle inspection & valuation facility through its 100% subsidiary Adroit Auto, the best car buying & selling experience with innovative technology through BlueJack and industrial auction of properties, plant & machinery, commodities and scrap/salvage/surplus assets through 123done.in. SAMIL has been conferred with over 20 nationally recognised awards. In a brief span of over eight years, SAMIL Group has served 17,00,000+ customers by conducting 90,000+ bidding events at 86+ Automalls & 150+ bidding locations in India and transacted 15,00,000+ transactions worth 25,000+ crore. Presently, SAMIL gets over 8,00,000+ listing yearly on its platforms.