Shriram Automall launched in Mahaboobnagar

Feb. 27, 2013 - PRLog -- Mahaboobnagar, February 26, 2013: ShriramAutomall India Limited (SAMIL) launched its brand new full-fledged Automall today, in Mahaboobnagar, Andhra Pradesh. The new Automall was inaugurated by the Chief Guest, Mr. Sameer Malhotra, CEO, ShriramAutomall India Limited and the Guest of Honour for the event was Mr. SudarshanHolla, Executive Director CEO- South Zone, Shriram Transport Finance Company Ltd.

Spreading over two lakh square feet space, the facility allows the end users to trade their vehicles in a transparent & comfortable manner. Apart from trading, Automallalso assists the traders with financing and insurance options, as well as provide services for repair & refurbishing the vehicles. Rest rooms for travel-fatigued drivers and cleaners are also offered as an add-on facility. The auto mall facility will be further utilised for holding events periodically.

“After leaving its deep imprints across several geographies of India, SAMIL now envisions reaching even the smallest of town & city. The epic success of our existing Automalls reflects upon the potential of the pre owned vehicle & equipment segment. We aim to put an end to the unreliable and old practices prevalent in vehicle transactions by cultivating organized vehicle-trading mechanism.”  StatedMr.Sameer Malhotra, Chief Executive Officer,ShriramAutomall India Ltd.

Also speaking on the occasion, Mr. SudarshanHolla, Executive Director CEO-South Zone STFC said “Automall is a unique concept, creating a transparent platform for trading pre-owned vehicles and equipment. After a great response at our Hyderabad Automall, we hope MahaboobnagarAutomall also serves as a step forward and brings ease in the life of our consumers”.

The Automall will be a house OneStop, a virtual truck bazaar that will provide real-time information about the vast inventory of used vehicles & equipments and simultaneously facilitates registration of individual buyer’s need.

About Shriram Transport Finance Company Limited (STFC):

Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking, and Distribution businesses. Incorporated in 1979, Shriram Transport is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets. It has PAN India presence with 502 branch offices. Based in Mumbai, it manages assets worth Rs 40,307 crores and has a customer base exceeding 8,50,000. Shriram in the last 30 years has helped replace nearly 20 lakhs trucks by providing affordable acquisition credit to the small truck operators.

About ShriramAutomall India Limited (SAMIL):

ShriramAutomall India Limited (SAMIL), one-of-its-kind facility is a wholly owned subsidiary of Shriram Transport Finance Company. It is India's first ever service provider that offers a transaction platform for the trading of pre-owned commercial vehicles, construction and agricultural equipments in an organized and transparent manner.

SHRIRAM AUTOMALL INDIA LIMITED

709, Best Sky Tower,

F-5, NetajiSubhash Place,

Pitampura, Delhi -110034

Tel: 011 - 41414444

Fax: 011 - 42414444

E-Mail: contact@samil.in

Toll Free: 1800 102 4141