Shriram Automall Launches An Automall In Ongole

ONGOLE, India - Oct. 20, 2014 - PRLog -- Ongole, October 15, 2014 – Shriram Automall India Limited (SAMIL), an ISO 9001:2008 certified company, marks the launch of a new Automall facility in Ongole, Andhra Pradesh. As 15^th Automall of SAMIL in South India, Shriram Automall Ongole stands tall on 5 acres of land at NH 5. Connecting Vijayawada and Chennai, this highway facilitates a huge scope for SAMIL to reach out a huge target audience. The Company introduced the concept of physical bidding in India and after this launch, it accounts for exact 41 Automalls across the nation.

While promising regular bidding events through Shriram Automall Ongole, SAMIL aims at making the acquisition and disposal of pre-owned vehicles and equipment extremely transparent and organized in the city. Inaugurated by Mr. Sameer Malhotra (CEO of SAMIL), the Automall also marked the presence of Mr. M. Venkateswara Rao (RBH of STFC).

Extremely delighted about the launch, Mr. Sameer Malhotra quoted, “The pre-owned car and tractor segment of Ongole is filled with enormous opportunity and our objective is to make the most out of it. Since inception, we have added several bidding locations and well-structured Automalls to our physical bidding platform in order to make it stronger. South region makes a substantial contribution to our overall business and with this launch; we anticipate sturdy push to the business”.

SAMIL enjoys an extensive presence across the nation with more than 100 bidding locations. Through this Automall, it not only strengthens its presence but also targets a massive business from the city. Identifying a great potential in the pre-owned segment of automobile space here, it is all set to make a substantial contribution to the growth within the segment.

With Shriram Automall Ongole, SAMIL positions itself as an end-to-end service provider with solutions to any need related to pre-owned vehicles and equipment. With Shriram New Look Refurbishment within the Automall premises, it will facilitate the repair of vehicles. This will not only enhance overall functioning and look of the vehicle but will also help in enhancing its market value. One Stop Classified Kiosk is also present at the Automall with information on over 20,000 vehicles from the across the country available at SAMIL for disposal.

Post inauguration, Privileged Bidder Cards and Education Scholarship cheques were also distributed within the Automall premises. Categorized as Star, Premium and Platinum, these bidder cards save the time of customers as they need not to get themselves registered for bidding events again and again after becoming a cardholder.

A bidding event was also conducted within the Automall premises in the presence of more than 100 bidders from Guntur, Vijayawada and Nellore. Out of around 80 vehicles displayed, maximum vehicles were disposed successfully. Moreover, a free health check up camp was also organized at the launch in association with NRI hospital. Over 100 visitors got their health check up done, which included blood group, blood pressure, diabetes, pulse rate, to name a few and were also provided with free medicines.

SAMIL’s South India Presence

Bangalore

Anantapur

Thrissur

Trichy

Ongole

Chennai

Gulbarga

Hyderabad

Vizag

Davangere

Tirunelveli

Mahbubnagar

Cochin

Mancherial

Hubli

About Shriram Transport Finance Company (STFC)

Shriram Transport Finance Co Ltd. is the largest asset financing Small Banking Finance Company (SBFC). The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks and a market share of around 25%. It has a pan-India presence with a network of 630 branches, and employs more than 18,000 employees including 11,243 field officers. The company has built a strong customer base of approx. 1.10 mn. Over the past 34 years, it has developed strong competencies in the areas of loan origination, valuation of pre-owned trucks and collection. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc. For more information please visit www.stfc.in.

About Shriram Automall India (SAMIL)

Shriram Automall India (SAMIL), one-of-its kind facility, is a wholly owned subsidiary of Shriram Transport Finance Company (STFC). It is India's first ever service provider that offers various well organized and transparent bidding platforms including physical, online, one stop classified and negotiated deals, for acquisition & disposal of pre-owned commercial vehicles, construction & industrial equipment, tractors & agricultural equipment, passenger vehicles, three wheelers and two wheelers. The company also provides various allied services including New Look refurbishment services, valuation, parking and finance (through STFC). It has successfully launched more than 100 bidding locations, including over 40 well-structured Automalls and nearly 70 strategic parking locations, across India. The company has been awarded ISO 9001:2008 certification for its Quality Management System.

For more information, please contact:

SHRIRAM AUTOMALL INDIA LIMITED

709, Best Sky Tower,

F-5, Netaji Subhash Place,

Pitampura, Delhi-110034

Tel: 011-41414444 Fax:

011-42414444

E-Mail: contact@samil.in

Website: http://www.samil.in