Shriram Automall associates with OLA

NEW DELHI - Oct. 14, 2015 - PRLog -- Shriram Automall India Limited (SAMIL), the one stop destination for the disposal and acquisition of pre-owned vehicles and equipment along with Shriram Transport Finance Company Limited (STFC) are entering into a strategic tie-up with Ola which is India’s most popular mobile app for personal transportation. Shriram Automall follows a well-organized and transparent approach towards exchange of pre-owned vehicles & equipment and STFC is the largest Small Business Finance Company (SBFC) of the nation. As part of the partnership, drivers will benefit from efficient exchange mechanism and optimum price advisory for their old cars through Shriram Automall as well as attractive finance schemes with convenient repayment options from Shriram Transport Finance Company. The agreement in which both the parties have entered states a mutual alliance which is structured on Shriram Automall’s holistic solutions that can add value to the complete disposal process. The company expects thousands of drivers in the state of Delhi to exchange their diesel vehicles for CNG vehicles over the next few months under this scheme.

Throwing light over the tie-up, Sameer Malhotra, Chief Operating Officer from Shriram Automall India Limited, said, “We are happy to be associated with Ola in enabling drivers of Delhi to adopt CNG. We are creating a marketplace for old diesel vehicles through our transparent and dedicated disposal platforms (i.e., Physical & Online Bidding, Private Treaty & Onestop Classified Kiosk) which will enable drivers to dispose their vehicles with ease and derive fair deals. We also strive to make available optimum price advisory for their existing vehicles as well as expedite attractive financing options through Shriram Transport Finance Company allowing them to immediately purchase new CNG vehicle(s). Ola’s cutting edge technology and focus on the ecosystem to promote CNG adoption in the state of Delhi is indeed commendable.”

Pranay Jivrajka, Chief Operating Officer from Ola said, “We are committed to ensuring CNG adoption on our platform in the state of Delhi. Over the past few months we have come up with various initiatives to increase the number of CNG vehicles on our platform, to ensure consumers have access to mobility within minutes at all times. At the same time, these partnerships have gone a long way in protecting the interests and livelihoods of tens of thousands of driver entrepreneurs in the state, giving them the benefit of smooth transition on the platform. We urge citizens and driver-entrepreneurs in the city to continue their commitment towards a cleaner and greener Delhi, as we bring together more such partnerships benefitting drivers and users alike.”

An ISO 9001:2008 certified Company with AA+ rating from CRISIL, Shriram Automall has brought various unique practices within the pre-owned space of Indian Automobile industry & being a strong player, the company also has a great portfolio to its credit in terms of bidding and allied services.

About Shriram Automall India Limited (SAMIL)
Shriram Automall is 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 organised 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. Company has its presence all over the country with its already established 52 Automalls and 100+ bidding locations. The company has been awarded ISO 9001:2008 certification for its Quality Management System and rated AA+ from CRISIL.