Bangalore, Feb 20, 2015: Shriram Automall India Limited (SAMIL), one-stop destination for pre-owned vehicles and equipment, has signed an agreement with State Bank of Mysore (SBM)under which the company extends its holistic bidding solutions in the disposal of their pre-owned vehicles inventory. SAMIL will now be displaying their vehicles within its regular physical & online bidding events through which SBM eyes at their profitable disposal. The Company is also going to provide its other allied services, including parking, refurbishment, documentation and valuation for well-organised and hassle-free transactions.
SAMIL signed an MOU with SBM on 18 February, 2015 at the bank’s corporate office in Bangalore while marking the presence of top officials from both the entities. Mr. Sameer Malhotra (CEO of SAMIL) shared his views on the tie-up and stated, ”Our association with State Bank of Mysore has been structured on the ground of fair transactions and reliability. We shall provide complete solutions for the disposal of their pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers. That means, all our bidding platforms and allied services will contribute to value-for-money deals”.
SAMIL’s unique bidding platforms, including physical bidding, online bidding, one stop classified kiosk and private treaty, will be strategically utilised to offer a wider reach for SBM’s pre-owned vehicles and equipment. The Company already accounts for an extensive pan-India presence with its more than 100 bidding locations (including 45+ well-structured Automalls) and holds a huge customer base through which it promises profitable transactions to the bank.
Present at the tie-up, Mr. Sanjeev Krishnan (Chief GM – Retail Banking of SBM) quoted, “Through a tie-up with Shriram Automall, we intend to enhance the reach of our pre-owned vehicles and equipment in order to get maximum return on their disposal. We are looking at a long-term alliance with the service provider with an aim to bring necessary transformation within our existing disposal process”.
An ISO certified Company with AA rating from CRISIL, SAMIL has brought various distinctive practices within the pre-owned space of Indian Automobile industry. Together with SBM, the Company is looking at enhancing its business operations and eyes at a robust growth within its sales ahead.
