Hyderabad, Aug 11, 2015: Shriram Automall India Limited (SAMIL), country’s one-stop destination for pre-owned vehicles and equipment, has joined hands with State Bank of Hyderabad (SBH). With this tie-up, SAMIL marks a successful onset of its association with the bank and extends the benefits of its holistic solutions in the disposal of all types of pre-owned vehicles and equipment. Under this alliance, SAMIL will cater to all the segments of the bank, including pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers. The services will be applicable across all the branches, pan India.
Sharing views over the tie-up, Mr. Sameer Malhotra (CEO of SAMIL) quoted, “SAMIL’s unique disposal solutions for pre-owned vehicles and equipment are well accepted by the banking sector. We are going to make an optimum utilisation of our different bidding platforms and facilitate value-for-money transactions to the bank”.
The agreement, which was signed at the Bank’s head office in Hyderabad, states that SAMIL will strategically dedicate its multiple bidding platforms, including physical bidding, online bidding, one stop classified kiosk and private treaty, towards the disposal of banks all types of pre-owned vehicles and equipment.
Under physical bidding, the bank will benefit from Company’s extensive pan-India reach through over 150 bidding locations, including more than 50 well-structured Automalls. Regular physical and online bidding events have been promised for the bank’s inventory. The online bidding events will ensure utmost customer convenience and make way for better opportunities in product disposal.
“Under this association, we are eyeing at getting maximum value on our pre-owned vehicles and equipment. With SAMIL’s expertise in the pre-owned space of automobile industry, we are confident of generating huge revenue from our inventory” states Mr. G Rajendra Kumar (GM of SBH).
Due to the valuation, documentation, parking and refurbishment services offered by SAMIL, the bank will gain utmost benefit as the service provider will certify the market value of every vehicle and help completely in the decision-making process. Title searching and insurance documentation services will add value to every transaction. Moreover, the 24*7 parking facility will ensure safety of vehicles and refurbishment will increase their market value.
e banking sector. We are going to make an optimum utilisation of our different bidding platforms and facilitate value-for-money transactions to the bank”.
The agreement, which was signed at the Bank’s head office in Hyderabad, states that SAMIL will strategically dedicate its multiple bidding platforms, including physical bidding, online bidding, one stop classified kiosk and private treaty, towards the disposal of banks all types of pre-owned vehicles and equipment.
Under physical bidding, the bank will benefit from Company’s extensive pan-India reach through over 150 bidding locations, including more than 50 well-structured Automalls. Regular physical and online bidding events have been promised for the bank’s inventory. The online bidding events will ensure utmost customer convenience and make way for better opportunities in product disposal.
Key Highlights
- Shriram Automall ties up with State Bank of Hyderabad
- Complete solutions for the disposal of bank’s pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers.
- Disposal through all bidding platforms
- Allied Services – Parking, Documentation, Valuation & Refurbishment
- Transparent and hassle-free transactions
CCI Newswire
