Shriram Automall to expand network to 60 across India

Shriram Automall India Ltd (SAMIL), which has recently opened its 50^th Automall facility at Sohna, Haryana, has opened a new head office in Delhi. The company aims to set up a total of 60 Automalls across India. The existing 50 Automalls are strategically located with 20 of them in South India, 18 in North India, 6 in East India and 6 in West India.

“Since inception, SAMIL had been working relentlessly towards transforming the pre-owned segment of auto sector with its transparent approach towards deals. Our objective of making the market completely organised is gradually taking shape,” said chairman S Lakshminarayanan at the head office opening.

In FY14-15, the company effected 14 strategic tie-ups with major industry players including banks, manufacturers and finance companies, expanding its total to 22 tie-ups across different segments.

According to Sameer Malhotra, CEO of SAMIL, “While reporting maximum sales within pre-owned commercial vehicles segment, SAMIL witnessed growth in sales across its different segments including cars and SUVs, farm equipment, three-wheelers, two-wheelers and construction equipment. In the retail business, we have recorded a growth of 111 percent. Through an extensive pan-India presence, we also established a strong customer base with our unique bidders, buyers and sellers.”