Shriram Automall generates transactions worth Rs 150 crore

Over 7,900 vehicles and equipment and other assets were sold in a single day.

Autocar Professional BureauBy Autocar Professional Bureau calendar 29 Feb 2024 Views icon3665 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
 Shriram Automall generates transactions worth Rs 150 crore

Shriram Automall India (SAMIL), amongst India's largest phygital pre-owned marketplace for vehicles and equipment, has generated transactions worth Rs 150 crore at its 13th anniversary,

The event saw more than 120 auctions conducted in 120 cities across India, as per the press release. 

More than 3,500 sellers across banks, NBFCs, insurance companies, OEMs and dealers, leasing, rental and aggregator companies participated in this event. 

Over 7,900 vehicles and equipment and other assets were sold in a single day, the press release noted. 

Sameer Malhotra, Director and CEO of SAMIL attributed the success of the event to SAMIL's facilities, customer-centric services, and innovative Phygital and Online Auction Platforms. 

RELATED ARTICLES
AKWEL Reports 32.3% Decline in Net Income in 2024 Amid Market Challenges

auther Arunima Pal calendar03 Apr 2025

AKWEL attributed its financial decline to inflationary pressures on raw materials, components, and payroll costs, compou...

“Customers Swear by Their Quality—We’ll Bring Scale, Capital, and Integration” — Arvind Goel on Recent IAC Acquisitions

auther Ketan Thakkar calendar03 Apr 2025

Tata AutoComp Chairman Arvind Goel outlines the rationale behind the twin acquisitions in Sweden and the UK and how the ...

Trump Tariffs: Auto Industry Reactions

auther Autocar Professional Bureau calendar03 Apr 2025

While the industry did not react to the tariffs when they were first announced in March, many industry voices spoke abou...