Skip to main content

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 icon5104 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

‘One Bharat, One Road Tax’: IndiaTech Calls for Uniform Vehicle Taxation

auther Mukul Yudhveer Singh calendar04 Nov 2026

The Ease of Vehicle Ownership Index 2026 recommends a common national road tax framework, with functional refund mechani...

Used Vehicle Transfers Can Cost 10 Times Official Fees, Finds Study

auther Mukul Yudhveer Singh calendar04 Nov 2026

India’s pre-owned vehicle market is projected to reach $73.5 billion by 2030, but high transfer costs, RTO delays and in...

Balkrishna Industries Q2 Net Profit Rises 7 Percent to Rs 293 Crore

auther Dev Vadchhedia calendar04 Nov 2026

Rising raw material costs and interest expenses lead to 35% sequential net profit decline.