During a day-long Utsav festival on Sunday, Shriram Automall India Limited (SAMIL), a major pre-owned marketplace for vehicles and equipment, generated business worth approximately Rs 185 crore.
In a statement, the company claimed that footfalls surpassed 25,000 on its 12th business anniversary, which was held in over 120 cities across the nation. Approximately 7500 vehicles, equipment, and other assets were sold during the gathering.
In a related development, the company opened three new automalls in Hapur, Guwahati, and Muzaffarpur as part of its business growth plans. The company highlighted that over 16,000+ pre-owned vehicles, equipment, and other assets across segments like cars, trucks, construction equipment, farm equipment, two-wheelers, and three-wheelers, from a full spectrum of sellers across consumers, banks, NBFCs, insurance companies, OEMs, and dealers, leasing, rental, and aggregator companies, brokers, transporters, and contractors, were displayed and ramped.
Sameer Malhotra, Director and CEO, SAMIL, said, “It’s a wonderful experience to create yet another benchmark in the used automobile industry by selling over 7,500 inventories worth over Rs 185 crore at 120+ auctions in a single day, where over 25,000 customers from 500 cities came to participate in 12th SAMIL Utsav." "Our transparent process, state-of-the-art facilities, customer-centric services under a single roof, along with cutting-edge Phygital and online bidding platforms, made this possible."