SHRIRAM AUTOMALL INKS TIE-UP WITH STATE BANK OF INDIA FOR ITS SME SEGMENT

Key Highlights

·            Shriram Automall ties up with State Bank of India, SME vertical with a Pan India Agreement

·            Complete solutions for the disposal of pre-owned commercial vehicles, construction equipment, three wheelers and two wheelers. 

·            Disposal through all bidding platforms

·            Transparent and hassle-free transactions

Mumbai, October 13, 2017: Shriram Automall India Limited (SAMIL), India’s No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with State Bank of India. With this tie-up, the company marks a successful commencement of its association with the bank and extends the benefits of its holistic solutions for the disposal of all types of pre-owned vehicles and equipment. Under this alliance, Shriram Automall will cater to all the segments of the State Bank of India, including pre-owned commercial vehicles, construction equipment three wheelers and two wheelers.

Sharing views over the tie-up, Mr. Sameer Malhotra (CEO, Shriram Automall India Limited) quoted: “This is a proud moment for all of us at Shriram Automall, getting associated with State Bank of India; India’s leading bank is a proof that our professional services for acquisition & disposal of pre-owned vehicles & equipment have been accepted very well. We are happy as well as confident that this tie up will incur benefits for both of us”.

“With this association we are eyeing to get the maximum benefit through Shriram Automall’s expertise in the pre-owned automobile space. We are confident of generating good revenues from our inventory through their effective resale platforms” said Mr. Surendra Rana, SBI DGM

The agreement was signed at the SBI, Corporate centre, Madam Cama Road, SBI Bhuvan, Nariman Point, Mumbai stating that SAMIL will strategically dedicate its multiple bidding platforms, including Physical Bidding, Online Bidding, OneStop Classified Kiosk and Private Treaty, towards the disposal of the institutions all types of pre-owned vehicles and equipment.

State Bank of India will gain utmost benefit as the service provider will certify the market value of every vehicle and help completely in the decision-making process. Moreover, the 24*7 parking facility will ensure safety of vehicles and refurbishment will increase their market value.