Shriram Automall Strengthens Its In Presence In Hapur Uttar Pradesh

Shriram Automall launched its brand new initiative today at Hapur. The Automall is strategically located on NH-24 highway.

Online PR News – 06-May-2013 – Hapur, Uttar pradesh – Hapur, April 30, 2013: After successful inauguration of well established Automalls across the country, Shriram Automall launched its brand new initiative today at Hapur. The Automall is strategically located on NH-24 highway & brings the country’s first single-window transaction platform for pre-owned vehicles & equipments.
The facility was inaugurated by the Chief Guest, Mr. Sameer Malhotra, CEO, Shriram Automall India Limited. Mr. M.I. Abbasi, Executive Director & CEO – North, East & Central, Shriram Transport Finance Company Limited, graced the occasion as the Guest of Honour & the Special Guest for the event was Mr. A.K. Bhattacharya, Zonal Credit Head- North, East & Central, Shriram Transport Finance Company Limited. The event was also attended by Mr. Satpal Singh, Zilla Gram Panchayat Adhyaksh, Garhmukteshwar.

Inaugurating state of the art Automall earlier in the day, Mr Sameer Malhotra, CEO, Shriram Automall India Limited, said, “We are well poised to tap the vast potential of the pre-owned vehicle& equipment market in the region. The automall at Hapur is our second facility in the U.P. Our highly skilled staff, well-equipped yard, prompt valuation service, easy finance option, and documentation facilities, will ensure that customers have a hassle free experience.”

Speaking on the occasion, Mr. M.I. Abbasi, Executive Director & CEO – North, East & Central, Shriram Transport Finance Company Limited affirmed, “Today we are India’s only organized service provider for the transaction of pre-owned vehicles & equipment. SAMIL enjoys this position due its trusted consumers. It is this trust that customer has in us, that inspire us to assure customer satisfaction.”
Spreading across 2 lakh square feet space, the facility is the first-of-its kind initiative, which facilitates asset acquisition & disposal in a transparent & hassle-free manner. Apart from of serving as a transaction platform, Automall assists the traders with financing and insurance options, as well as provide services for repair & refurbishing the vehicles As an add-on facility, rest rooms for travel-fatigued truck drivers and cleaners are also offered. The auto mall facility will be further utilised for holding vehicle events periodically.
The Automall also houses two new initiatives Shriram One Stop & Shriram New Look. While One Stop is a computerised touch screen kiosk, providing real time information about used commercial vehicles available for sale, Shriram New Look offers refurbished pre-owned commercial vehicles that are put on display for purchase along with inbuilt financing options.
About Shriram Transport Finance Company Limited (STFC):
Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking, and Distribution businesses. Incorporated in 1979, Shriram Transport is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets. It has PAN India presence with 502 branch offices. Based in Mumbai, it manages assets worth Rs 40,307 crores and has a customer base exceeding 8, 50,000. Shriram in the last 30 years has helped replace nearly 20 lakhs trucks by providing affordable acquisition credit to the small truck operators.
About Shriram Automall India Limited (SAMIL):
Shriram Automall India Limited (SAMIL), one-of-its-kind facility is a wholly owned subsidiary of Shriram Transport Finance Company. It is India's first ever service provider that offers a platform for acquisition & disposal of pre-owned commercial vehicles, construction and agricultural equipments in an organized and transparent manner. The company has already launched its full-fledged facilities in 24 key locations across India. The Automall offers a common meeting platform, where the valuation of the vehicle is determined through a transparent process. In addition, Shriram Automall also promotes two new initiatives: 'Shriram New Look' and 'Shriram One Stop' to provide value-added services to its potential customers.

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