India's one-stop destination for pre-owned vehicles and equipment, Shriram Automall India Limited (SAMIL) marked an aggressive establishment of its foothold within Indian Automobile Industry during FY14-15. Despite a challenging market scenario, SAMIL emerged out to be a trailblazer with its impressive strategy of reaching out to the masses.
While inclining its major focus towards South India, the Company reported maximum Automall launches during last fiscal as compared to the same period of previous years, since inception. Overall 18 Automalls were launched across India.
Moreover, the service provider recorded a benchmark figure for its pan-India presence in FY14-15 after launching its 50th Automall facility at Sohna, Haryana. In the addition to this, SAMIL added value to its expansion plan through a new head office, launched today. With this, the Company enhances its workforce within current and newly-launched segments.
"Since inception, SAMIL had been working relentlessly towards transforming the pre-owned segment of auto sector with its transparent approach towards deals. Our objective of making the market completely organised is gradually taking shape with the trust of our customers and together with them, we aim at a successful journey ahead", stated Mr. S. Lakshminarayanan (Chairman of SAMIL) at the new head office launch.
SAMIL's concentration on expansion plan for FY14-15 made way for a growth across all dimensions. The Company marked maximum additions to its clientele portfolio in comparison to previous fiscals and recorded 14 strategic tie-ups with major industry players, including banks, manufacturers and finance companies.
Today, it extends holistic services through unique bidding platforms and services in order to create a lucrative disposal experience for Honda Motorcycle and Scooter India, New Holland, State Bank of India, Escorts and many more. The current update in SAMIL's clientele list reports 22 tie-ups across its different segments.
"FY14-15 had been an incredible phase of our journey at SAMIL due to a substantial growth and initiatives reported in comparison to the previous years. With this success, we are eyeing at a strong growth during FY15-16 while fulfilling the dreams of our customers", quoted Mr. Umesh Revankar, MD of STFC while sharing views over the Shriram Automall's growth story in FY14-15.
SAMIL marked an impeccable introduction of three major segments during last financial year, including Two-Wheelers, Gold & Housing, to facilitate their exchange on its bidding platforms. While housing has been introduced only on the online bidding platform (property.samil.in), the other segments have been successfully launched across all the platforms.
Various bidding events (online and physical) have been conducted for two-wheelers and gold with an exceptional performance posted within the gold segment. The Company also launched gold.samil.in, a dedicated website for gold bidding events.
In near future, the Company aims at reaching 60 Automalls in its pan-India presence. Currently, its 50 Automalls have been strategically located in different locations of the country with 20 in South India, 18 in North India, 6 in East India and 6 in West India.
After creating an incredible growth story with prominent industry players in FY14-15, SAMIL eyes strongly at FY15-16, which showcases immense potential within the pre-owned commercial vehicles and passenger cars segments.