Pre-Owned Vehicles & Equipment Worth Over Rs 3,000 Crore Sold Via Shriram Automall

Anyone in Mumbai wanting to sell a vehicle is now digitally enabled to exchange his or her vehicle registered in, say, Nagaland but parked on the outskirts of Delhi with a buyer from Bengaluru. This, according to Shriram Automall India Ltd (SAMIL), is thanks to a new cutting-edge system of ‘Phygital’ (Physical plus Digital) solutions, which helps to connect buyers and sellers all over India to exchange their pre-owned vehicles and equipment. The company, which is India’s largest platform for such transactions, used the same system for its latest strategic partner, Daimler India Commercial Vehicles, and exchanged and delivered the first batch of 10 BharatBenz trucks in Manesar (close to Delhi). Such transactions, of over 160,000 vehicles and items of equipment, with more than 4,000 physical events and over 25,000 online events conducted across the platforms, brought SAMIL business worth more than ₹3,000 crore last year – at an average selling price that was 10% higher than in the earlier year. In addition to all this, what Chief Executive Officer Sameer Malhotra is really excited about is that the company is now also certified as a “Great Place to Work”. “This reiterates SAMIL’s focus on achieving business goals while managing work-life balance and building what the Great Place to Work Institute has recognised as a High-Trust & High-Performance Culture,” he says. “This is a proud moment for us.”