Shriram Automall India Limited Spread Its Wing In Kochi Kerala

Online, March 29, 2013 (Newswire.com) - ShriramAutomall India Limited, commenced the operation of much awaited Automall in Kochi today. The Initiative was inaugurated by the Chief Guest, Mr. Aryadan Mohammed, Honorable State Minister For Transport& Power. Mr. U.G.Revankar, Managing Director - Shriram Transport Finance Company Ltd was the Guest of honor, while Mr. Sameer Malhotra, CEO, ShriramAutomall India Limited & Mr. SudarshanHolla, Executive Director & CEO, Shriram Transport Finance Company- South Zone graced the occasion as the Special Guest with ample infrastructure & facilities, the Automall will offer a platform for transaction of certified used vehicles and equipment.

The services will range from easy finance, general insurance, parking to assistance in documentation. As an add-on facility, rest rooms for travel-fatigued truck drivers and cleaners are also provided.

Mr. Aryadan Mohammed, Honorable State Minister For Transport& Power, applauded the initiative and said, "TheAutomallis a unique initiative, what sets ShriramAutomall apart from others is the range of choice offered to the customers, right from 3 wheelers, cars to trucks, equipment and much more. This concept will surely give rise to more opportunities & revolutionize the transport industry in Kerala."

"ShriramAutomall is the country's preferred platform for used vehicle & equipment and is proudly India's only organized multi-brand player, with over 18 Automalls and over 100 yards across India. With our new Automall in Kochi, we wish to further explore the untapped potential of the market available in Kerala. The advent of Automall, would bring relief to the fleet owners and small businessmen who haven't yet explored the benefits of pre-owned vehicle market" affirmed Mr. Revankar.

Speaking on the occasion, Mr. Sameer Malhotra, CEO, ShriramAutomall India Limited, said "the company aims to create a platform for transporters, where transparency is of utmost importance. The Automall facility will house hundreds of pre-owned vehicles both in as-is-where-is and refurbished condition and customers will be able to trade in a transparent manner. We envisage having a robust PAN India network of such Automallsstrategically located on important highways of the country. Moving forward, we are planning to expand this number exponentially in the coming years.""

The Automall also houses two new initiatives, Shriram One Stop &Shriram New Look. While One Stop is a computerised touch screen kiosk which is a virtual Truck Bazaar, providing real time information about used commercial vehicles available for sale, Newlook offers refurbished pre-owned commercial vehicles that are put on display for purchase along with inbuilt financing options.

About Shriram Transport Finance Company Ltd.
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 494 branch offices. Based in Mumbai, it manages assets worth Rs 40,307 crores and has a customer base exceeding 8,00,000. Shriram in the last 30 years, has helped replace nearly 20 lakhs trucks by providing affordable acquisition credit to the small truck operators.

About ShriramAutomall India Limited (SAMIL):
ShriramAutomall 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 transaction platform for the trading of pre-owned commercial vehicles, construction and agricultural equipment in an organized and transparent manner.

For further information, please contact:
SHRIRAM AUTOMALL INDIA LIMITED
709, Best Sky Tower,
F-5, NetajiSubhash Place,
Pitampura, Delhi -110034
Tel: 011 - 41414444
Fax: 011 - 42414444
E-Mail: [email protected]
Toll Free: 1800 102 4141