Shriram Automall Reinforces Its Presence with a Huge Automall in Hubli, Karnataka

Online, January 29, 2014 (Newswire.com) - Shriram Automall India Limited (SAMIL), today, inaugurated its 28thAutomall facility in India.SAMIL is steadily growing the new wing of its businesswith the inauguration of 3rdAutomall in Karnataka, after commissioning its Automalls earlierinDavangere and Gulbarga.

In the presence of 1,500 people, the inauguration was followed by a bidding event, in which over 80 vehicles were sold and more than 400 registrations took place. While giving a noble expression to the occasion, 60 bedsheets were distributed in the orphanage asylum and a social camp for eye test and medical check-up was also conducted.

The new Automall openingstands parallel to the Company's expansion strategy to serve a wider audience across Karnataka.By offering convenience in the location,SAMIL continuesits journey of providing excellence in customer service along with unique platformsfor acquisition and disposal of pre-owned vehicles and equipment.

Under the auspices of Chief Guest, Mr. Umesh Revanakar (Managing Director, Shriram Transport Finance Company), the inaugurationtook place at the new Automall premises in Hubli. Along with him,Mr. Sameer Malhotra (Chief Executive Officer, Shriram Automall India Limited)graced the occasion as Guest of Honor.

While introducing SAMIL's grandiosity in the form of 12 acres Automall, Mr. Revankar said,"Our passion to serve customers is solely driven by excellence and perseverance. It is a moment of immense proud for SAMIL to enhance its horizon with an additional new branch."

While adding hues of encouragement in the arena, Mr. Malhotra quoted, "With the incorporation of transparency and authenticity, SAMIL has always believed in serving brilliance in its operation. To earn that substantial place in the industry, we shall continue our journey with various additional advantages."

The Automall also houses Shriram One Stop, a computerized touch screen kiosk which is a virtual Truck Bazaar.Embellished with a facility of providing real time information about available pre-owned vehicles/ equipment, the kiosk was inaugurated by Special Guest, Mr. Sudarshan Holla (Executive Director & CEO - South Zone, Shriram Transport Finance Company Limited). While facilitating the registration of individual buyer's requirements, One Stop will bring more transparency in the process of acquiring & disposing used vehicles & other assets.

The Automall also includes Shriram New Look, wherein refurbished pre-owned commercial vehicles/equipment 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. Established in 1979, STFC is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry. It has PAN India presence with 620 branch offices. Based at Mumbai, it manages assets over Rs 46,500 crores and has a live customer base exceeding 9,00,000.

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 physical platform for acquisition & disposal of pre-owned commercial vehicles, construction and agricultural equipment in an organized and transparent manner. The company has already launched its full-fledged facilities in 28 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, SAMIL also promotes two new initiatives: 'Shriram New Look' and 'Shriram One Stop' to provide value-added services to its potential customers.