Practically Registers 3x Growth After Launch of Its First Brand Campaign, Kickstarting its 1st Anniversary Celebrations
Businessworth Over Rs 3,000 Crore Generated At Shriram Automall In Financial Year 2020-21
Published on April 6, 2021
New Delhi: Shriram Automall India Limited (SAMIL), India’s Largest Platform for Pre-Owned Vehicles & Equipment generated business worth more than Rs 3,000 Crore and transacted over 1,60,000 pre-owned vehicles and equipment during the entire financial year (FY 20-21) 2020-21.
The SAMIL conducted more than 4,000 physical events and over 25,000 online events across its various platforms in FY 2020-21 for selling and buying pre-owned vehicles and equipment .. The company has witnessed that the average selling price of a used vehicle lot has increased by 10% in FY 2020-21 as compared to the last financial year. Considering the market condition due to pandemic, the company has shown an impressive performance. Understanding the pandemic situation, where physical presence of the customers was not possible, the company devised ways and means to cater to their customers’ needs via innovative and technologically advanced digital platforms like cartradeexchange.com, bids.samil.in and MySamil Mobile App. Around 80% of the business was generated in non-metro cities which itself makes the vast and deep routes of SAMIL evident.
Over 8,00,000 pre-owned vehicles & equipment were tagged, including trucks, cars, two wheelers, three wheelers, agricultural tractors and construction equipment from SAMIL’s clientele like Banks, Non-Banking Financial Companies (NBFCs), Insurance Companies, Original Equipment Manufacturers (OEMs) & their Dealerships, Vehicle Aggregators, Rental and Leasing Companies, Transporters, Contractors, Dealers and even Individuals.
More than 2,26,000 customers like vehicle aggregators, transporters, contractors, dealers and individuals from over 400 cities registered at their nearest Automall or on the online platform to get their desired vehicles & equipment, which indeed was an overwhelming response and further strengthens the strong relationship that SAMIL shares with its customers. The company also conducted over 8,00,000 inspections and valuations across segments through its 100% subsidiary Adroit Auto.
Sameer Malhotra, Director and CEO, Shriram Automall India Limited (SAMIL) said “We are delighted to get such an overwhelming response during the entire year despite such difficult market conditions. The results truly depicts why we are the largest and best solution provider for pre-owned vehicles & equipment in India. We would like to thank all our clients and customers who contributed to our business and made it successful by standing tall with us and accepting the new ways and means developed to continue operations.”
He further added “We have been seeing very strong recovery trends in demand of used vehicles and equipment and price realisation is getting better especially towards the end of Q4. We witnessed quite a few historic moments during our 10th Business Anniversary, 26h Feb which is celebrated as SAMIL UTSAV across the country. Over 130 Crore transactions were done in a single day event. Even March has been phenomenal and we did over 500+ Crore worth of transactions, which has been overwhelming. Last year has been a true example of SAMIL’s strong fundamental values and our relationship with our customers. While the whole nation has gone through tough times, Shriram Automall has always outshined. As a company we are growing both organically and inorganically.”
During the year SAMIL was recognised by the industry veterans and was felicitated with various prestigious awards like Best in Class pre-owned Vehicles & Equipment Auction Company by Asia Feather Asia Feather Awards 2021. SAMIL was also featured in the latest Market Report by Global Market Insights as key global player in the Pre-owned Vehicles and Equipment Market. SAMIL’s property auction platform property.samil.in too received prestigious STQC Certification, with this SAMIL has become amongst the only few players in India offering certified forward auctions and has enhanced its horizon in the public sector forward auction industry, which has a potential of over 50,000 Cr annually in India. In the month of March, Shriram Automall India Limited also got Great Place to Work Certified which came as another feather on their hat.