SHRIRAM AUTOMALL INKS TIE-UP WITH STATE BANK OF INDIA FOR ITS SME SEGMENT

Mumbai, 13thOctober, 2017: Shriram Automall India Limited (SAMIL), India’s No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with State Bank of India. With this tie-up, the company marks a successful commencement of its association with the bank and extends the benefits of its holistic solutions for the disposal of all types of pre-owned vehicles and equipment. Under this alliance, Shriram Automall will cater to all the segments of the State Bank of India, including pre-owned commercial vehicles, construction equipment three wheelers and two wheelers.

Sharing views over the tie-up, Mr. Sameer Malhotra (CEO, Shriram AutomallIndia Limited) quoted: “Thisis a proud moment for all of us at Shriram Automall, getting associated withState Bank of India; India’s leading bank is a proof that our professionalservices for acquisition & disposal of pre-owned vehicles & equipmenthave been accepted very well. We are happy as well as confident that this tieup will incur benefits for both of us”.

 

“With this association weare eyeing to get the maximum benefit through Shriram Automall’s expertise inthe pre-owned automobile space. We are confident of generating good revenuesfrom our inventory through their effective resale platforms” said Mr. Surendra Rana, SBI DGM. 

Theagreement was signed at the SBI, Corporate centre, Madam Cama Road, SBI Bhuvan,Nariman Point, Mumbai stating that SAMIL will strategically dedicate itsmultiple bidding platforms, including Physical Bidding, Online Bidding, OneStopClassified Kiosk and Private Treaty, towards the disposal of the institutionsall types of pre-owned vehicles and equipment.

State Bank of Indiawill gain utmost benefit as the service provider will certify the market valueof every vehicle and help completely in the decision-making process. Moreover,the 24*7 parking facility will ensure safety of vehicles and refurbishment willincrease their market value.  


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