Shriram Automall India Sold 7,900 Pre-owned Vehicles, Other Assets During SAMIL Utsav

Mobility Outlook Bureau
02 Mar 2022
09:30 AM
1 Min Read

The company saw a listing of 14,500 vehicles and other assets, out of which 7,900 were sold, resulting in a transaction of INR 215 crore.


Shriram Automall

The Indian marketplace for pre-owned vehicles and other assets, Shriram Automall India, announced that it sold 7,900 pre-owned vehicles and other assets out of the 14,500 listed resulting in transactions worth INR 215 crore during the ‘SAMIL Utsav’ event.

The single-day auction event is a phygital format auction celebrated each year on the business anniversary of the company on February 26 by conducting 100+ auctions in 100 cities across India.

The pre-owned vehicles listed during the event included cars, trucks, construction equipment, farm equipment, two-wheelers, and three-wheelers from a full spectrum of sellers across consumers, banks, NBFCs, insurance companies, OEMs & dealers, leasing, rental companies & aggregators, brokers, transporters and contractors, and were displayed and ramped, a release from the company stated.

In addition, it also launched a live streaming feature during the event on the MySAMIL App, through which registered customers can watch the vehicles of their choice in real-time at any ongoing auction across 100+ automalls in India.

Sameer Malhotra, Director & CEO, SAMIL, said, “The grand success of SAMIL Utsav illustrates the huge demand in the pre-owned automobile industry where price realisations are also getting better. This new Phygital aspect of the auction will give potential buyers full insight on the vehicles before bidding.”

Share This Page