Shriram Automall India Limited (SAMIL) has announced a strategic partnership with Volvo Construction Equipment (Volvo CE) aiming to support the pre-owned construction equipment industry by leveraging SAMIL's robust auction platforms and extensive network. The partnership will enable Volvo CE and its dealers to efficiently manage their exchange, demo, and surplus inventory of used construction equipment. Through SAMIL's phygital auction platforms, including 135+ Automalls across India, online portals (cartradeexchange.com and bids.samil.in), and the MySAMIL App, Volvo CE will be able to offer competitive exchange deals to customers.
Over the past 13 years, SAMIL has completed over 68,000 pre-owned construction equipment transactions, showcasing its expertise in vehicle and equipment valuation. SAMIL's prediction engine, The PriceX, utilises advanced data analytics to provide accurate pricing and fair transactions, offering valuable insights and services to the market.
Dimitrov Krishnan, Managing Director of Volvo CE India, stated 'Our agreement with SAMIL will provide a seamless channel for our customers and dealers to actively engage in the trade-in and sale of used equipment. SAMIL's extensive network of physical machine stockyards and their robust digital capabilities will support our dealer network in facilitating used product trades.'
Sameer Malhotra, Director & CEO of SAMIL, added 'By leveraging our extensive network, expertise, and phygital solutions, we aim to enhance the value proposition for Volvo CE dealers and customers across India. This partnership further reinforces our commitment to providing comprehensive and innovative solutions to our partners and customers. Together, we are poised to create new opportunities and drive growth in the used construction equipment sector.'
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