New Delhi: Shriram Automall India Limited (SAMIL), India’s Largest Platform for Pre-Owned Vehicles & Equipment generated business  worth more than Rs 130 Crore and sold over 5600 vehicles and equipment during a day long physical bidding event titled ‘Utsav’ at 100 locations across the country recently .

SAMIL’s 100 auctions held at 100 locations had over 11400 inventories tagged, including trucks, cars, two wheelers, three wheelers, agricultural tractor and construction equipment from SAMIL’s clientele including 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 20,000 customers like vehicle aggregators, transporters, contractors, dealers and individuals from over 400 cities visited their nearest Automall to get their desired vehicles & equipment, making SAMIL Utsav, the grand and historic event for SAMIL.

Understanding the fact that it is not possible for every customer to visit Automall physically, the company has also conducted Online Bidding Events through its digital platforms like cartradeexchange.com, bids.samil.in and MySAMIL Mobile App.

SAMIL backed by Shriram Group & MXC Solutions is the largest physical bidding platform, CarTradeExchange as the largest online bidding platform and Adroit Auto as a proactive service provider for inspection and valuation. The company also provides the best car buying & selling experience with innovative technology platform – BlueJack and industrial auction of properties, plant & machinery, commodities and scrap/salvage/surplus assets through 123done.in.

Sameer Malhotra, Director and CEO, Shriram Automall India Limited (SAMIL) said “We are delighted to conduct such a grand event like SAMIL Utsav on completion of our decade long journey with over 100 Physical Bidding Events in a single day across India which proved to be a life-time experience for all our stakeholders. SAMIL Utsav 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 made SAMIL Utsav a grand success. This indeed is history created by conducting over 100 Physical Bidding Auctions in 100 cities across India in a single day where over 20,000 people from across the country came to participate at SAMIL Utsav and over 130 Crore worth of transactions were done.”

“This day holds a special place in our hearts and thus, there could not have been a better day to launch our new initiatives – ThePriceX, Veriisure and eBijuka. All these platforms cover different horizons in the industry. ThePriceX is a digital tool for used vehicle pricing, whereas eBijuka is all about Agricultural Commodity Auction and Veriisure will offer verification services across all categories be it people, finance or assets. ” Mr Malhotra said

He further added “We are seeing very strong recovery trends in demand of used vehicles and equipment and price realisation are getting better. The success of 10^th SAMIL UTSAV is a true example of that. While the whole nation has gone through tough times, Shriram Automall has always outshined. As a company we are growing both organically and inorganically.”