Shriram Automall India Limited (SAMIL) told the media that it auctioned over 7,900 pre-owned vehicles and other assets in one day and processed transactions worth over Rs 215 crore from more than 14,500 listings at SAMIL Utsav, its annual auction event.
The company further said that SAMIL Utsav is a phygital format auction conducted on 26 February every year. According to a statement, more than 14,500 pre-owned vehicles and equipment across various segments like cars, trucks, construction, farm equipment, two and three-wheelers from a full spectrum of sellers across consumers, banks, Non-Banking Financial Companies (NBFCs), insurance companies, Original Equipment Manufacturers (OEMs), dealers, leasing, rental, aggregator firms, and many others were displayed and ramped. CEO and Director of SAMIL, Sameer Malhotra, said that the company had created history in the pre-owned automobile industry by conducting more than 100 auctions to sell over 7,900 vehicles worth over Rs 215 crore in one day, participated by over 30,000 customers from 500 cities in the SAMIL Utsav. Image Source