SAMIL auctions over 7,900 pre-owned vehicles, assets worth Rs 215 cr
ROADS & HIGHWAYS

SAMIL auctions over 7,900 pre-owned vehicles, assets worth Rs 215 cr

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

Also read: Shriram Automall closes deal with Ashok Leyland for commercial vehicles

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 Also read: Shriram Automall closes deal with Ashok Leyland for commercial vehicles

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000