“Our main focus is on sourcing the best inventory ”

We keep a special focus on sourcing the best inventory of used construction equipment that are available for our customers at optimal prices.
   Sameer Malhotra, CEO, Shriram Automall shares his take on the company, the current innovations in the commercial vehicle industry and also talks about the procurement practices and the credit concerns.

Range of products for the industry
Shriram Automall is one of the service providers for exchange of used construction equipment and other vehicles offers the most extensive line up of pre-owned construction equipment under one roof. Malhotra says, “In general purpose equipment backhoe loaders, excavators and transit mixers form a major chunk of enquiries on a month to month basis. On the other hand of spectrum, specialised equipment like piling rings, hot mix plant and crushers form major source of business as Shriram Automall has a specialised team to cater to this high transaction value deals.”

Why Shriram Automall?
Answering about what makes Shriram Automall a stand out from the other competitors, Malhotra said, “We offer the widest range of used construction equipment for customers to choose from. We follow an organised and transparent proves and have a specialised team to source construction equipment in good condition that’s why our events witness huge customer footfall.”

Speaking about some events that help the customers get in touch with the company, Malhotra says, “Our bidding events are attended by a large number of construction equipment customers all over India, we think it is the transparency that we offer while doing a transaction, also most of our customers are already in the business and they do not shy away from putting down a deposit for buying used equipment.”

Innovations in the industry
Sharing his thoughts on the innovations that have taken place in the area of construction equipment industry, Malhotra says, “As the automobile industry is transforming into an innovation and technology driven industry, the construction equipment segment is also coming up with various innovations that is helping the segment to grow with never before speed.” He further adds, “The decision to buy any equipment is now based on complete research and understanding of the requirements which we think is a positive innovation for today’s customers.”

Procurement practices and payment concerns
The company has a number of tie-ups with leading banks, NBFCs and other financial houses to source its inventory from. This helps these institutions clear their unused inventory at optimal price and in turn also helps customers to get the latest equipment at best possible price through our physical and online bidding platforms by placing high bid when the equipment is being ramped. Speaking about the procurement, he says, “As the largest service provider for exchange of used construction equipment and other vehicles we keep a special focus on sourcing the best inventory of used construction equipment that are available for our customers at optimal prices.”

Throwing light on the payment concern, Malhotra says, “At present all customers at SAMIL enjoys a 7-day credit period between which they have to pay the remaining amount to take the vehicle delivery.”
On a concluding note, Malhotra says, “Executives from nearest Shriram Transport Finance Company (STFC) branch are always present at all bidding events of Shriram Automall who can be easily contacted for availing the facility of finance.”