Shriram Automall India Limited (SAMIL), country’s one-stop destination for exchange of pre-owned vehicles and equipment, has joined hands with Bank of India (BOI). With this tie-up, SAMIL marks a successful commencement of its association with the bank and extends the benefits of its holistic solutions for the disposal of all types of pre-owned vehicles and equipment. Under this alliance, SAMIL will cater to all the segments of the bank, including pre-owned commercial vehicles, construction equipment, tractors, cars and SUVs, three wheelers and two wheelers for Ranchi Zone.
Sharing views over the tie-up, Mr. Sameer Malhotra (CEO of SAMIL) said, “It feels great to get associated with national banks, this itself is a proof of how well our professional services and proprietary bidding platforms have been accepted. We are happy as well as confident that this tie up will incur benefits for all of us”.
“With this association we are eyeing to get the maximum benefit through Shriram Automall’s expertise in the pre-owned automobile space of the automobile sector. We are confident of generating good revenues from our inventory,” said Venkatraman Ranganathan Iyer, Deputy Zonal Manager (Ranchi Zone), BOI.
The agreement was signed at the regional bank office in Ranchi and it states that Shriram Automall will strategically dedicate its multiple bidding platforms, including physical bidding, online bidding, one stop classified kiosk and private treaty, towards the disposal of banks all types of pre-owned vehicles and equipment.
The bank will gain utmost benefit as the service provider will certify the market value of every vehicle and help completely in the decision-making process. Title searching and insurance documentation services will add value to every transaction. Moreover, the 24*7 parking facility will ensure safety of vehicles and refurbishment will increase their market value.