Shriram Automall Reinforces its Presence with Automall Inauguration in Udaipur, Rajasthan

UDAIPUR, India - Nov. 19, 2013 - PRLog -- SAMIL is steadily growing the new wing of their business with the inauguration of 3 Automallin Udaipur, after commissioning its Automalls earlier in Jaipur and Kota inRajasthan State.

The new Automall opening comes in line with the Company's expansionstrategy to serve a wider audience across Rajasthan by offering conveniencein location and to continue providing excellence in customer service and unique and exclusive platforms for acquisition & disposal of pre-owned vehicles & equipment to its customers.

The inauguration was held at the new Automall premises under the auspices of our Chief Guest, Mr. Sameer Malhotra, CEO, Shriram Automall India Limited. Mr. Govardhan Singh Chauhan, Dynamic Youth Leader of Kotadi, Udaipur, graced the occasion as the Guest of Honor.

While inaugurating 3.6 acres, state of the art Automall earlier in the day, the CEO said, “Our motivation to provide excellence in our services is driven by our passion to serve our customers. Expanding our network with an additional new branch is an achievement we are proud to announce.”

“We will continue to move forward in the same direction, and enhance our service by moving closer to our customers ensuring that they receive the best service available, and are served swiftly and efficiently” he added.

The Automall also houses Shriram One Stop, a computerized touch screen kiosk which is a virtual Truck Bazaar, providing real time information about available pre-owned vehicles/ equipment, inaugurated by Mr. S.K. Sinha, Zonal credit Head – West & North, Shriram Transport Finance Company Limited (STFC). It will also facilitate registration of individual buyer’s requirements. One Stop will bring more transparency in the process of acquiring & disposing used vehicles & other assets.

The Automall also includes Shriram New Look, wherein refurbished preowned commercial vehicles/ equipment are put on display for purchase along with inbuilt financing options.

About Shriram Transport Finance Company Limited (STFC)

Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking and Distribution businesses.

Established in 1979, Shriram Transport is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets. It has PAN India presence with 530 branch offices. Based at Mumbai, it manages assets over Rs 46,500 crores and has a live customer base exceeding 9,00,000.

About Shriram Automall India Limited (SAMIL)

Shriram Automall India Limited (SAMIL), one-of-its-kind facility is a wholly

owned subsidiary of Shriram Transport Finance Company. It is India's first ever service provider that offers a platform for acquisition & disposal of preowned commercial vehicles, construction and agricultural equipment in an organized and transparent manner. The company has already launched its full-fledged facilities in 27 key locations across India. The Automall offers a common meeting platform, where the valuation of the vehicle is determined through a transparent process. In addition, Shriram Automall also promotes two new initiatives: 'Shriram New Look' and 'Shriram One Stop' to provide value-added services to its potential customers.