Delhi, India (30th September, 2014): Shriram Automall India Limited (SAMIL), 100% subsidiary of Shriram Transport Finance Company (STFC), shakes hands with Escorts Limited to assist its authorised dealers in the disposal of pre-owned tractors. With an impressive sales growth in recent days, Escorts has been accorded as India’s 3rd fastest growing company. This association with SAMIL is aimed at adding more value to its existing success.
“India, being an agricultural land portrays great potential for the tractor industry to grow. The current fiscal is expected to witness robust growth in infrastructure due to which tractors’ journey in India is likely to pick up pace. A tie-up with Escorts is structured on the ground of providing a completely organised and transparent platform through which they can carry out the disposal of their pre-owned tractors”, quoted Mr. Sameer Malhotra, CEO of SAMIL.
As per the agreement, SAMIL is entitled to conduct exclusive bidding events at the authorized dealers’ premises of Escorts and facilitate disposal at its yards as well. Moreover, the Company is also going to make a way out for Escorts’ tractors through its online bidding platform and private treaty negotiated deals. Under this association, both SAMIL and SHRIRAM AUTOMALL INDIA LIMITED © 2014
Escorts will work together while understanding the dynamics of pre-owned tractor market. Going deep into the pre-owned segment of tractor industry, both the companies look forward to transform the methods of disposal in this arena; thus making deals quick and efficient.
About Escorts Limited
Escorts Limited is a leading player amongst India’s engineering conglomerates and exists under the provisions of Companies Act, 1956. As a pioneer in India’s farm mechanisation, the Company has played a substantial role in engraving the seeds of growth within the agricultural sector for over five decades. Counted amongst the leading tractor manufacturers of the industry, it offers an exhaustive range, which includes more than 45 variants starting from 25 to 80 HP. Within the ensemble, Escort, Farmtrac and Powertrac have been widely accepted and preferred. Apart from tractors, the Company also caters to various segments, including agri-machinery, construction & material handling equipment, railway equipment and auto components
About Shriram Automall India (SAMIL)
Shriram Automall India (SAMIL), one-of-its kind facility, is a wholly owned subsidiary of Shriram Transport Finance Company (STFC). It is India’s first ever service provider that offers various well organized and transparent bidding platforms including physical, online, one stop classified and negotiated deals, for acquisition & disposal of pre-owned commercial vehicles, construction & industrial equipment, tractors & agricultural equipment, passenger vehicles, three wheelers and two wheelers. The company also provides various allied services including New Look refurbishment services, valuation, parking and finance (through STFC). It has successfully launched more than 100 bidding locations including around 40 well-structured Automalls and nearly 70 strategic parking locations across India. The company has been awarded ISO 9001:2008 certification for its Quality Management System.