Evolution of old vehicle industry

India's old vehicle industry has undergone a dramatic transformation after COVID-19. With the passing time, and the booming middle class and rapid urbanization, the choices and preferences of people are changing. The time when old vehicle industry was meant for budget-conscious buyers or ‘used’ meant settling for older or unreliable vehicles has passed. Now, the old vehicle industry has transformed into a thriving ecosystem catering to a wider audience.

The emphasis on practicality has led to a substantial progress in the quality of old vehicles, making them a compelling choice for buyers. Budget-friendliness remains a key factor driving demand for old vehicles compared to new vehicle prices in the old vehicle industry. With the notable advancements like rising disposable incomes, surging internet access, and innovations in digital platforms (user-friendly interfaces, AI recommendations, virtual inspections), the future of old vehicle market looks brighter and have led to a wider pool of well-maintained, late-model old vehicles.

SAMIL: Your Complete Solution for Old Vehicles

We at Shriram Automall offer a wider selection of old vehicles at competitive prices, along with valuable services like vehicle history reports and on-site inspections. This caters to budget-conscious buyers who can find good deals while mitigating some risk. This transformation will solidify India's old vehicle industry as a mature and vibrant ecosystem, providing a compelling cost-effective alternative to buying new vehicles or equipment. SAMIL embarked on its journey in 2011, pioneering India's first professionally managed and organized Auction Platform for the trade of all kinds of old vehicles and equipment including cars, commercial vehicles, construction equipment, farm equipment, three-wheelers and two-wheelers.

With a track record of facilitating transactions for over 20 lakh old vehicles & equipment and other assets, serving more than 25 lakh registered customers across 135+ Automalls nationwide, SAMIL has demonstrated unparalleled dedication and commitment to its clientele in the old vehicle industry.

Vehicles and Equipment SAMIL Deals In

Old Cars

Under the brand BidnBuy, we have established online and phygital bidding platforms in the old vehicle industry for old cars. With over 4.5 lakh old cars sold across 135+ locations pan-India, customers can find all types of old cars, ranging from Hatchbacks to Convertibles.

Old Commercial Vehicles

Through our brand TopFleet, we facilitate online and phygital bidding events for old commercial vehicles, having successfully sold 5.8 lakh vehicles till date. Customers can explore different body types such as Trucks, Mini Trucks, Pickups, Tippers, LCVs, HCVs, Tractor Trailers, etc.

Old Construction Equipment

SAMIL has a one-stop brand in the old vehicle industry, HeavyEquip for old Construction Equipment, offering everything from machinery to parts. Till date, we have sold over 68,000 Construction and Earth Moving Equipment. Our customers can opt anything from Backhoe Loaders, Excavators, Motor Graders, Cranes, Cement Mixers from the plethora of choices.

Old Farm Equipment

FarmXplore offers various types of old Agricultural equipment necessary for farming purposes, including Tractors, Rotavators, Harvesters, Planting equipment, and more, all available at our multiple modes of auctions. With over 1.1 lakh farm equipment sold since inception, SAMIL has being contributing to the old vehicle industry of farming.

Old Two-Wheelers

FlybyRide offers advanced bidding platforms for old two-wheelers. Its covers everything on two-wheels ranging from motorcycles, scooters, mopeds, electric bikes, touring bikes, super bikes and more. Approximately, 5.6 lakh two-wheelers had been purchased by our customers and cherishing the flying experience.

Old Three-Wheelers

TrippleWheel has technological-driven bidding platforms for customers to explore a variety of old three-wheelers, including Cargo and Passenger Three-Wheelers, and E-Rickshaws, all at affordable prices, with 95,000+ successful sales completed.

Our customers can purchase any vehicle or equipment of their choice through any mode of bidding – Physically through 135+ Automalls, Phygitally through BidLive on MySAMIL App and Online through bids.samil.in or cartradeexchange.com. Additionally, SAMIL has endeavoured to establish a one-stop platform in the old vehicle industry of old vehicles and equipment for our customers along with customized services across six distinct categories aiming to ease the

Purchasing and Selling Processes of Old vehicle in SAMIL

1. Documentation Service: Streamlining bureaucratic procedures with consolidated solutions for RTO-related paperwork. We ensure you find everything from maintenance records to ownership history; and all other documentation essential for your vehicle's longevity.

2. Logistics Service: Tailored end-to-end unparalleled logistics solutions for seamless transportation of vehicles or equipment at your doorstep.

3. Parking Service: Secure storage solutions across 135+ locations nationwide for Banks, NBFCs, large dealers, fleet operators and other individuals.

4. Financial Service: Partnering with leading financial institutions to offer trade advance assistance and flexible financing options.

5. Insurance Service: Providing swift online insurance services with a wide array of policy options.

6. ThePriceX: Supported by advanced Machine Learning Algorithms, our state-of-the-art price prediction engine, ThePriceX service provides real-time market data and actual price prediction of old vehicles, empowering buyers and sellers, making informed decisions.

Expanding on Shriram Automall's Role in the old vehicle industry

Shriram Automall is at the forefront of revolutionizing the old vehicle industry. By creating a robust ecosystem that seamlessly connects buyers and sellers, we are transforming the way old vehicles and equipment are transacted in the old vehicle industry. Our comprehensive omni-channel platform ensures that customers have the flexibility to participate in bidding processes across online, physical, and phygital platforms, catering to diverse preferences and geographical locations.

Beyond providing a transactional platform, Shriram Automall is committed to building long-term relationships with our customers of old vehicle industry. We strive to create a transparent and trustworthy environment where fair market value is realized for both buyers and sellers in the old vehicle industry. Our data-driven insights and industry expertise enable us to offer intelligent solutions that optimize the lifecycle of old vehicles.

Through continuous innovation and a customer-centric approach, Shriram Automall is not just a platform but a partner in the growth and development of the old vehicle industry. We are dedicated to empowering our customers by simplifying the buying and selling process, reducing time-to-market, and maximizing returns on investment.

Conclusion

In conclusion, Shriram Automall is leveraging old vehicle industry and its platforms to make the old vehicle or equipment journey a seamless and hassle-free experience for our customers. By providing our well-structured omni-channel bidding platforms (Online, Physical and Phygital), we aim to be the pioneer of old vehicle industry that provides all-purpose old vehicle and equipment services.

For more details about our bidding platforms and SAMIL, visit our website www.samil.in.