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SAMIL AND VOLVO CE ANNOUNCE STRATEGIC PARTNERSHIP TO REVOLUTIONIZE PRE-OWNED CONSTRUCTION EQUIPMENT INDUSTRY
SAMIL AND VOLVO CE ANNOUNCE STRATEGIC PARTNERSHIP TO REVOLUTIONIZE PRE-OWNED CONSTRUCTION EQUIPMENT INDUSTRY
Bangalore, June 19, 2024: Shriram Automall India Limited (SAMIL), India’s Largest Phygital Pre-owned Marketplace for Vehicles and Equipment, proudly announced a strategic partnership with Volvo Construction Equipment (Volvo CE).
This partnership will enable Volvo CE and their dealers to efficiently manage their exchange, demo & surplus inventory of used construction equipment with access to SAMIL's established Phygital Auction platforms which includes 135+ Automalls across India, state-the-art online auction portals (cartradeexchange.com and bids.samil.in) and Phygital solutions through MySAMIL App. This ensures accessibility and convenience for Volvo CE, allowing them to offer competitive exchange deals to their customers. Additionally, SAMIL provides end-to-end support services, including parking, inspection, valuation, and documentation, assuring a seamless and efficient experience for Volvo CE customers.
With over 68,000 pre-owned construction equipment transactions completed in the past 13 years, SAMIL boasts a proven track record. Its expertise extends to precise vehicle and equipment valuation, ensuring optimal pricing and fair transactions through its prediction engine, The PriceX. Utilizing advanced data analytics, SAMIL provides unparalleled insights and reliable value-adding services, fostering a deep understanding of the market.
Dimitrov Krishnan, Managing Director, Volvo CE India said, “Indian CE market is getting matured and one of the signs is the growth in used equipment trade. In this regard, we are extremely pleased with our agreement with SAMIL which will provide a seamless channel for our customers and dealers to engage actively in trade in and sale of used equipment. SAMIL's wide network of physical machine stockyards and their robust digital capabilities (Phygital) will support our dealer network enormously in facilitating used product trades.”
Sameer Malhotra, Director & CEO, SAMIL said, “We are thrilled to partner with Volvo CE, a brand renowned for quality and reliability, to empower their exchange programme. By leveraging our extensive network, expertise and Phygital solutions, we aim to enhance the value proposition for Volvo CE dealers and customers across India. This partnership further reinforces our commitment to providing comprehensive and innovative solutions to our partners and customers. Together, we are poised to create new opportunities and drive growth in the Used Construction Equipment sector.This partnership with Volvo represents a significant step forward in SAMIL's journey to revolutionize the Used Construction Equipment Business in Pan-India. We look forward to a successful collaboration that brings immense value to all.,”
The strategic partnership between SAMIL and Volvo CE will support business expansion by expanding market reach and reputation for used construction equipment. Volvo CE gains an extensive network and valuation experience, which enhances trade-in possibilities and increases customer satisfaction and loyalty. Similarly, SAMIL customers will get access to an extensive range of pre-owned construction equipment across India that will further fulfil SAMIL customer’s requirements.
ABOUT SHRIRAM AUTOMALL INDIA LIMITED (SAMIL)
Shriram Automall India Limited (SAMIL), an ISO 9001:2015 certified company, is India’s leading Marketplace connecting pre-owned vehicles and equipment buyers and sellers. SAMIL began its journey in 2011 by setting up India's first professionally managed and organized Auction Platform for buying and selling pre-owned cars, commercial vehicles, construction equipment, farm equipment, three-wheelers, two-wheelers, etc.
Backed by CarTrade Tech Limited and Shriram Finance Limited, SAMIL has over 1,400 employees and more than 135+ Automalls across India. SAMIL conducts thousands of auction events every month through its Phygital platforms (Automalls) and online platforms cartradeexchange.com & bids.samil.in. SAMIL also provides vehicle inspection and valuation services through Adroit Auto, precise used vehicles & equipment pricing through ThePriceX and industrial auction of properties, plant and machinery, commodities, and scrap, salvage and surplus assets through 123done.in.
For more information about Shriram Automall and its group companies and services, visit samil.in.
Contact Information:
Mrs. Vibha Sarin Prabhakar
Chief Experience Officer
Shriram Automall India Limited (SAMIL), Delhi | India
Tel: +91.11.41414444
Fax: +91.11.42414444
E-Mail: contact@samil.in
Website: www.samil.in