Hyderabad, November 21, 2012: Shriram Transport Finance Company (STFC) launched its 11th Shriram Automall in Hyderabad today. Vinod Dasari, managing director, Ashok Leyland, inaugurated the facility.
The Shriram Automall initiative is for the trading of pre-owned commercial vehicles, infrastructure and agricultural equipment in an organised and transparent manner. Apart from vehicle transactions, the Automall helps customers seek financing and insurance options as well as provides refurbishment solutions for vehicles. As add-on facilities, the Automall also provides rest rooms for travel-fatigued truck drivers/cleaners and parking services. The company plans to expand its India network to 60 key cities by 2013. Such Automalls, spread across 15-20 acres each, quipped with secured stockyards, will be strategically located on important highways of the country.
“Automall in Hyderabad, will provide a major boost to commercial vehicle owners across India. Our objective is to bring greater transparency and value-added services to commercial vehicles and the equipment trading industry in India. The facility will house hundreds of pre-owned commercial vehicles both in as-is-where-is and refurbished condition. On the backdrop of government’s decision to prioritize infrastructural development of the nation as per 12th Five Year Plan, this initiative will provide ample support to the growing needs of transportation and infrastructure industries,” said Umesh G Revankar, managing director, Shriram Transport Finance Company Limited, at the launch.
Like other Automalls, the Hyderabad unit also houses value-added services such as 'Shriram One Stop' and 'Shriram New Look'. While Shriram One Stop is a computerised touch-screen kiosk which is a virtual truck bazaar, providing real-time information about used CVs available for sale, Shriram New Look offers a platform for transaction of authentic vehicles. Old trucks from the market are refurbished and sold under this brand name.
Photograph: Arun Duggal, chairman of the Shriram Group, Vinod Dasari, MD, Ashok Leyland, Ashok Revankar, MD, STFC, and Sameer Malhotra, CEO, STFC at the inauguration.