Monday 11 May 2015

UBI, Shriram Automall tie up for disposal of seized vehicles & equipment

United Bank of India (UBI) has entered into an agreement with Shriram Automall India (SAMIL) for the disposal of all types of vehicles seized in NPA accounts.

SAMIL will provide parking, refurbishing, auction & transfer facilities for the seized vehicles. The agreement was signed at Bank's head office in presence of GM Recovery, UBI, Rathin Dey and Phalguni Hari Pillai, GM Business Development, SAMIL.

Sameer Malhotra, CEO, SAMIL quoted, "We are gradually heading towards a strong presence within the banking sector. At this initial phase of our tie-up with United Bank of India, (Q,N,C,F)* we have promised regular physical bidding events across our 50 well-structured Automalls. We aim at serving the bank with our specialised approach in the business of pre-owned vehicles and equipment.  We expect a good business from United Bank of India having more than 2000 branches and 35 regional offices with pan India presence."

Thursday 7 May 2015

Towards a Simpler Life on Used Car!

There was a time in my life when every place was just so far. Even that nearby market with the best collection for my shopping always appeared distant on foot. It was quite a hectic schedule until I bought my first second-hand car. I had just started working in a Company which was two hours away on a public transport.  That long exhausting journey actually pushed me towards buying a pre-owned car because money was a little constraint during those days.

Used Cars

I had just started with a new job and my search for used cars was restricted only to the internet. Thousands of websites with thousands of options! I was quite amazed to see the variety while just sitting at home. During my search, I landed onto the page of Shriram Automall’s website – bids.samil.in. They had this amazing concept of online used cars bidding. The variety was great and quite aptly suited my choice as well. So, I decided to participate in one of their online bidding events.
The online used car bidding experience was just so thrilling. I had chosen my car and the moment bidding started on it, I simply stuck myself on a chair and played the bid game. I had to win it; so I ensured my bid to be the highest. And yes, it made me the winner of my chosen used car. It has been a year that I am the owner of that second hand car. Those long distances have now become shorter and I lead a simpler life with my used car.       


“At SAMIL, we give utmost importance to our online presence through bids.samil.in for the used cars segment. Those huge physical marketplaces are gradually shifting to the world of internet and we are eyeing at a leading position within the space.” – Mr. Sameer Malhotra, CEO, SAMIL  

Tuesday 5 May 2015

Sameer Malhotra - A Path finder To Success

Sameer Malhotra, CEO Shriram Automall India Limited (SAMIL), is counted as a veteran in the infrastructure and construction equipment industry. Bagging a deep depth experience of over 20 years, Mr. Malhotra has been showing his expertise in Shriram Automall ever since its establishment in 2011.