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Shriram Automall India Limited (SAMIL), a platform for the exchange of pre-owned vehicles and equipment, joined hands with the State Bank of India (SBI) to extend the benefits of its holistic solutions for the disposal of all types of pre-owned vehicles and equipment.
Under this alliance, Shriram Automall will cater to all the segments of the SBI, including pre-owned commercial vehicles, construction equipment three wheelers and two wheelers.
"This is a proud moment for all of us at Shriram Automall, getting associated with State Bank of India; India's leading bank is a proof that our professional services for acquisition and disposal of pre-owned vehicles and equipment have been accepted very well," Sameer Malhotra, CEO, Shriram Automall India Limited.
"With this association, we are eyeing to get the maximum benefit through Shriram Automall's expertise in the pre-owned automobile space. We are confident of generating good revenues from our inventory through their effective resale platforms" added Surendra Rana, DGM, SBI.
The agreement was signed at the SBI Corporate centre, Madam Cama Road, SBI Bhuvan, Nariman Point in Mumbai. The service provider will certify the market value of every vehicle and help completely in the decision-making process. Moreover, the 24*7 parking facility will ensure safety of vehicles and refurbishment will increase their market value.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)