Shriram Automall in pact with Escorts for disposal of tractors

Shriram Automall today said it has tied up with leading tractor maker Escorts to help the latter's authorised dealers dispose their pre-owned tractors.
Shriram Automall India Ltd (SAMIL), a wholly-owned subsidiary of Sriram Transport Finance Company, provides a platform for the trading of pre-owned commercial vehicles, construction and agricultural equipment.
"A tie-up with Escorts is structured on the ground of providing a completely organised and transparent platform through which they (the authorised dealers) can carry out the disposal of their pre-owned tractors", SAMIL Chief Executive Sameer Malhotra said.
The current fiscal is expected to witness robust growth in infrastructure due to which tractor usage in the country is likely to pick up pace, he said.

Under the tie-up, SAMIL will be entitled to conduct exclusive bidding events at the dealers' premises of Escorts, India's third-largest tractor maker, and facilitate disposal at its yards as well, a company release said here.