Shriram Automall and Volvo CE Team Up for Pre-Owned Construction Equipment Industry

Key Highlights

• Shriram Automall (SAMIL) and Volvo CE form a strategic partnership.
• Efficient management of used construction equipment.
• Utilizes 135+ Automalls, online portals, and the MySAMIL App.
• Comprehensive support services: parking, inspection, valuation, and documentation.
• SAMIL has completed 68,000+ pre-owned equipment transactions.
• Accurate pricing with The PriceX prediction engine.
• Positive feedback from both companies' executives.

Shriram Automall India Limited (SAMIL) has announced a strategic partnership with Volvo Construction Equipment (Volvo CE). This partnership aims to boost the pre-owned construction equipment industry in India. SAMIL's strong auction platforms and wide network will play a crucial role in this collaboration.

Efficient Management of Used Equipment

The partnership will help Volvo CE and its dealers manage their used construction equipment more effectively. SAMIL's "phygital" auction platforms, which include over 135 Automalls across India, online portals (cartradeexchange.com and bids.samil.in), and the MySAMIL App, will allow Volvo CE to offer competitive exchange deals to customers.

Comprehensive Support Services

SAMIL will provide comprehensive support services to Volvo CE customers. These services include parking, inspection, valuation, and documentation, ensuring a smooth and efficient experience for those buying and selling used construction equipment.

Proven Expertise in the Industry

Over the past 13 years, SAMIL has successfully completed over 68,000 transactions involving pre-owned construction equipment. Their expertise in vehicle and equipment valuation is well-known. SAMIL's prediction engine, The PriceX, uses advanced data analytics to provide accurate pricing, ensuring fair transactions for all parties involved.

Statements from Leaders

Dimitrov Krishnan, Managing Director of Volvo CE India, expressed his excitement about the partnership. He stated, "Our agreement with SAMIL will provide a seamless channel for our customers and dealers to actively engage in the trade-in and sale of used equipment. SAMIL's extensive network of physical machine stockyards and their robust digital capabilities will support our dealer network in facilitating used product trades."

Sameer Malhotra, Director & CEO of SAMIL, also shared his enthusiasm. He said, "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 assured to create new opportunities and drive growth in the used construction equipment sector."

Also Read: Volvo CE India Launches New EC210 Excavator to Boost Market Share

CMV360 Says

The partnership between Shriram Automall and Volvo CE is set to bring significant benefits to the pre-owned construction equipment industry. With SAMIL's extensive experience and Volvo CE's robust network, this collaboration is expected to create new opportunities and drive growth in the sector.