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Shriram Automall Partners With Volvo CE To Transform Pre-Owned Construction Equipment Sector
India's largest online and physical pre-owned marketplace for vehicles and equipment, Hriram Automall India Limited (SAMIL), has announced a strategic partnership with Volvo Construction Equipment (Volvo CE).
This partnership will allow Volvo CE and its dealers to efficiently manage their exchange, demo, and surplus inventory of used construction equipment by utilizing SAMIL's established auction platforms. SAMIL offers 135+ Automalls across India, state-of-the-art online auction portals, and solutions through the MySAMIL App.
This partnership will provide accessibility and convenience for Volvo CE, enabling them to offer competitive exchange deals to their customers. SAMIL also provides end-to-end support services, including parking, inspection, valuation, and documentation, ensuring a seamless and efficient experience for Volvo CE customers.
SAMIL has a proven track record in the pre-owned construction equipment market, with over 68,000 transactions completed in the past 13 years. The company specializes in vehicle and equipment valuation, ensuring optimal pricing and fair transactions through its prediction engine, The PriceX. By utilizing advanced data analytics, SAMIL offers unparalleled insights and reliable value-adding services, fostering a deep understanding of the market.
Dimitrov Krishnan, Managing Director of Volvo CE India, expressed his satisfaction with the agreement with SAMIL. He highlighted the growth in the used equipment trade in the Indian construction equipment market and emphasized the importance of a seamless channel for customers and dealers to engage in trade and sale of used equipment.
Krishnan praised SAMIL's wide network of physical machine stockyards and robust digital capabilities (Phygital) for supporting Volvo CE's dealer network in facilitating used product trades.
Sameer Malhotra, Director & CEO of SAMIL, expressed his excitement about partnering with Volvo CE. He emphasized that this partnership will enhance the value proposition for Volvo CE dealers and customers across India by leveraging SAMIL's extensive network, expertise, and Phygital solutions.
Malhotra also highlighted the commitment of SAMIL to providing comprehensive and innovative solutions to its partners and customers. He stated that this partnership represents a significant step forward in SAMIL's journey to revolutionize the used construction equipment business in India.
The strategic partnership between SAMIL and Volvo CE will support business expansion by expanding market reach and reputation for used construction equipment. Volvo CE will benefit from SAMIL's extensive network and valuation experience, which will enhance trade-in possibilities and increase customer satisfaction and loyalty.
Similarly, SAMIL customers will gain access to an extensive range of pre-owned construction equipment across India, fulfilling their requirements. This partnership is expected to create new opportunities and drive growth in the used construction equipment sector.
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