Shriram Automall auctions over 79,000 used cars in one day

Shriram Auto Mall India Ltd. (SAMIL) auctioned more than 79,000 used cars and other assets in a single day and settled transactions worth more than £2.15 billion, said Sameer Malhotra, Director and CEO.

SAMIL is a marketplace for used vehicles and other assets. Every year it conducts an auction in the Phygital format (SAMIL Utsav), in which sellers of used vehicles and other assets from various segments such as cars, trucks, construction machinery, agricultural machinery, two-wheelers and three-wheelers participate.

This year more than 14,500 vehicles and other assets were on display for the auctions with more than 30,000 customers from over 100 cities attending the event. It resulted in the processing of more than 79,000 used cars and other assets, it said in a statement.

On February 26, SAMIL inaugurated a new facility in Noida and intends to launch more in calendar year 2022.

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