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Samil India

Delhi, Ghaziabad, Uttar Pradesh

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Company Overview Shriram Automall India Limited (SAMIL), an ISO 9001:2008 certified company with AA+ rating from CRISIL, pioneers in serving the most organised bidding platforms to facilitate the trade of used vehicles and equipment. History The inception of Shriram Automall India Limited (SAMIL) dates back to February, 2011. In quest of providing well-structured bidding platforms to facilitate the acquisition or disposal of pre-owned vehicles and equipment....
Vision To be the largest exchange platform for trading pre-owned assets with tangible physical presence spanning all major cities of India providing high quality services continually striving to connect prospective customers. Mission SAMIL is committed to total customer satisfaction and continual improvement in performance by providing with complete transparency in every transaction thereby building trust, reliability and value for the customers.
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Nature of Business

Retailer

Physical  Bidding Services
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Physical Bidding at SAMIL is represented by a huge Automall where a wide spectrum of pre-owned vehicles and equipment walk on the ramp for live bidding. All the registered customers can participate in these live bidding events to acquire a used vehicle and also gain an insight on price trends in the market.


Steps of Participation in Physical Bidding

  • Physical Inspection of Vehicles

    SAMIL’s physical bidding platform gains an edge for facilitating the physical inspection of vehicles. Two days prior to a bidding event, the pre-owned vehicles are put on display in an Automall. People can visit the Automall and make a choice after properly examining the vehicles.

  • Registration

    The day on a physical bidding event starts with the registration of customers. To participate in the live bidding of pre-owned vehicles and equipment, customers fill the registration form at registration counter.

  • RSD Amount Submission

    After filling the form, the customer submits the Registration Security Deposit (RSD) amount of Rs. 19,999/-. Post submission, he is given a ‘Bidder Book’ containing information about the inventory list to be disposed in the bidding event.

  • Be Seated In Automall (Bidding Hall)

    After all the formalities, the bidder walks into the bidding hall where the announcer communicates the Company overview along with the terms and conditions of bidding.

  • Watch the Vehicle Ramped

    Bidders watch a wide variety of used commercial vehicles, construction equipment, tractors, cars & SUVs, 3 wheelers, and 2 wheelers displayed on a ramp for disposal. The vehicles walk on the ramp in a sequence as mentioned in the bidder book.

  • Bid on Desired Vehicles

    Bidders listen to the announcer carefully and patiently in order to bid correct amount on their desired vehicle. As per the choice made in advance, they wait for that vehicle to walk on the ramp.

  • Highest Bidder Wins

    To win a vehicle, bidders make sure that their quoted amount is the highest. Out of all bids received, only the highest quote wins. That winning moment creates utmost excitement in the bidding hall.

  • Post Successful Bid

    Once a bidder quotes the highest bid on a vehicle, his RSD amount is deducted from the price quoted by him. Successful Bidder has to pay a minimum ten percent (10%) of the highest bid amount of the asset to Seller/Owner on the same day of declaration and balance amount should be paid within seven (7) calendar days from the date of declaration.

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Online Bidding Services
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Online Bidding Services

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With Online Bidding, SAMIL enhances the reach of pre-owned vehicles and equipment while taking them to a huge number of customers sitting at home. On this platform, one can participate in multiple bidding events at the same time to bid on various types of assets, including used commercial vehicles, construction equipment, tractors,buses, cars & SUVs, 3 wheelers and 2 wheelers. SAMIL conducts more than 700 online bidding events, every month. To bid online, visit bids.samil.in and follow the following steps:

  • Registration

    To participate in SAMIL’s online bidding event, it is mandatory to get registered first. A customer can get the registration done through the ‘Register Now’ link on the website. In registration, the customer is supposed to submit his documents and post registration; he can login from ‘Sign In’ link while using the ID and Password assigned to him.

  • Online Training

    To make online bidding simply effortless for the user, SAMIL facilitates ‘Free Online Training’. Through this training, the company makes an initiative towards making online bidding a wow experience for the people. You can call on our toll-free number, 1800 102 4141, for free online training.

  • Compulsory Inspection of Vehicles

    Around 2-3 days prior of the online bidding event, prospective bidders can download used vehicle inventory list for thorough inspection of the vehicles. Shortlisted vehicles can be added to a personalised bidding page using ‘My Watchlist’ tool. This tool enables the user to concentrate only on selected vehicles out of the total inventory list available.

  • RSD Submission Prior to Participation

    Before participating in an online bidding event, a bidder is supposed to submit Registration Security Deposit (RSD) amount. Post deposit only, a bidder can take part in the bidding event.

  • Highest Bidder Wins

    While all the bidders bid on the vehicles, only the highest bidder wins the race.

  • Seller Approves / Rejects Bid

    Winning the bid does not always mean that the vehicle belongs to the bidder. It is the seller who can either approve or reject the bid. Post his approval only, the bidder can own the vehicle.

  • Direct Payment to the Seller

    The final payment for the vehicle is made directly to the seller. And post payment, the bidder can take the delivery of the vehicle.

  • Facilitation Fees to SAMIL

    As a mediator between buyer and seller, SAMIL is entitled to a facilitation fees which the bidder pays to the company.

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Private Treaty
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Private Treaty

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Under Private Treaty, SAMIL conducts negotiated deals. As a mediator, the company bridges the gap between people who wish to acquire or dispose pre-owned vehicles and equipment. High level of transparency is maintained at every step of these deals through an online record of quotes. In the presence of various players facilitating such kind of services, SAMIL earns an edge for earning the trust of thousands of people around the country. Here’s how a negotiated deal is conducted at SAMIL.

  • Once a customer approaches SAMIL for the disposal of his pre-owned vehicles or equipment, the same asset is uploaded on the company’s website which observes a great number of visits every day.

  • Based on the pre-owned vehicle and equipment uploaded on the website, a bidder can show interest by using process and registration form

  • The prospective bidders need not to get any registration done. They only have to submit RSD amount of Rs. 19,999 or 10% of the vehicle cost, whichever is higher.

  • Once a quote is approved, the bidder is supposed to fill a Proxy Bid Form.

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