Shriram Automall India Limited (SAMIL), a 100pc subsidiary of Shriram Transport Finance Company (STFC), has joined with Escorts Limited to assist its authorised dealers in the disposal of pre-owned tractors.
Sameer Malhotra, CEO of SAMIL said that India, being an agricultural land portrays great potential for the tractor industry to grow. The current fiscal is expected to witness robust growth in infrastructure due to which tractors’ journey in India is likely to pick up pace. “A tie-up with Escorts is structured on the ground of providing a completely organised and transparent platform through which they can carry out the disposal of their pre-owned tractors”, he said.
As per the agreement, SAMIL is entitled to conduct exclusive bidding events at the authorised dealers’ premises of Escorts and facilitate disposal at its yards as well. Moreover, the company is also going to make a way out for Escorts’ tractors through its online bidding platform and private treaty negotiated deals. Under this association, both SAMIL and Escorts will work together while understanding the dynamics of pre-owned tractor market.
Marelli, a global mobility technology supplier to the automotive sector, announces the launch of its new generation Port Fuel Injection Engine Control Units (PFI ECUs) dedicated to gasoline, flex fuel...
Chiltier, a wearable climate technology company, has announced the launch of its much-anticipated Hydro Vest, a thermoelectric personal cooling and heating system. The vest has been designed to help u...
Apollo Tyres Ltd has formally inaugurated its state-of-the-art dedicated outdoor tyre testing facility at Ivalo, Finland. The setting up of this facility was announced few months back and it became fu...