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Shriram Automall India Ltd (SAMIL), a wholly—owned arm of Shriram Transport Finance Co (STFC), today joined hands with Escorts Ltd to help its authorised dealers to sell pre-owned tractors.
As per the agreement, SAMIL is entitled to conduct exclusive bidding events at the dealers’ premises of Escorts and facilitate disposal at its yards as well, the company said in a statement.
“Moreover, the company is also going to make a way out for Escorts’ tractors through its online bidding platform and private treaty negotiated deals,” it added.
Commenting on the partnership, SAMIL CEO Sameer Malhotra said: “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.”
The current fiscal is expected to witness robust growth in infrastructure due to which tractors’ journey in India is likely to pick up pace, he added.
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