Shriram Automall associates with OLA

To provide exchange and financial services

To drivers acquiring CNG Cars
Shriram Automall India Limited (SAMIL) along with Shriram Transport Finance Company
(STFC), alliances with OLA Cabs to facilitate the exchange of Commercial Cars and to
provide easy finance options to the drivers purchasing CNG Cars.
New Delhi, October 6, 2015: Shriram Automall India Limited (SAMIL), the one stop
destination for the disposal and acquisition of pre-owned vehicles and equipment along with
Shriram Transport Finance Company Limited (STFC) are entering into a strategic tie-up with
Ola which is Indias most popular mobile app for personal transportation. As part of the
partnership, drivers will benefit from efficient exchange mechanism and optimum price
advisory for their old cars through Shriram Automall as well as attractive finance schemes
with convenient repayment options from Shriram Transport Finance Company. The
agreement in which both the parties have entered states a mutual alliance which is
structured on Shriram Automalls holistic solutions that can add value to the complete
disposal process. The company expects thousands of drivers in the state of Delhi to
exchange their diesel vehicles for CNG vehicles over the next few months under this
scheme.
Throwing light over the tie-up, Sameer Malhotra, Chief Executive Officer from Shriram
Automall India Limited, said, We are happy to be associated with Ola in enabling drivers of
Delhi to adopt CNG. We are creating a marketplace for old diesel vehicles through our
transparent and dedicated disposal platforms (i.e., Physical & Online Bidding, Private Treaty
& Onestop Classified Kiosk) which will enable drivers to dispose their vehicles with ease and
derive fair deals. We also strive to make available optimum price advisory for their existing
vehicles as well as expedite attractive financing options through Shriram Transport Finance
Company allowing them to immediately purchase new CNG vehicle(s). Olas cutting edge
technology and focus on the ecosystem to promote CNG adoption in the state of Delhi is
indeed commendable.
Pranay Jivrajka, Chief Operating Officer from Ola said, We are committed to ensuring CNG
adoption on our platform in the state of Delhi. Over the past few months we have come up
with various initiatives to increase the number of CNG vehicles on our platform, to ensure
consumers have access to mobility within minutes at all times. At the same time, these
partnerships have gone a long way in protecting the interests and livelihoods of tens of
thousands of driver entrepreneurs in the state, giving them the benefit of smooth transition
on the platform. We urge citizens and driver-entrepreneurs in the city to continue their
commitment towards a cleaner and greener Delhi, as we bring together more such
partnerships benefitting drivers and users alike.
An ISO 9001:2008 certified Company with AA+ rating from CRISIL, Shriram Automall has
brought various unique practices within the pre-owned space of Indian Automobile industry
& being a strong player, the company also has a great portfolio to its credit in terms of
bidding and allied services.

About Shriram Automall India Limited (SAMIL)

Shriram Automall is one-of-its kind facility, is a wholly owned subsidiary of Shriram
Transport Finance Company (STFC). It is India's first-ever service provider that offers
various well organised and transparent bidding platforms, including physical, online, one
stop classified and negotiated deals, for acquisition & disposal of pre-owned commercial
vehicles, construction & industrial equipment, tractors & agricultural equipment, passenger
vehicles, three wheelers and two wheelers. Company has its presence all over the country
with its already established 52 Automalls and 100+ bidding locations. The company has
been awarded ISO 9001:2008 certification for its Quality Management System and rated
AA+ from CRISIL.
About Shriram Transport Finance Company Limited (STFC)
Shriram Transport Finance Company Limited is the flagship company of the Shriram group
which has significant presence in Consumer Finance, Life Insurance, General Insurance,
Stock Broking and Distribution businesses. Established in 1979, Shriram Transport is today
the largest asset financing NBFC in the country and holistic finance provider for the
commercial vehicle industry and seeks to partner small truck owners for every possible need
related to their assets. It has PAN India presence with 770 branch offices. Based at Mumbai,
it manages assets on Balance sheet over Rs 60,000 crores and has a live customer base of
app. 12 lacs.
For more information, please contact:
Ms. Jyoti Jain (NH-Marketing of SAMIL)
SHRIRAM AUTOMALL INDIA LIMITED
2nd Floor, Best Sky Tower,
F-5, Netaji Subhash Place,
Pitampura, Delhi-110034
Tel: 011-41414444
Fax: 011-42414444
E-Mail: contact@samil.in
Website: www.samil.in