Shriram Automall closes deal with Ashok Leyland for commercial vehicles

29 Dec 2021 CW Team

Shriram Automall India Limited (SAMIL) has signed an agreement with Ashok Leyland to launch an exclusive platform for pre-owned commercial vehicles.

The physical and digital platform for pre-owned vehicles, the phygital platform, will facilitate the exchange, disposal and purchase of the old commercial vehicles. It will manage the pre-owned vehicle market by leveraging its digital auction with over 100 auto malls across India.

With this agreement, SAMIL will provide online and offline auction platforms to all the potential buyers visiting Ashok Leyland to sell their old vehicles and purchase new ones with a quick turnaround time.

CEO of SAMIL, Sameer Malhotra, said that through the original equipment manufacturers (OEMs) of the commercial vehicles and phygital platforms, with over 100 auto mall networks in India, the company aims to create entire mobility solutions for buyers and sellers. Shriram Automall India Limited (SAMIL) has signed an agreement with Ashok Leyland to launch an exclusive platform for pre-owned commercial vehicles.

The customers can also take advantage of other benefits, including parking, logistics, trade finance and insurance from SAMIL, to make the asset procurement process easier. It will manage the pre-owned vehicle market by leveraging its digital auction with over 100 auto malls across India.

With this agreement, SAMIL will provide online and offline auction platforms to all the potential buyers visiting Ashok Leyland to sell their old vehicles and purchase new ones with a quick turnaround time.

Sanjay Scrappage, Head of Medium and Heavy Commercial Vehicle, Ashok Leyland, said that this initiative with a digital solution would serve as an easy-to-use touchpoint for the customers. It will further help in implementing the Scrappage Policy, launched on 13 August, at the base level and help the company to move towards a greener future.

Image Source

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..