Shriram Transport Finance Company Limited, India's largest asset financing company, has launched the Shriram Automall in Aurangabad. The Automall brings to the city, the country's first single-window destination for trade of pre-owned trucks. Mr U G Revankar, Deputy Managing Director, who graced the occasion, inaugurated Shriram Automall in Aurangabad.

The facility spread across a sprawling 2 lakh sq.ft feet space, is the first-of-its kind initiative, which will give access to the country's large community of truck-owners to trade their vehicles in a hassle-free manner. Apart from trading of trucks, Automall also facilitates the owners to seek financing and insurance options, as well as provides major and minor repair facilities. As an add-on facility, rest rooms for travel fatigued truck drivers and cleaners are also provided. The company plans to have a PAN India network of 50 such Automall strategically located on important highways of the country.

"The Automall is a one stop which facilitates the buying and selling of used commercial vehicle and will also assist registration of an Individual buyer's requirement. Road transport is the lifeline of India's growing economy. Automall will benefit truckers by promptly replacing their vehicles, leading to modernization of the country's trucking fleet. The facility will house hundreds of pre-owned vehicles both in as-is-where-is and refurbished condition and truckers will be able to trade in a transparent manner. This is the first Automall in Aurangabad and we hope that it brings progress and eases life of the truckers," said Revankar, speaking on the occasion.

The Automall also houses Shriram One Stop, a computerised touch screen kiosk that is a virtual Truck Bazaar, providing real time information about used commercial vehicles available for sale and simultaneously facilitate registration of individual buyer's requirements. One Stop will bring more transparency in the process of buying and selling used commercial vehicles.

The Automall includes Shriram New Look, wherein refurbished pre owned commercial vehicles are put on display for buying with inbuilt financing options. 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.