Shriram Finance Ltd.

Shriram Transport Finance Company (STFCL), India’s largest asset financing company, has unveiled Shriram Automall in Gurgaon, the country’s first single- window destination for trade of pre-owned trucks. The facility spread across a sprawling over 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. 

At the Automall, apart from trading of the truck, the truck-owner will also be able to explore financing and insurance options as also minor and major repair facilities. Rest rooms for travel fatigued truck drivers and cleaners are also provided as an add-on facility. The overall plan is to have 50 such facilities strategically located on important highways of country covering a pan India population of Commercial Vehicle highway users.

The Automall will also house Shriram One Stop, a computerized touch screen kiosk which will be a virtual Truck Bazaar, providing real time information about used commercial vehicles available for sale and simultaneously facilitates registration of individual buyer’s requirements. One Stop will bring more transparency while buying and selling used commercial vehicles.

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

STFCL is the flagship company of the Chennai based Shriram Group and is classified as deposit taking asset finance NBFC, with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators. It is the largest asset financing NBFC in India concentrated mainly in pre-owned vehicle financing business.