Shriram plans to open 50 automalls

Shriram Transport Finance Company's  subsidiary firm Shriram Automall plans to open 50 automalls by 2013. It with an investment of around Rs 100 crore.

Mr. U.G. Revankar, Deputy Managing Director, Shriram Transport Finance, "Automall is a unique platform for the second-hand trucks market. Automall will benefit truckers in promptly replacing their vehicles. We plan to roll out 50 such centres over the next three years," said

Each Automall will come up on  about 3-4 acre plot of land with an investment of around Rs 1.5 crore and will function on a lease basis.

The Shriram Automall has launched its 4th Automall at Panvel over the weekend. It already has 3 Automalsl in Delhi, Baroda and in Chennai.

The company plans to open two more Automalls in Hyderabad and Jaipur by the end of this fiscal (2011-12).

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