After having initiated the organised pre-owned two-wheeler market in India, Honda Motorcycle & Scooter India Private Limited has now announced Shriram Automall as its new partner in the venture. Honda already has 60 certified pre-owned two-wheeler retail outlets under the brand name, Best Deal, that is spread across 11 states in India.
The company says that this structured approach to the sale of pre-owned two-wheelers offers myriad advantages such as transparent dealings, maximum valuation for sellers and proper documentation. While announcing the new partnership,Â YS Guleria, vice president, sales and marketing, Honda Motorcycle & Scooter India, said, âWe are proud that Honda has been at the forefront of ushering in thisÂ landmark initiative that would endow benefits like trust and assurance of transparent dealing for all stakeholders. Currently the contribution of pre-owned two-wheeler market is estimated to be 15 per cent of overall sales, but the potential is immense. At present, the industry lacks an organised and reliable structure. Through this tie-up we aim to bridge this gap.â
The collaboration also allows potential buyers to bid for motorcycles, both online as well as offline. Shriram Automall also has a web portal which will host regular online biddings for pre-owned motorcycles. Customers can also exchange motorcycles of a different make for a new Honda. The entire set up promises a quick and hassle free process to obtain a two-wheeler.
Â Honda’s 2015 line-up has already starting populating the Indian market, with its 150cc-plus segment contender, theÂ Unicorn 160Â already in showrooms.
Honda partners Shriram Automall
|Mumbai, January 21, 2015: Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the only Honda in Indian two-wheeler industry in its yet another industry-first initiative steps forward to organize the pre-owned two-wheeler market. Honda announces exclusive tie-up with Shriram Automall India Limited (SAMIL), a one-of-its kind wholly owned subsidiary of Shriram Transport Finance Company (STFC) to cater to the pre-owned 2-wheeler segment.
As an industry pioneer, Honda had earlier initiated the concept of Certified Pre-owned Outlets under the brand name of âBest Dealâ to serve the organized pre owned 2wheeler market. Within a span of 2 years more than 60 Best Deal outlets are now operating in 11 different states of India.
The new tie-up would offer a reliable solution for transactions of pre-owned 2 wheelers. Honda outlets will act as one point contact for customers. The existing Best Deal shall be able to exchange the Old Honda vehicle & deliver that to a Used Vehicle Buyer with refurbishment & certification. At the same time, the tie-up with Shriram Auto Mall will bring in a unique pre-position for Non-Honda vehicles replaced against New Honda Vehicle. Bidding process for such used Non-Honda vehicles will be conducted by Shriram Auto Mall with proper documentation & at Fair Pricing.
â˘ One stop solution for pre-owned 2 wheelers transactions
â˘ Online and Physical bidding of the products
â˘ Fair valuation of the products by professionals and experts
â˘ Private Treaty and One Stop Classified Kiosks stock access
â˘ Prior inspection of vehicle before physical bidding
â˘ Parking facility for vehicles
â˘ Proper documentation of inventory and insurance services
Using methodical process of valuation for the pre-owned two-wheelers, the sellers can be assured of the maximum value for their old 2 wheeler and buyers will have multiple purchase options. Also, customers can conduct inspection of vehicles prior to the physical bidding process.
Speaking about this landmark tie-up, Mr Y.S. Guleria, Vice President, Sales and Marketing, HMSI, said, âWe are proud that Honda has been at the forefront of ushering in this landmark initiative that would endow benefits like trust and assurance of transparent dealing for all stakeholders. Currently the contribution of pre-owned two-wheeler market is estimated to be 15% of overall sales, but the potential is immense. At present, the industry lacks an organised and reliable structure. Through this tie-up we aim to bridge this gap.â
Mr. Sameer Malhotra, CEO of SAMIL, said, âWe are delighted to announce our exclusive tie-up with Honda to create an organized market for pre-owned 2 wheelers. With our successful pilot, we are optimistic about the fast growth within very first year of this tie up. Customer convenience, hassle-free transactions, on ground events for physical bidding apart from Online Bidding, Private Treaty and One Stop Classified Kiosks will surely create a huge pull.â
SAMIL will organize regular events and online bidding platform, specifically catered to selling pre-owned 2 wheelers of HMSI through multiple platforms dedicated to the business ensuring national reach.
SAMIL has a specialized web-portal, bids.samil.in, where it holds more than 400 bidding events, every month. In 2014, it conducted over 4000 online bidding events. All the techno-savvy customers are targeted through this platform