The history of three-wheelers dates back to the early 20^th century with their introduction to India's urban and rural transportation landscape for bridging the gap between bicycles and cars. Commonly known as auto-rickshaws or tuk-tuks, Three-wheelers have evolved significantly as per society’s needs and preferences in the transportation sector.

Early Beginnings and Growth

The early three-wheeler vehicles were simply designed, pedal-powered, and difficult to ride. However, with the advancement of technology in the mid-20th century, the introduction of motorized versions marked a significant turning point. These early motorized three-wheelers mainly covered short-distance travels within cities and reduce the time and energy consumption.

In the 1960s and 1970s, three-wheelers became increasingly popularized with the demand of transportation. They were favoured for their compact size, allowing them to cross the congested streets with ease. 

As the years passed, three-wheelers evolved when manufacturers began to focus on improving fuel efficiency, reducing emissions, and enhancing safety features. Thus, modern technological-driven three-wheelers are more comfortable with cushioned seats, ergonomically designed and low operating costs. Further, making them a preferable choice for small business owners and entrepreneurs, who used them for transporting goods and passengers alike. The introduction of electric three-wheelers further pioneered the three-wheelers industry, offering a cleaner and more sustainable green-alternative towards traditional gasoline-powered vehicles.

The Role of SAMIL in the old Three-Wheeler Industry
 
Over the previous 13 years, Shriram Automall India Limited (SAMIL) has cemented its leadership position in the old vehicle market, with notable contributions to the older three-wheeler segment. The need for affordable transportation options is growing, and SAMIL has been instrumental in enabling the exchange of old three-wheelers, providing a reliable platform to the buyers and sellers.

SAMIL’s Omni Channel is future 

SAMIL has recognized the value that old three-wheelers hold, especially in regions where new vehicles may be out of reach for many. By providing an Omni-Channel, physical and online bidding platforms for the buying and selling of old three-wheelers, SAMIL has helped bridge the gap in the old vehicle market across the country. This is making three-wheelers transaction process, a seamless one for individuals and businesses to acquire their preferred vehicles at less price.

Through its extensive network of auction platforms, SAMIL has brought transparency and trust to the old three-wheeler vehicle market. From passenger auto-rickshaws to goods carriers, buyers can access a wide range of old three-wheelers from their one and only phygital platform at 135+ Automalls. Bid online or in-person to get away with your right vehicle that meets all your needs.

Contributing to the environment: Promoting Sustainable Transportation
 The mission of SAMIL is to contribute toward environment and create an ecosystem that reduces the need of new production and extend the lifespan of old vehicles and equipment. By facilitating the exchange of old three-wheelers at SAMIL’s auctions, it is making a greener future. With the adoption of electric three-wheelers by making old electric models available through its Phygital auction platforms. This initiative aligns with the increasing global emphasis on reducing carbon emissions and transitioning to cleaner energy sources.

SAMIL’s Auction Process: A Transparent Marketplace

SAMIL's auction process is the business foundation for more than a decade. Its ramping platforms provide buyers and sellers a vibrant and open marketplace where they can share their insights before finalizing your vehicle transactions. 
 
 Follow the below process at SAMIL’s auction:

• Phygital Platform: Buyers can examine the vehicles in the Automall two days before the auction as a part of physical inspection whereas a comprehensive list of old three-wheelers is provided on SAMIL's platforms, providing detailed information about the vehicle's make, model, year of manufacture, and condition with high-quality images to give potential customers a clear view of the vehicle.

• Registration:Customers fill out a registration form and submit a Refundable Security Amount (RSA). For knowing more about RSA process, visit samil.in.

• Bidding Process: SAMIL’s physical auctions ease the process of buying and selling through their unique bidding platforms. Customers can bid on their preferred vehicle or equipment online or offline. Buyers can browse through the listings, inspect the details, and place bids on the vehicles they are interested in. Through BidLive application, bidders can bid online and the highest bidder wins the vehicle.  They can interact with pre-owners through our innovative applications before making the final transaction.

• Seamless Payment process:The winner has seven days to clear the payment, but must pay a 10% token amount on the same day. The final payment is made directly to the seller. SAMIL also receives a facilitation fee. SAMIL then facilitates the payment process, ensuring that the transaction is conducted securely and efficiently. The buyer and seller can then arrange for the delivery or pickup of the vehicle.

SAMIL’s auction process is designed to be fair and transparent, ensuring that buyers have access to accurate information and that sellers receive a fair market price for their vehicles.

The Self-Inspection Process of Three-Wheelers through Adroit Auto

SAMIL’s self-inspection process ensures the quality and reliability of the vehicles available at Automalls. After thorough evaluation, the three-wheelers are being ramped at the auctions. The factors that includes in the inspection process are: Mechanical condition of engine, transmission, brakes, and other critical components, Interior and exterior condition of vehicle's bodywork, paint, seats, and other interior elements for determining any signs of wear and tear or damage and lastly three-wheeler’s documentation includes verification of registration documents, insurance papers, and service history. Adroit Auto, your personal vehicle inspector offers unparalleled confidence and convenience. 
 
It is India's premier service provider in the inspection, valuation, and background verification industry and delivers exclusive and up-to-the-minute services to a diverse clientele. The vehicle's registration documents, insurance papers, and service history are verified to ensure that the vehicle has a clear legal status and is free from any encumbrances. The results of the inspection are documented in a comprehensive report, which is made available to potential buyers. This transparency allows buyers to make informed decisions and helps build trust in the auction process.

The Valuation Process: Determining Fair Market Value

In addition to the inspection, SAMIL also offers a valuation service through our price prediction engine, ThePriceX for determining the exact market value of vehicles and equipment including old three-wheelers. This process involves assessing the vehicle's market value based on its condition, age, mileage, and other relevant factors. 
  The valuation process is carried out by SAMIL's team of experienced professionals who have a deep understanding of the old three-wheeler market. The valuation report provides an estimate of the vehicle's fair market value, which can be used by sellers to set a realistic asking price. For buyers, the valuation report serves as a reference point, helping them determine whether a vehicle is priced appropriately. 

SAMIL's valuation process is designed to be objective and data-driven, ensuring that the prices are fair and reflective of the current market conditions. This approach not only benefits individual buyers and sellers but also contributes to the overall stability and transparency of the old three-wheeler market.

Conclusion

The evolution of old three-wheelers reflects the broader trends in transportation, where affordability, efficiency, and versatility are key driving factors. SAMIL's contributions to the old three-wheeler industry have been instrumental in ensuring that these vehicles remain accessible and relevant in today's market. Through its transparent auction process, rigorous inspections, and accurate valuations, SAMIL has solidified its position as as a trusted leader in the old vehicle industry. Whether you're looking to buy or sell an old three-wheeler, SAMIL offers a seamless and efficient platform that caters to all your needs, making the process rewarding and hassle-free.