Shriram Automall India (SAMIL), 100% subsidiary of Shriram Transport Finance Company (STFC), shakes hands with Escorts to assist its authorised dealers in the disposal of pre-owned tractors.

With an impressive sales growth in recent days, Escorts has been accorded as India's 3rd fastest growing company. This association with SAMIL is aimed at adding more value to its existing success.

''India, being an agricultural land portrays great potential for the tractor industry to grow. The current fiscal is expected to witness robust growth in infrastructure due to which tractors’ journey in India is likely to pick up pace. A tie-up with Escorts is structured on the ground of providing a completely organised and transparent platform through which they can carry out the disposal of their pre-owned tractors'', quoted Sameer Malhotra, CEO of SAMIL.

Shares of the company gained Rs 12.3, or 10.18%, to settle at Rs 133.15. The total volume of shares traded was 2,863,887 at the BSE (Thursday).