IIT Delhi, Shriram Automall to enhance pre-owned vehicle valuation platform

IIT Delhi will provide expertise to improve the accuracy of Shriram Automall's ThePriceX vehicle valuation platform which assists in predicting the value of pre-owned vehicles.

IIT Delhi, Shriram Automall to enhance pre-owned vehicle valuation platform Indian Institute of Technology (IIT) Delhi (image source: Official)
Press Trust of India | May 10, 2022 - 1:51 p.m. IST
Share Via

NEW DELHI: Pre-owned vehicles and equipment marketplace Shriram Automall India Ltd on Tuesday said it has inked a pact with Indian Institute of Technology (IIT) Delhi's Yardi School of Artificial Intelligence to enhance its in-house developed pre-owned vehicle valuation platform ThePriceX.

Recommended: [Check your admission chances in IITs/ISM based on your JEE Advanced Rank] Start here- JEE Advanced College Predictor]

Through this exclusive agreement, the IIT-Delhi team will provide expertise to improve the accuracy of ThePriceX, which assists in predicting the value of pre-owned vehicles from any source and geography, real-time, through statistical modelling, machine learning and other complex artificial intelligence algorithms, the company said in a statement.

Shriram Automall India Ltd (SAMIL) will provide its decade-long expertise on pricing and valuation data of pre-owned vehicles and equipment, it added. SAMIL Director and CEO Sameer Malhotra said through the strategic tie-up with IIT Delhi, its technology team will work together on the enrichment of the already advanced pre-owned vehicle price prediction tool ThePriceX.

Also read | Nagaland: NSEE 2022 exam to be held on June 21 by NBSE; documents required, exam details

SAMIL said ThePriceX, an advanced price prediction engine, is already being used by leading banks, insurance companies, NBFCs as well as OEMs. Users get data-driven results on the basis of lakhs of successfully transacted vehicles over the past 11 years.

Also read | UP Board announces new exam pattern for 2022-23; five monthly tests for Class 9, 10


Follow us for the latest education news on colleges and universities, admission, courses, exams, schools, research, NEP and education policies and more..

To get in touch, write to us at news@careers360.com.

Know More About
Download Brochure
Back to top