MyTVS targets five-10% proportion of after income car service market by way of 2018-19

MyTVS objectives 5-10% percentage of after-sales automobile provider marketplace through 2018-19
CHENNAI: Multi-brand automobile provider issuer MyTVS is concentrated on a five % share of the short developing out-of-warranty after-income vehicle service marketplace through 2018-19. The organization plans to double the number of franchisee shops in its network from one hundred to two hundred-plus using the quit of the 12 months. Inside the manner, it is eyeing a pan-India presence and a change into a “one-forestall service keep.”

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“We’ve gone for 360 diploma exchange from a multi-logo service employer to a provider showroom where the consumer can get all his service requirements. We’ve got additionally long past from the 6 top brands, and 24 top fashions range to 7 top brands and 25 pinnacle fashions variety which contain 75%-eighty% of the out-of-warranty cars Within the marketplace,” stated G Srinivasa Raghavan, govt director, TVS Automobile Solutions.

MyTVS’ rebranding is comprehensible, given how fast the out-of-guarantee provider market develops. “There may be a pool of 30 million out-of-guarantee cars in India, which is growing at a double-digit fee,” said Raghavan. “The whole after-marketplace commercial enterprise for passenger vehicles is worth $3 billion, and a terrific 50%-60% of this marketplace is the out-of-guarantee business,” he delivered. Normally, those are cars between -4 years vintage and are therefore out of doors the guaranteed length presented by the auto/SUV agencies.

Armed with a portfolio of services and relying on innovative cognizance areas like quick carrier, service on name, wheels and tires service, vehicle care, velocity wash, and aggressively priced annual provider packages, the newly located MyTVS is offering a much broader carrier range and strict attention on the economic fitness of franchisee stores. “Usually, our franchisees flip profitable between nine-15 months relying on the investment in infrastructure,” said Raghavan Web Job Posting.

The organization, whose retailers are currently large and spread around Tamil Nadu and Kerala, is also concentrated on a pan-India footprint. We’ve got around 70 bizarre stores in Tamil Nadu and other 30-abnormal in Kerala. Next is Karnataka and Andhra Pradesh, and Subsequent months we will make bigger to Maharashtra and Gujarat,” stated Raghavan. The business enterprise has already invested 75 crores over the past three years in this commercial enterprise.