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The move will enable the organisations to combine their strengths to organise the highly fragmented automobileaftermarket services space in India, thereby providing superior value to customers, channel partners, employeesand other stakeholders.
R Dinesh, Director, TVS Automobile Solutions
Mahindra First Choice Services Ltd. (MFCSL), the well-known pan-India chain of multi-brand car and two-wheelerservice workshops, part of the Mahindra Group, announced a plan to integrate its operations with TVS AutomobileSolutions (P) Ltd., (TVS ASPL), leading independent automotive aftermarket player.
TVS Automobile Solutions to acquire Mahindra First Choice
+91 98405 [email protected]
NOVEMBER 30 ISSUE 35
As part of the transaction,Mahindra and Mahindra Ltd.will secure a stake in TVS ASPLand in turn, MFCSL willbecome a subsidiary of TVSASPL. The transaction issubject to regulatoryapprovals, including anapproval from the CompetitionCommission of India (CCI).
“India’s USD 10 billion aftermarketsegment is fragmented. We wouldtake this opportunity to bringthousands of entrepreneurs on toa digital platform wherein theycan get benefited from digitaltechnologies across marketing,diagnostics, customer experience,quality parts, and access totraining and digital payments. "
"I am confident that a strong partner like TVS ASPL will help take our legacy furtherand propel the company to the next orbit. I applaud the commitment and passion ofour franchisees, distributors and employees and seek their support as we embark onthe next phase of the journey.”
V S Parthasarathy, President, Mobility Services Sector, Mahindra Group
Apollo Tyres introduces new XT-100HD tyre for CVs
Leading home-grown tyre maker Apollo Tyres hasintroduced a new tyre for commercial vehicles, the XT-100HD, an advanced cross-ply lug tyre that offers thebest of both load carrying capacity and mileage whileensuring the most durable casing in the industry.
The replacement market in India is still going strong oncross ply tyres, with almost a 50:50 split between radialand cross ply. Apollo Tyres has introduced thistechnologically advanced product to carry moderateloads in regional haulage and mixed applications in thedrive position.
Satish Sharma, President,Asia Pacific, Middle East& Africa (APMEA), ApolloTyres Ltd, said, “With theintroduction of XT-100HD in truck-bus crossply lug design category,we are confident ofsetting a new benchmarkin performance in theload and mileagesegment.
The tyre comes with a heavy-duty casing with a newhigh strength nylon fabric that offers the best in classload carrying capacity. The durability has also beenenhanced with the new heat ageing resistantcompound and tyre cavity (HEART) technology.
Solaris Receives Global E-mobilityLeader AwardAt the international Global e-Mobility Forum conferencein Warsaw, Solaris was given the Global e-Mobility LeaderAward for its contribution to the development of zero-emission transport around the world.
At the international Global e-Mobility Forum conferencein Warsaw, Solaris was given the Global e-Mobility LeaderAward for its contribution to the development of zero-emission transport around the world.
“Poland is one of Europe’s leaders when it comes to zero-emission public transport, both in terms of the number ofelectric buses produced and regarding implementingvehicles of that type by local governments”, said MaciejMazur, Managing Director of The Polish Alternative FuelsAssociation (PSPA) and Vice-President of The EuropeanAssociation for Electromobility.
In eight months, 116 electric buses were registered inPoland, marking a 197% increase compared to 2019.
"We can expect a big leap towards clean, safe and zero-emission transport, and it is already underway. At Solaris,we have been observing very positive trends and attainingever better results both in e-bus sales and deliveries. Thisgives us all hope for a better future,” said, avier Calleja,CEO of Solaris. This is the second time that the activity ofSolaris has been acknowledged at the international Globale-Mobility Forum conference.
