TVS Automobile Solutions, which is a promoter of MyTVS brand, are aiming to have a pan India presence by the end of this year, as per a statement given by a senior official of the company. The company is currently present in the eastern and western markets and planning to rapidly boost their presence in the rest of the country.
TVS Automobile Solutions is based in Chennai and offer after- market integrated service solution. The company currently has a strong presence in the Southern region of the country with having 29 exclusive service points and 50 franchise outlets. The company is now looking forward to enhance their presence in Delhi NCR region.
Speaking to PTI, Mr. R Srivatchan, TVS Automobile Solutions President, said, "Our plan is to have 100 of our own workshops and 300 franchise workshops. That is the kind of expansion and for that we took finance from private equity capital of about Rs 78 crore." He added, "We have to start having a presence in other geographies. It will be like having our own workshops in big markets and smaller markets will have franchise outlets that are like hub and spoke model."
