Business Standard

TVS to foray into overseas market

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BS Reporter Kolkata

After making its foray into multi- brand car servicing market in India, TVS Automotive Solutions Ltd (ASL), a TVS group company, is now planning to enter the overseas market as well via its presence of the logistics entity in abroad.

"Our group firm TVS Logistics has presence in countries like UK, US, Thailand, Sri Lanka and Bangladesh. We are planning to enter these markets for multi-brand car servicing using the presence of the logistics entity," Joint Managing Director, TVS & Sons R Dinesh said.

TVS Automotive Solutions is planning to ncrease the number of company owned outlets to 100 by 2015 and franchisees to 300 by the same period. Currebtly it has 30 company-owned outlets across the country, particularly in south India, and 75 franchisee points.

 

Dinesh was in the city to innaugurate its multi-brand car servicing outlet under MyTVS brand in Kolkata, which was for the first time has been set up through joint venture route roping in local player Rajagarhia Automobile Solutuions.. “We will be following this model for further expansion as well as it is important to engage local players,” he added.

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First Published: Aug 29 2012 | 12:44 AM IST

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