TVS Automotive Solutions plans to enter foreign markets

Wednesday 29 August 2012, 11:30 AM by

The multi brand car servicing firm TVS Automotive Solutions Ltd, which is a unit of the country’s one of the leading two-wheeler maker TVS, is looking forward to start their operations in the high growth potential foreign markets.

TVS Automotive Solutions plans to enter foreign markets | CarTrade.com
TVS Automotive Solutions plans to enter foreign markets

The company has a strong presence in the southern part of the country while having around 30 company-owned outlets across the Indian market along with 75 franchisee points.

In a recent statement, TVS ASL Joint Managing Director R Dinesh said, "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."

At present, the company has a total turnover of Rs 75 crore and aims to have a turnover of Rs 400 crore by the year 2014. Moreover, the firm is planning to increase the number of company owned outlets to up to 100 by year 2015.

Meanwhile, the company has recently inaugurated a multi brand car servicing outlet in Kolkata, in partnership with Rajgarhia Group.

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