The 45th National Franchise Retail and SME show to be held on February 25th & 26th 2012 at Hyderabad
Online PR News – 25-February-2012 – – India’s leading multi-brand Car Service provider MyTVS has joined hands with FRANCORP, the unsurpassed leader of the Franchise Consulting Industry globally, for its franchise outlet expansion. MyTVS, the popular brand of TVS Automobile Solutions Limited (TVS ASL), has engaged FRANCORP India to build its franchise network expansion program that will be launched at the 45th National Franchise Retail and SME show to be held on February 25th – 26th 2012 at Hyderabad International Convention Centre, Hyderabad. The franchise program being launched, offers a good ROI and very attractive pay-back period to the franchisees while offering convenience to customers of getting their cars serviced with TVS quality all over India under close supervision of processes by TVS.
At present, ‘MyTVS’ has 19 own outlets and 51 Service franchisee outlets in Tamil Nadu, Kerala, Andhra Pradesh and Karnataka. The Company has plans to increase these outlets to 100 and 300 respectively by 2014.
Mr. Ramesh Kharbanda, Chief Operating Officer, TVS Automobile Solutions Ltd., said, “MyTVS has an aggressive expansion plan to cater to the after-market needs of growing car customers in India. It is in this regard, we are glad to associate with FRANCORP to expand our Franchise business across India. We are confident that FRANCORP’s expertise will come in handy to our expansion strategy and this Franchise show could prove to be a good beginning to our relationship.”
Mr. Gaurav Marya, Managing Director, Francorp said, “With 13.2 million in FY11, India has the 7th largest passenger car park globally. India has been one of the few markets globally to buck the recessionary trend with first eleven months of FY11 registering a growth of 29.8%. The growth momentum is expected to be on track in the coming years resulting in tremendous business opportunity in the car service segment. We feel there is a definitely a demand supply gap which can be addressed by the MyTVS Car Service Outlets. I am elated to get associated with “MYTVS” for its franchise expansion. The overall review and recommendation programme will be provided to them with adept results.”
The 45th National Franchise Retail and SME show is presented by Franchise India, Asia’s largest integrated franchise solution company and Indian Franchise Association (IFA). With the proving triumph of over 125 successful demonstrations in most major cities, nationally and internationally, Franchise India is now spreading its wings to Hyderabad, a city of tremendous business potential, for the fifth time, with its 45th biggest Franchise & Retail, Expo & Conference FRO 2012 in Hyderabad.
FRO 2012 Hyderabad displays various Indian and global brands, under one roof, to impart an all-round perspective on franchising, thereby highlighting the principal concepts and prevailing trends in franchising fraternity. Investor gets a wider platform to choose its principal as per their business needs and future perspectives and companies finds their prospective franchise partners with opportunity to expand at multiple locations. The event will comprise “ENTREPRENEURSHIP SUMMIT 2012” which is going to be the perfect knowledge platform for entrepreneurs who are looking to jumpstart their business ideas and the EXHIBITION putting forth a spectrum of opportunities in franchising, retailing, licensing, real estate and retail supply from all possible industry verticals including Fashion & Lifestyle, Food & Beverage, Education, Financial services, Health, Beauty & Wellness, Real Estate, Travel, Retail, Entertainment and many more.
About TVS Automobile Solutions Ltd. (MyTVS)
TVS Automobile Solutions Ltd is the new Company formed in 2011 as a subsidiary of TVS & Sons. The business division that was engaged in multibrand car servicing under ‘MyTVS’ brand was spun-off as a separate company – TVS Automobile Solutions Limited.
‘MyTVS’ brand was formed with two core values – Relationship & Trust with an objective to offer post warranty car customers a well focused no-frills service solutions. The brand itself was formed with ‘My’ signifying closest of any relationship (My Car, My Family, etc.,) and TVS, a word synonymous with Trust.
About T V Sundram Iyengar & Sons
T V Sundram Iyengar & Sons Limited, established in 1911, is the holding company of the TVS Group and is a leading automobile distribution company in India. During the year 2010-11 the company attained a turnover of 6000 Crores and has direct employee strength of 6000. It operates through its three divisions namely - TVS, Sundaram Motors and Madras Auto Service.
The businesses of TVS & Sons include, Dealership, Distribution, Logistics and Automobile Solutions (MyTVS).
Since its inception in 1976, Francorp has been the unsurpassed leader of the Franchise Consulting Industry globally. Over the years, Francorp based out of Chicago, has assisted companies in virtually every market segment with its patented processes and unmatched expertise. The clients include companies like Bridgestone, XEROX, Shell Oil, Hallmark Cards, Encyclopedia Britannica, Mad Science Group, Pollo Camperio, Ace Hardware, BP, Fruehauf, and Gant, to name a few. In India, Francorp has associated with Franchise India Holdings Ltd. and has coalesced in an experience of 42 years.
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