TVS plans pan-India expansion

TVS Automobile Solutions is aiming at pan-India expansion by the end of 2012. The brand already has set-ups in eastern and western markets. The company plans to have 100 company owned and 300 franchise workshops and these plans will be accomplished with a private equity funds of over Rs 78 crore.

For franchisees, TVS will target local dealers who have experience in automobile industry. Furthermore, they are taking up the joint venture route to set up company owned outlets and will add to the existing two joint ventures.

Headquartered in Chennai, TVS is a key player in South with 29 exclusive outlets and 50 franchise stores. In the eastern region, they have entered a JV with Rajgarhia Group and in Gujarat, with ABC Bearings. The company is in talks with a company in Delhi-NCR for expansion and JVs there as well.

Over five outlets in West Bengal and seven in Gujarat should be functional by the end of the year.