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TVS Automobile Solutions Private Limited

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TVS Automobile Solutions Private Limited
Private
ISIN🆔
IndustryAftermarket (automotive)
Founded 📆2004
Founder 👔
Headquarters 🏙️Madurai, ,
Area served 🗺️
Key people
T. V. Sundaram Iyengar, R.Dinesh[1], G Srinivasa Raghavan [2]
ServicesAftermarket (automotive), Insurance Broker, List of auto parts, Service (motor vehicle)
Members
Number of employees
ParentT. V. Sundaram Iyengar & Sons, TVS Group
🌐 Websitewww.tvs.in, www.mytvs.in, www.tvsinsurance.in, www.partsmart.co.in www.jazzmyride.com
📇 Address
📞 telephone

TVS Automobile Solutions Private Limited[edit]

TVS Automobile Solutions Private Limited (TASL)[3] belongs to the TVS Group _History-4|[4] and deals with the Aftermarket (automotive) industry. It was formed as a subsidiary of T. V. Sundaram Iyengar & Sons in 2011, with capital infusion from Kitara Capital, a private equity firm.

History[edit]

Business Units[edit]

TASL has the following business units

  • Aftermarket Car Service
  • Insurance Broking
  • Parts distribution
  • Roadside Assistance

Aftermarket Car Service[edit]

MyTVS [5] , launched in the year 2003, is a multi brand all car services platform that operates through a chain of company owned outlets and franchisees. The network is slated to reach 200 in the FY 17-18 [6]. [7]It offers around 500+ services to 10 Makes and 35+ Models. The Makes include Maruti Suzuki, Hyundai, Honda, Tata, Chevrolet, Mahindra, Toyota, Renault, Ford, Nissan.

Parts Distribution[edit]

TVS PartSmart is a unique multi brand retail initiative that was created in an attempt to organize the auto parts retail business in India. PartSmart aims to modernize the trade by providing the customers with technology solutions helping them bring transparency of business, training of new technologies, covering a wide range of quality and genuine parts, and by helping the customers optimize their working capital through smart inventory management.

Insurance Broking[edit]

TVS Insurance Broking Limited is an subsidiary [8] of TVS Automobile Solutions Private Limited that provides insurance consultancy in operational risk management to corporates, small and medium enterprises and broking services to the retail segment. It holds an IRDA license for insurance broking business.

TVS Insurance Broking Limited started its operations after becoming a part of TVS Automobile Solutions Private Limited in the year 2013. Prior to that is was referred to as Navaratna Insurance broking Limited (incorporated in the year 2007). It was renamed to TVS Insurance Broking Limited in the year 2014. It ventured into the online space in 2017 through its e-commerce portal www.tvsinsurance.in.

Its existing clientele belong to the following industries: Construction, Software, Technology and BPO, Manufacturing, Environment Specialists Auditing Firms, Tyres, Logistics, Dealership, Material testing and calibration, Water Treatment, Educational Institutions, Energy and Power,Garments and Apparel, Networking

Auto Assist[edit]

The Roadside assistance Business of TVS Automobile Solutions Private Limited was hived off into a separate entity and christened as TVS Auto Assist India Limited (TVS AA) in association with The Automobile Association, [9] UK (AA PLC, UK), one of the most Trusted Brands of United Kingdom.

TVS AA provides 24x7 Roadside Assistance to its Customers, operating in the Business-to-Business (B2B) as well as business-to-consumer (B2C) space. Service is rendered through its 24x7 multi-lingual Call Centres, Own Patrol and Authorized Service Providers. It commands one of the largest networks in India.

TVS Accessories[edit]

TVS Accessories came into existence by acquiring JazzMyRide, [10] [11] a Delhi based organisation, launched in 2014 that offers very good assortment of car and bike accessories. Its digital presence has an inventory of over 1,00,000 parts and accessories, across 150 categories for 52 brands. TVS Accessories are sold through the following channels

  • E-commerce platforms like Amazon, Flipkart
  • Company Owned and Company Operated offline stores
  • Franchise Stores
  • Shop-in-Shop
  • B2B Distribution

Partner Brands[12][edit]

Parts Sourcing[13]

Tyres, Batteries and Car Care Partners

Accessories Partners[14]

Insurance Partners

References[edit]


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