ABC Bearings has entered into a joint venture (JV) with TVS Automobile Solutions (TVS ASL) to form ‘MyTVS’ for Gujarat. The company will hold 30% stake in the JV while the rest 70% will be held by TVS ASL.
The proposed outlets would have a capacity for 200 mechanical bays and 100 body shops. TVS ASL plans to have 100 outlets across India by 2015. Since it is looking for local partnership it will form separate joint ventures for each region.
MyTVS is a Multi-brand Car Service Network, focusing on the car customer and his latent needs. The objective is to cultivate a well focused no frill service solution as an independent option to discerning car customers across the country.
TVS ASL, which is part of the $6-billion TVS Group, presently operates through its popular brand MyTVS, with 33 outlets spread across Tamilnadu, Andhra Pradesh, Kerala and Karnataka.
ABC Bearings is engaged in business of tapered roller bearings and cylindrical roller bearings. The company was established in a technical collaboration with Steyr Diamler Puch, Austria under the name Antifriction Bearing Corporation.
| Company Name | CMP |
|---|---|
| Schaeffler India | 4000.70 |
| SKF India | 1706.95 |
| Timken India | 3506.90 |
| Rolex Rings | 136.10 |
| NRB Bearings | 294.30 |
| View more.. | |
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