- Jeep
- Citoen
- Stellantis Group
- India
- new
- showrooms
- dealerships
- thrissur
- asansol
- meerut
Citroën and Jeep Expand Presence in India
- by MT Bureau
- October 27, 2024
Citroën and Jeep have bolstered their presence in India with the inauguration of three new dealerships in Thrissur, Asansol and Meerut.
All three are multi-brand dealerships that mark a significant step forward for the Stellantis Group in the country since they make an effective interface for the range of SUVs from Jeep and passenger vehicles from Citroën.
With the product mix consisting of EVs and ICE powered vehicles, the three showrooms will offer comprehensive 3S facilities. They will have a dedicated workshop staffed by a highly skilled service team.
Committed to offer a premier service experience to Jeep and Citroen customers, the three 3S facilities are supported by modern infrastructure, spare parts availability, advanced diagnostic and repair equipment.
Shishir Mishra, Brand Director, Citroen, mentioned regarding the development, that their aim is to not only offer exceptional vehicles but also provide comprehensive after-sales services, ensuring that every customer receives unparalleled support throughout their ownership journey.
“These strategic openings signify our deep-rooted commitment to meeting the evolving demands of our valued customers while expanding our footprint across India,” he added.
Kumar Priyesh, Brand Director, Jeep India, said, “We are confident that these new dealerships will not only showcase the impressive lineup of Citroën and Jeep® vehicles but also serve as hubs of excellence in customer service, equipped with skilled personnel and state-of-the-art facilities. Customers will be offered premium vehicles and affordable choices under the same roof, offering them flexibility in both prices and segment choices. This will thereby also help us target a wider range of customer base.”
With the three new dealerships, Citroen now has 156 touchpoints and Jeep India, over 150 touch points across the country.
- TyrePlex
- Funds
- Tyre
- Marketplace
- Fundraise
- Investment
- explansion
- dealers
- tyres
- B2B
TyrePlex Raised Funds
- by MT Bureau
- January 15, 2025
TyrePlex has raised INR 200 million in funding (approximately US$ 2.4 million) round led by PeerCapital with the participation from Titan Capital Winners Fund, Sattva Family Office, and existing investors, including 100 Unicorns. This funding will be strategically deployed to accelerate growth in multiple areas. TyrePlex plans to expand its geographic footprint into the top 25 cities across India, leveraging a combination of qualitative and quantitative data points for city selection.
By focusing on establishing a strong distribution base, TyrePlex as a B2B tyre marketplace, is keen to unlock additional services for both tyre brands and dealers. These include tailored solutions for customer relationship management, inventory optimisation and advanced analytics to drive informed decision-making.
A significant portion of the funds will be allocated to strengthening the company’s technology platform to further enhance dealer-centric tools and improve operational efficiencies. TyrePlex will additionally pilot tyre recycling and reverse logistics initiatives, addressing key sustainability challenges in the industry. The company is also focusing on creating a lean yet highly effective team to support its city expansion plans.
Founded in 2020 by auto-tech industry veterans, the company aims to revolutionise the highly fragmented tyre retail ecosystem in India by offering a comprehensive, technology-driven platform that empowers tyre dealers to enhance their efficiency and profitability.
With over 20,000 registered tyre dealers, the platform provides tools to improve sales and margins, streamline procurement, manage inventory, and set up online stores. The company’s app offers an integrated solution that simplifies operations, generates demand, and enables easy procurement of tyres with delivery within three or four hours.
The company’s dealer-centric approach has resulted in a high Net Promoter Score (NPS) and impressive repeat business metrics, reflecting the platform’s ability to address dealer pain points effectively. With seamless operations, reliable product availability, and competitive pricing, the platform has garnered strong loyalty among its users, fostering trust and long-term partnerships.
- HSRP
- High Security Registration Plate
- Maharashtra
- Mandatory
- old vehicles
- before 1 april 2019
HSRPs Made Mandatory In Maharashtra On Vehicles Sold Before 1 April 2019
- by MT Bureau
- December 29, 2024
The Government of Maharashtra has announced that owners of vehicles sold prior to 1 April 2019 must register for HSRP installation through the Maharashtra Transport Department website. The deadline for installation is 31 March 2025. Vehicles registered after 1 April 2019 are already being fitted with HSRPs – license plates – that claim to improve traceability of vehicles. HSRPs have advanced security features to deter theft and unauthorised use. HSRPs are made of a rare aluminum alloy and have a unique serial number, making them tamper-proof.
While the contract to make and fit the HSRPs has awarded to private companies like Yavatmal-based Real Mazon, the price for tractors and two-wheelers has been determined at INR 531. For three-wheelers it is INR 590 and for larger vehicles, it is INR 879. The prices include snap lock fees and GST.
The documents necessary to order HSRPs are, Vehicle Registration Certificate (RC), proof of identity such as an Aadhar Card, PAN Card or Driving License and proof of address such as a recent utility bill or Aadhar Card.
- Nayara Energy
- Hinduja Group
- Gulf Oil Lubricants India
- Ravi Chawla
- AdBlue
- Madhur Taneja
- lubricants
- battery
Gulf Oil Partners Nayara Energy For Product Availability at Nayara Fuel Stations
- by MT Bureau
- December 24, 2024
Gulf Oil Lubricants India, part of the Hinduja Group, has inked a strategic partnership with Nayara Energy, a leading private fuel retailer and an integrated downstream company in the country.
As per the understanding, Nayara Energy will make available Gulf Oil’s entire automotive product range, including lubricants for two-wheelers, passenger cars, commercial vehicles and agriculture-related vehicles, at its network of over 6,500 fuel retail outlets.
The association is part of a three-year contract will also see Gulf Oil make available its AdBlue and two-wheeler batteries among others at Nayara’s network.
Ravi Chawla, MD and CEO, Gulf Oil Lubricants India, said, “Our partnership with Nayara Energy is a significant step forward in expanding Gulf’s presence across India’s highways and fuel stations. As a globally recognised brand, Gulf has consistently set benchmarks in delivering high-quality and innovative automotive solutions. Our partnerships with iconic global and domestic brands like Manchester United, McLaren, MS Dhoni, and Chennai Super Kings have cemented our position as a trusted name worldwide. With the support of Nayara’s vast network and expertise in fuel retailing, we are well-positioned to serve a wide range of consumers with high-quality, dependable automotive solutions. This collaboration underscores the growing demand for quality automotive products and lubricants owing to the burgeoning infrastructure growth and both Gulf’s and Nayara Energy’s commitment to making our products accessible, ensuring that our customers receive quality lubrication solutions wherever they are in India.”
Madhur Taneja, Chief Marketing Officer, Nayara Energy, added, “At Nayara Energy, we believe that customer centricity is at the core of creating a distinctive service experience across our expansive retail network. This latest tie-up with Gulf Oil is another affirmative step to enhance our range of automotive product offerings that enable in delivering high quality performance for motorists. Together, these two power brands can leverage synergies that will enable in amplifying reach and ensure ease of availability of premium product experience for consumers across rapidly growing tier 2,3 markets and prominent highways. Lubes are an essential category in our NFR (Non-Fuel Retail) offerings and our commitment to grow this category is visible from the Quick Lube Change Bays we have incorporated in our Retail Outlet. These Quick Lube Change bays are equipped with advanced machinery that enables lube change in less than 5 minutes and this service is provided Free of charge at our outlets.”
- Used car
- pre-owned
- Goods & Services Tax
- GST
- electric vehicles
Used Cars To Now Attract 18% GST
- by MT Bureau
- December 23, 2024
The 55th Goods & Services Tax (GST) council meeting has decided to increase the GST rate on the sale of pre-owned vehicles to 18 percent from the current 12 percent.
The hike will now also be applicable to electric vehicles margin value, when the transaction happens by registered businesses dealing with used vehicles. But in case an EV is sold by the vehicle owner to another individual there will be no GST applicable.
The hike the government believes will bring parity between used old small cars, EVs with old larger vehicles.
The GST council clarified that the tax will be applicable only on the margin of the seller, and not on the entire value of the car. For instance, if a vehicle is bought for INR 1 million and sold at INR 600,000, the tax will be on the margin value of INR 400,000.
Representational image courtesy: Tom Fisk/Pexels
Comments (0)
ADD COMMENT