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.
 

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Tata Motors has inaugurated its eighth Registered Vehicle Scrapping Facility (RVSF) in India, located in Kolkata. The facility can dismantle up to 21,000 end-of-life (EoL) vehicles annually and is operated in partnership with Selladale Synergies India.

The Kolkata RVSF, capable of scrapping passenger and commercial vehicles as well as two-wheelers and three-wheelers from all brands, is Tata Motors' third such centre in eastern India. Other RVSFs are located in Jaipur, Bhubaneswar, Surat, Chandigarh, Delhi NCR, Pune and Guwahati.

The launch event was attended by senior government officials and Tata Motors representatives, including West Bengal Transport Minister Snehasis Chakraborty and Rajesh Kaul, Vice-President & Business Head – Trucks, Tata Motors Commercial Vehicles.

Snehasis Chakraborty, said, “The inauguration of Tata Motors’ Re.Wi.Re is a welcome step towards building a cleaner and more efficient future for our people. This initiative will also support the adoption of newer, safer energy-efficient vehicles and create circular economy opportunities within the transport sector. We appreciate Tata Motors, Selladale Synergies and all partners involved for bringing this initiative to our state.”

The facility is fully digital, with paperless operations and designated dismantling areas for safe handling of tyres, batteries, oils, gases and other components. It includes cell-type dismantling lines for commercial vehicles and two- and three-wheelers, and line-type dismantling for passenger cars.

Rajesh Kaul, added, "Tata Motors is committed to driving sustainable mobility solutions while fostering a circular economy. The inauguration of West Bengal’s first Re.Wi.Re and the country’s eighth facility is a significant step in expanding our vehicle scrapping ecosystem. With the cumulative capacity of dismantling more than 1.3 lakh vehicles annually across eight Tata Motors RVSFs, we are proud to lead the way in transforming India’s vehicle scrapping ecosystem with a focus on safety, compliance and sustainability.”

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South Korean lubricant maker Daewoo has re-entered the Indian automotive market under a strategic licensing collaboration with Mangali Industries.

With this association, Mangali Industries will introduce Daewoo’s range of lubricants for the two-wheelers, passenger cars, commercial vehicles and agriculture segments.

Vineet Singh, Director - Strategy & Growth, Daewoo, said, “Daewoo has always stood for innovation, trust and performance. Through this powerful alliance between Daewoo and Mangali Industries, we are shaping the future of high-performance lubricants in one of the world’s most dynamic and demanding markets. With this launch, we embark on a long-term journey dedicated to empowering the Indian automotive industry.”

Sang-hwan Oh, DGM, POSCO – Korea, shared his views on Daewoo’s dedication to quality and customer satisfaction, ensuring that every product meets rigorous international standards while adapting to evolving demands of local consumers.

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German technology and services company Bosch has launched Supply Chain Studio, a cloud-based suite of tools aimed at enhancing supply chain efficiency and visibility.

The announcement was made at the first-ever Mobility Platform and Solutions’ (MPS) Summit 2025. It aims to address key gaps in transport & warehouse management and last-mile operations among others.

Bosch Supply Chain Studio will allow seamless integration with ERPs and third-party marketplaces to meet diverse operational needs. It offers solutions such as transport booking & management, warehouse booking, smart warehouse, bay & yard manager and e-distributor.

In addition, Bosch MPS also introduced the ARC Partner Program – Accelerate, Rise, Collaborate, which it shared will foster co-innovation with partners across logistics, EV mobility, supply chain tech and parking management.

Sandeep Nelamangala, Joint Managing Director, Bosch & President, Bosch Mobility India, said, “The Bosch MPS Summit reflects the collaborative spirit driving the future of mobility. Launching the Supply Chain Studio here allowed us to bring all key stakeholders – manufacturers, transporters, warehouse operators and distributors – onto one platform. We’re excited to work with them and continue driving digitalisation in our supply chains.”

Image for representational purpose only

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Banner Batteries, one of Europe’s leading manufacturers of original equipment batteries, has appointed Andrew Russell as its new Business Development Manager for Northern England and Scotland. The appointment is in line with Banner’s strategy to increase its market share in these key regions.

Russell will be responsible for enhancing connections with Banner's extensive clientele, which includes motor factors, independent distributors, garages, and specialty automobile parts stores. He will report to Country Manager Lee Quinney. Russell brings with him over two decades of experience in the UK aftermarket sector. Russell, who graduated from the University of the West of England with a BA (Hons) in Business Administration, began his career in retail management before switching to sales. Prior to joining Banner, he was Ring Automotive's Business Development Manager, where he was named the company's top salesperson in 2023. Account management, company development and building enduring connections with customers are his strong points.

Russell said, “I am delighted to get the opportunity to work for Banner, not only as they are one of Europe’s leading manufacturers of original equipment batteries, but a family-owned business. In order to continue to develop Banner’s market penetration across what is an important sales territory, I shall be looking to focus on four key principles – promoting O/E product quality aligned to price competitiveness, delivering outstanding levels of customer service and developing long-standing and successful customer relationships.”

Quinney said, “The whole team at Banner is delighted to welcome Andrew into the fold. He has a proven track record in the automotive aftermarket, and we are confident this will prove instrumental in strengthening Banner’s position across Scotland and the north, both of which are important strategic territories. Supplying a first-class service to our customer base remains one of our main priorities, together with promoting Banner’s original equipment pedigree, and Andrew will help spearhead this moving forwards.”

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