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INDIA
Marangoni Signs Up South India’s First Ringtread Franchisee
opportunity to build a long term, profitable business in a sunrise sector.”
Bhagyavanti Tyres is founded by two young entrepreneurs, both in their early 30s – Harsh Bagali and Anil Patil. In addition to the Marangoni
GRP retreading facility, their outlet will also offer a truck alignment facility using the latest computerised equipment. It will be the first such facility in these five districts of Karnataka.
L to R: Harsh Gandhi (Director MGPL), Rajendra Gandhi (Director MGPL), Hemant Kaul (CEO MGPL), Anil Patil, Harsh Babli (Bhagyavanti Tyres), Dino Maggioni (CEO Marangoni), Martin Kalagin (Marangoni)
High Tech Opens Second Plant in Maharashtra
Indian retreading companies are expanding their operations in search of new emerging markets inside the country. North India based company, High Tech Tyre Retreaders (P) Ltd, has expanded in the Western part of the country by
India’s largest container port, Nhava Sheva. “We opened the second plant in the middle of 2016 in Khopoli as part of an expansion in the Western part of country,” said Atul Garg, MD, High Tech Tyre Retreaders (P) Ltd in Mumbai
Atul Garg, MD, High Tech Tyre Retreaders (P) Ltd
Marangoni GRP Private Limited (MGPL), the JV company active in the commercial vehicle retreading sector in India, has signed up its first Ringtread Franchisee at Vijaypur, Karnataka. The franchisee, Bhagyavanti Tyres, will go live in Q2, 2017 and will cover five Karnataka districts – Vijaypur, Dharwad, Belgaum, Gulbarga and Bagalkot. Fleets in these markets will have access to Marangoni’s unique technology – Ringtread – the splice-less retread.
Speaking on the occasion, Dino Maggioni– Group CEO, Marangoni added, “Post testing our ‘concept’ at the pilot shop over the last 12 months at Indore, we are now ready to expand our franchise footprint pan India. Feedback from fleets at Indore has been extremely encouraging and has helped establish Ringtread as the clear
technology leader. We are hopeful that the rapidly expanding highway network, the pace of radialisation and continuing economic reforms will have a positive effect on the Indian Logistics sector improving the health of trucking fleets. Marangoni GRP hopes to play a leading role in helping the latter lower their tyre costs through its unique retreading solutions”
Harsh Gandhi, Director, MGPL added, “Over the last year, the JV has focused on understanding the Indian consumer’s needs better and testing our products. We have also focused on refining our franchise model with the aim to make it the leading retreading franchise system in India. By becoming a MGPL franchisee, we believe new entrepreneurs and independent retreaders desiring to upgrade their existing stores, have a good
opening a second unit in Khopoli, in Maharashtra. The company’s headquarters and mother plant is based in Muzzaffar Nager, in Uttar Pradesh.
Khopoli is an industrial town in the Raigad district, located about 45 km from Navi Mumbai on the Pune – Mumbai expressway and about a one hour 30-minute drive from
recently.
When asked about the reason for expanding in Maharashtra considering the distance from the company’s home base in the Northern part of the country, Garg added, “It is a good market and has great growth potential due to the proximity to the port. Lots of infrastructure projects are under