Page 34 - Retrading Business N101 2022-02

RETREAD TYRE BRAND ‘REGRIP’ OFFERS ALTERNATIVE TO NEW TYRES
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NEWS - INDIA
REGRIP Tyres is a new business launched in Gurugram in the middle of last year, with the express idea of creating what the - neered tyre brand, designed as a high per- forming alternative to new tyres.
The venture, launched with an initial in- vestment of INR 5 million, is claimed to be unique in India.
brand,” said Tushar Suhalka, Director, RE- GRIP. “The idea is to provide customers with a best quality ready to use retread tyre which can be used as new tyre alter- native for rear axles in various applica- tions. All our tyres come with lifetime war- ranty on tread belt separation,” he added.
On the subject of the uniqueness of the project, Tushar added, “In India there is no standalone refurbished/retreaded tyre brand for heavy commercial vehicles. RE- GRIP helps fleet owners save significant amounts of money on their tyre consump- tion with an affordable, reliable and sus- tainable product range. We want to build
a network of refurbished tyre dealers and exchange points for customers whereby the customer walks in with his old tyre, drops it with us and picks up a ready-to-
The company collects tyres from OEMs, scrap dealers and directly from the trans- porters. Tyres are retreaded at the compa- installed with 2 autoclaves of 9 tyres each. The unit has the capacity to retread 3,000 tyres monthly.
The venture has had a successful start, selling considerable volumes of refur- bished tyres in the market. “We have built dealer network and sold 3,500 tyres in last eight months,” said Tushar. “Our fo- cus remains on selling the popular size of 1000x20 radials.”
The company has collection and selling points in the National Capital Region (NCR- Delhi and its surrounding area) and the states of Rajasthan, Maharashtra, Gu- jarat and Chattisgarh.
REGRIP currently has expansion plans to further strengthen its network in the above-mentioned states. “We are raising capital for expansion, our target is to grow fast and expand deeper into the current states and create a network of 1,000 deal- ers across the country in next 3 years,” said
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