For Editorial / Advertisements CLICK HERE TO VIEW MORE NEWS & UPDATES The move will enable the organisations to combine their strengths to organise the highly fragmented automobile aftermarket services space in India, thereby providing superior value to customers, channel partners, employees and other stakeholders. R Dinesh, Director, TVS Automobile Solutions Mahindra First Choice Services Ltd. (MFCSL), the well-known pan-India chain of multi-brand car and two-wheeler service workshops, part of the Mahindra Group, announced a plan to integrate its operations with TVS Automobile Solutions (P) Ltd., (TVS ASPL), leading independent automotive aftermarket player. TVS Automobile Solutions to acquire Mahindra First Choice +91 98405 97082 [email protected] NOVEMBER 30 ISSUE 35 As part of the transaction, Mahindra and Mahindra Ltd. will secure a stake in TVS ASPL and in turn, MFCSL will become a subsidiary of TVS ASPL. The transaction is subject to regulatory approvals, including an approval from the Competition Commission of India (CCI). “India’s USD 10 billion aftermarket segment is fragmented. We would take this opportunity to bring thousands of entrepreneurs on to a digital platform wherein they can get benefited from digital technologies across marketing, diagnostics, customer experience, quality parts, and access to training and digital payments. " "I am confident that a strong partner like TVS ASPL will help take our legacy further and propel the company to the next orbit. I applaud the commitment and passion of our franchisees, distributors and employees and seek their support as we embark on the next phase of the journey.” V S Parthasarathy, President, Mobility Services Sector, Mahindra Group Apollo Tyres introduces new XT-100HD tyre for CVs Leading home-grown tyre maker Apollo Tyres has introduced a new tyre for commercial vehicles, the XT- 100HD, an advanced cross-ply lug tyre that offers the best of both load carrying capacity and mileage while ensuring the most durable casing in the industry. The replacement market in India is still going strong on cross ply tyres, with almost a 50:50 split between radial and cross ply. Apollo Tyres has introduced this technologically advanced product to carry moderate loads in regional haulage and mixed applications in the drive position. Satish Sharma, President, Asia Pacific, Middle East & Africa (APMEA), Apollo Tyres Ltd, said, “With the introduction of XT- 100HD in truck-bus cross ply lug design category, we are confident of setting a new benchmark in performance in the load and mileage segment. The tyre comes with a heavy-duty casing with a new high strength nylon fabric that offers the best in class load carrying capacity. The durability has also been enhanced with the new heat ageing resistant compound and tyre cavity (HEART) technology. Solaris Receives Global E-mobility Leader Award At the international Global e-Mobility Forum conference in Warsaw, Solaris was given the Global e-Mobility Leader Award for its contribution to the development of zero- emission transport around the world. At the international Global e-Mobility Forum conference in Warsaw, Solaris was given the Global e-Mobility Leader Award for its contribution to the development of zero- emission transport around the world. “Poland is one of Europe’s leaders when it comes to zero- emission public transport, both in terms of the number of electric buses produced and regarding implementing vehicles of that type by local governments”, said Maciej Mazur, Managing Director of The Polish Alternative Fuels Association (PSPA) and Vice-President of The European Association for Electromobility. In eight months, 116 electric buses were registered in Poland, marking a 197% increase compared to 2019. "We can expect a big leap towards clean, safe and zero- emission transport, and it is already underway. At Solaris, we have been observing very positive trends and attaining ever better results both in e-bus sales and deliveries. This gives us all hope for a better future,” said, avier Calleja, CEO of Solaris. This is the second time that the activity of Solaris has been acknowledged at the international Global e-Mobility Forum conference.