Marangoni GRP’s first RINGTREAD franchisee to start in Q2 2017
The first RINGTREAD franchisee of Marangoni GRP Private Limited (MGPL), the joint venture of Marangoni and GRP Ltd for the commercial vehicle retreading sector in India, will start in second quarter of this year. 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. RINGTREAD delivers more mileage, better grip, is more reliable and eventually delivers higher savings to fleets.
A typical MGPL Franchisee has high quality Marangoni homologated equipment, standardized retreaded tyre manufacturing process of Marangoni , high quality standard retreading material sourced from the JV and well-trained manpower in world-class retreading processes and fleet solutions
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 one 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 opportunity to build a long term, profitable business in a sunrise sector.”
Bhagyavanti Tyres is founded by two young entrepreneurs, Harsh Bagali and Anil Patil. In addition to the Marangoni GRP retreading facility, their outlet will also offer Truck Alignment facility using the latest computerized equipment. It will be the first such facility in these five districts of Karnataka.