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February 11, 2016 5:22 PM ET

Diversified Consumer Services

Company Overview of TVS Automobile Solutions Ltd.

Company Overview

TVS Automobile Solutions Ltd. provides car repair services in India. It offers battery jump starting and wiper repair, electrical and fuel related repair, fuses replacement, bulb and spark plug replacement, and brake/clutch adjustment services; emergency road assistance for mechanical and electrical breakdowns of ambulances, cabs, and winches; towing and legal coordination assistance; flat bed truck and emergency fuel delivery services; and vehicle key and cab assistance services. The company also retails used cars. In addition, it provides franchise services. TVS Automobile Solutions Ltd. was formerly known as MyTVS and changed its name to TVS Automobile Solutions Ltd. The company was incor...

58/147, T K Kumurasamy Towers, Eldams Road

Teynampet

Chennai,  600018

India

Founded in 2009

Phone:

91 44 6679 3222

Key Executives for TVS Automobile Solutions Ltd.

Chief Executive Officer and President
Joint Managing Director
Compensation as of Fiscal Year 2015.

TVS Automobile Solutions Ltd. Key Developments

AA and TVS Automobile Solutions Limited Announce Roadside Assistance JV in India

AA plc announced that it has established a joint venture with TVS Automobile Solutions Limited to provide operational expertise to develop its roadside assistance business in India. TVS Automobile Solutions is the roadside assistance subsidiary of TVS & Sons. In addition to its roadside assistance business, the group manages a number of automotive businesses, including multi-brand car service garages and car dealerships, extended warranties and parts distribution. The AA will take a 49% share of the JV for an investment of £4 million. The JV will give the AA access to TVS's network and the opportunity to leverage the AA's operational expertise and strong existing relationships with car manufacturers in the market in India.

Warranty Group to Form a Joint Venture with TVS Automobile Solutions Limited

The Warranty Group announced it has agreed to form a joint venture with TVS Automobile Solutions Limited to be finalized in the coming weeks. The joint venture will offer extended warranties and related services and solutions throughout India, Bangladesh, Sri Lanka, and portions of the Middle East. The joint venture company will focus on auto, appliance and electronics manufacturers, and distributors and retailers. Products offered will include a full range of service contracts, extended warranties, limited warranties, and prepaid maintenance programs. The joint venture company will initially focus on India's automobile, light truck and 2-wheeler vehicle segments, then expand quickly into the appliance, technology and other consumer products categories. TVS ASL is already managing extended warranty programs for Ashok Leland and Nissan in India, and looks forward to serving other brands in the future.

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