Press release
India Multi Brand Car Service Market is projected to reach about 5 Th Crores in 2025- will Mergers and Acquisitions help the market to achieve the growth?
1.Technology is playing a crucial role in enhancing convenience, accessibility and adoption of multi-brand car service centers
Use of technology allows customers to book, cancel and manage services at the click of a button. End-to-end vehicle service tracking and real-time updates. Provision for facility to make online payments and obtain electronic invoices.
Ex: Pitstop's app has standardized pricing available for customers to book services and also check updates about service, price estimates, payments and feedback.
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2.Workshop Management Tool is a boon for Multi-Brand Car Service Centre
Allows garages to manage jobs and inventory.
Provides for vendor payments and order management.
Enables garages to create contact profiles for generating repeat users.
Dashboard depicting operational metrics, analytics and cost benchmarking is available.
Manage accounting, invoicing, expenses, customer feedback, leads & customer communication.
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3.Mergers and Acquisitions enable Multi Brand Car Service companies to expand regional presence and market share
In 2018, Mahindra First Choice acquired Carnation Auto India Private Ltd for an undisclosed amount. The acquisition enabled Mahindra First Choice to expand its workshop network and organize the unorganized aftermarket industry.
My TVS acquired Mahindra First Choice in 2020. The acquisition enabled Mahindra and Mahindra Ltd to secure a minority stake in TVS Automobile Solutions Private Limited (TVS ASPL) and in turn, MFCSL will become a subsidiary of TVS ASPL.
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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.Our Solutions are driven by qualitative and quantitative evaluation of markets across diverse Sectors and Geographies. We assist clients in their objectives related to market entry, product pricing, Product-fit evaluation, competition benchmarking, forecasting business planning and financial planning.
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